Westmount
Westmount

Westmount Housing Market Report

Seller's Market

All types - for the month of March

Buyer's market Seller's market

2

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.

24

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*

28

New

25(+4.17% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 22, in 2023: 21, in 2022: 9

Total Sold Listings*

14

Median Sold Price

$675,000

Avg Days on Market

24 days

Median Bidding

-$7,900

Compared to number of sold, same period, in 2024: 17, in 2023: 11, in 2022: 30

*Data is for the month of March

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

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

Sold Price Distribution - Westmount - All types

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

Property Type Distribution - Westmount - All types

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

Median Price - Westmount - All types

Just sold - Westmount

View all

Population and Demographics

Overview

Total population 20447
Average household income $123,158

Age (%)

65 and plus
24%
0 to 19
21%
50 to 64
20%
35 to 49
17%
20 to 34
17%

Household composition (%)

Single family
66%
Single person
30%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
82%
Arabic
6%
Others
3%
Spanish
3%
French
1%
Polish
1%
Portuguese
1%

House tenancy (%)

Owners
58%
Renters
42%

Top 3 Schools in Westmount

Westmount Public School1011 Viscount Rd, N6K 1H5, London, ON
6.3/10
Public•JK-8
Saunders Secondary School941 Viscount Rd, N6K 1H5, London, ON
5.3/10
Public•9-12
W Sherwood Fox Public School660 Steeplechase Dr, N6J 3P4, London, ON
4.5/10
Public•JK-8

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

2/5

Few or no 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

2/5

Some restaurants within walking distance