SouthcrestHousing market

Southcrest

Southcrest Housing Market Report

Balanced Market

All types - for the month of March

Buyer's market Seller's market

5

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

39

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

41 active

New

19(0% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 21, in 2023: 22, in 2022: 12

Total Sold Listings*

9 sold

Median Sold Price

$410,000

Avg Days on Market

39 days

Median Bidding

-$9,900

Compared to number of sold, same period, in 2024: 16, in 2023: 17, in 2022: 22

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - Southcrest - All types

Sold vs Active vs New vs Relisted - Southcrest - All types

Sold Price Distribution - Southcrest - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Southcrest - All types

Property type distribution based on data from the last 3 months.

Median Price - Southcrest - All types

Just listed - Southcrest

Unknown for 511 Melcrest Rd, London South Ontario N6J 3T2

4 hours on market

511 Melcrest Rd, London South

Detached2+131500-2000 sq ft

Listed by NU-VISTA PREMIERE REALTY INC.

Home with vinyl exterior material, street for 20 MCALPINE Ave, London Ontario N6J 2T4

4 hours on market

20 MCALPINE Ave, London

Detached31700-1100 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 173 Chelsea Ave, London South Ontario N6J 3J5

Re-listed 1 day ago

$•••,•••

173 Chelsea Ave, London South

Detached311500-2000 sq ft

Listed by THE AGENCY REAL ESTATE

Just sold - Southcrest

Unknown for 787 Berkshire Dr, London Ontario N6J 3S5

Sold 2 days ago

Sold for $420,000

$35K below asking

787 Berkshire Dr, London

Condo331600-1799 sq ft

Listed by ZOLO REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 215 Commissioners Rd #5, London Ontario N6J 1X9

Sold 2 days ago

Sold for $394,500

$15K below asking

215 Commissioners Rd #5, London

Condo321000-1199 sq ft

Listed by RE/MAX ADVANTAGE REALTY LTD.

Home with brick exterior material, street for 66 Centre Cres, London Ontario N6J 2Z6

Sold 6 days ago

Sold for $575,299

$25K above asking

66 Centre Cres, London

Detached321100-1500 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP.

Population and Demographics

Overview

Total population 15483

Average household income $92,337

Age (%)

65 and plus

23%

20 to 34

22%

50 to 64

20%

35 to 49

18%

0 to 19

17%

Household composition (%)

Single family

49%

Single person

46%

Multi person

5%

Multi family

0%

Mother tongue (%)

English

85%

Spanish

5%

Others

4%

Arabic

2%

French

1%

House tenancy (%)

Renters

59%

Owners

41%

Top 3 Schools in Southcrest

École Élémentaire Catholique Frère André400 Base Line Ouest rue, N6J 1W1, London, ON

7.6/10

Public•JK-6

Westminster Secondary School230 Base Line Rd W, N6J 1W1, London, ON

2.2/10

Public•9-12

Woodland Heights Public School474 Springbank Dr, N6J 1G8, London, ON

1.8/10

Public•JK-8

Transportation

Car Friendly

4/5

Arteries nearby, but traffic congestion and parking problems are possible

Pedestrian Friendly

3/5

Few day-to-day needs are within walking distance

Transit Friendly

2/5

Transit is available for some trips

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

3/5

At least one grocery store within a 15-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

3/5

Some restaurants within walking distance