TL;DR
- 337 homes sold in London in August 2026, down 24.4% from July, while the median price held steady at $550,000.
- Homes sold for 97.2% of list price on average, about the same as July, which points to a seasonal pause rather than falling prices.
- Oakridge had 19 sales at a $779,900 median, and 21.1% sold over asking compared with 13.4% citywide.
- Buyers faced less competition, but well-priced homes still sold close to asking.
337 homes sold across London Ontario in August 2026, counted by firm date, down 24.4% from July and 15.3% from August 2025. The median sale price held steady at $550,000. Late summer is usually one of the quieter stretches of the year in London, and this August was quiet on sales while prices barely moved.
How Did London Ontario's Housing Market Perform in August 2026?
| Metric | August 2026 | July 2026 | August 2025 |
|---|---|---|---|
| Homes sold | 337 | 446 | 398 |
| Median sale price | $550,000 | $549,450 | $580,000 |
| Average sale price | $582,283 | $601,801 | $638,424 |
| Avg. sale price / list price | 97.2% | 97.1% | 97.4% |
| Homes sold above list | 13.4% | 12.3% | 13.8% |
| New listings | 968 | 1,086 |
Fewer homes sold, but the homes that did sell went for about the same share of their asking price as in July. That points to a seasonal pause rather than buyers pulling back on price. Compared with a year ago, the median price is down 5.2%.
How Did Oakridge Perform in August 2026?
19 homes sold in Oakridge in August 2026 at a median price of $779,900, with an average sale-to-list ratio of 96.9%. 21.1% of Oakridge sales went above asking, ahead of the citywide rate of 13.4%. With 19 sales, the median can move noticeably from month to month, so treat it as a snapshot. For a closer look at the neighbourhood itself, see our Oakridge neighbourhood guide.
How Are West London's Neighbourhoods Comparing This Month?
| Neighbourhood | Homes Sold | Median Price | Median vs. July |
|---|---|---|---|
| Oakridge | 19 | $779,900 | +8.3% |
| Byron | 14 | $644,950 | +0.8% |
| Westmount | 17 | $590,000 | -11.4% |
| Riverbend | 5 | $955,000 | +39.4% |
| Lambeth | 8 | $680,300 | -21.4% |
| Whitehills | 14 | $535,000 | +9.4% |
| West London | 14 | $620,000 | +20.4% |
Several of these neighbourhoods had fewer than 10 sales in August, so a single larger or smaller home can swing the median a long way. Riverbend's jump comes from just 5 sales, and Lambeth's drop from 8. Westmount and Oakridge, with 17 and 19 sales, give the steadier read.
Is Now a Good Time to Sell in London Ontario?
For accurately priced homes, yes. The average home sold for 97.2% of its list price in August, about the same as July, so buyers are still paying close to asking for well-priced homes. With fewer sales overall, homes priced above the market are the ones that sit. Not sure where your own home stands? A complimentary home evaluation gets you a real, current number.
Is Now a Good Time to Buy in London Ontario?
Yes, with realistic expectations. A quiet August means less competition, and only 13.4% of homes sold above asking. Well-priced homes still sell close to their list price, so steep discounts are rare, but homes that have been listed for a while are where buyers have the most room. You can explore all the areas we serve or dig into the numbers on the interactive Neighbourhood Heat Map.
Source: MLS® residential data from the London and St. Thomas Association of REALTORS® (LSTAR) board feed for London East, London North and London South. Sales are counted by firm (sold) date, the same way the MLS® system records them; leases and vacant land excluded. Corrected October 1, 2026: this post originally counted sales by closing date and included some outlying towns.
Frequently Asked Questions
How many homes sold in London Ontario in August 2026?
337 homes sold in London Ontario in August 2026, counted by firm date. That is down 24.4% from July and 15.3% from August 2025.
Did home prices drop in London Ontario in August 2026?
Prices held steady month over month. The median sale price was $550,000 in August 2026, nearly the same as July's $549,450, and down 5.2% from August 2025.
Is London Ontario a buyer's or seller's market right now?
London was close to balanced in August 2026. Homes sold for 97.2% of list price on average, and 13.4% sold above asking, so well-priced homes still sold near asking while buyers had room on the rest.
How is the Oakridge, London Ontario real estate market doing?
19 homes sold in Oakridge in August 2026 at a median price of $779,900, and 21.1% sold above asking, ahead of the citywide rate of 13.4%.
Is now a good time to sell a home in London Ontario?
For accurately priced homes, yes. Homes sold for about 97% of list price on average in August 2026, but with fewer sales overall, homes priced above the market are the ones that sit.
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Justin Skrypnyk
Real Estate Broker | Sutton Group Chapman Realty Inc., Brokerage | Oakridge, London Ontario
Justin Skrypnyk is a Real Estate Broker serving Oakridge and West London. He writes regularly about the London Ontario market to help buyers and sellers make well-informed decisions.