TL;DR
- 446 homes sold in London in July 2026, down 11.5% from June, while the median held near steady at $549,450.
- Only 12.3% of homes sold over asking, down from 19.0% in June, so buyers had more room to negotiate.
- Oakridge was the busiest west-end area, with 27 sales at a $720,000 median.
- Compared with July 2025, sales were down 7.3% and the median price was down 9.2%.
July is usually a quieter month in London real estate, and 2026 followed that pattern. 446 homes sold by firm date, down from 504 in June, while the median price held close to steady at $549,450. Buyers had more room to negotiate than they did in the spring, and fewer homes went over asking. Here's the full breakdown, and what it means heading into fall.
What Happened in the London Ontario Housing Market in July 2026?
| Metric | July 2026 | June 2026 | Month-Over-Month |
|---|---|---|---|
| Homes Sold | 446 | 504 | -11.5% |
| Median Sale Price | $549,450 | $556,500 | -1.3% |
| Average Sale Price | $601,801 | $595,202 | +1.1% |
| Avg. Sale Price / List Price | 97.1% | 98.0% | -0.9 pts |
| Homes Sold Above List | 12.3% | 19.0% | -6.7 pts |
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, vacant land and non-residential sales excluded. Corrected October 1, 2026: this post originally counted sales by closing date, which placed many spring deals in July.
Want to see how your own neighbourhood compares? The interactive Neighbourhood Heat Map breaks these numbers out across all of London's mapped neighbourhoods.
Are Home Prices Going Up or Down in London Ontario?
Prices were close to flat in July. The median sale price eased 1.3% to $549,450, while the average rose 1.1% to $601,801. When the median and average move in opposite directions by about the same small amount, the honest read is a steady month for prices, with a few higher-priced sales nudging the average up.
The bigger shift was in competition. The average home sold for 97.1% of its list price, down from 98.0% in June, and the share of homes selling above asking dropped from 19.0% to 12.3%. Compared with July 2025, sales were down 7.3% and the median price was down 9.2%. Sellers who priced accurately still did well, but the bidding pressure of the spring had clearly faded.
How Did Oakridge Perform in July 2026?
27 homes sold in Oakridge in July at a median price of $720,000 and an average of $694,770, both comfortably above the citywide median. 11.1% of Oakridge sales went above asking, in line with the citywide rate of 12.3%, and the average sale-to-list ratio came in at 96.8%.
Oakridge continues to trade at a premium to the city average, which reflects the neighbourhood's larger lots and established homes more than any rush of buyers. In July, Oakridge buyers had about the same negotiating room as buyers elsewhere in London. 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 | Average Price |
|---|---|---|---|
| Lambeth | 7 | $865,000 | $898,843 |
| Oakridge | 27 | $720,000 | $694,770 |
| Riverbend | 11 | $685,000 | $777,727 |
| Westmount | 20 | $666,000 | $655,312 |
| Byron | 22 | $640,000 | $821,413 |
| West London | 17 | $515,000 | $650,676 |
| Whitehills | 11 | $489,000 | $485,991 |
Lambeth posted the highest median of our served areas, with 3 of its 7 sales going over asking. With only 7 sales behind it, that number moves easily with a few larger, newer homes. Oakridge was the busiest of the seven with 27 sales. Whitehills and West London remain the more accessible entry points on this list, both landing close to the citywide median. Byron's average sits well above its median because of a few high-end sales.
Is Now a Good Time to Sell in London Ontario?
If your home is priced to the current market, yes. Homes are still selling for about 97% of their list price on average, so well-priced listings are getting close to asking. What's changed since the spring is that fewer buyers are willing to compete, so a price set above the market is more likely to sit and need a reduction.
Not sure where your own home stands? A complimentary home evaluation gets you a real, current number rather than a guess based on last spring's market.
Is Now a Good Time to Buy in London Ontario?
For most of the city, yes. Fewer sales and fewer bidding situations give buyers more room than they had a few months ago, and prices have held steady rather than climbing. Buyers in Oakridge and other higher-priced pockets should still expect sellers to hold firm on well-priced homes.
Buyers weighing where their budget goes furthest may want to start with our London Ontario affordability guide, or explore all areas we serve directly.
For where the market stood the month before, see our June 2026 London Ontario Real Estate Market Update.
Frequently Asked Questions
How many homes sold in London Ontario in July 2026?
446 homes sold in London Ontario in July 2026, counted by firm date. That is down 11.5% from 504 sales in June 2026 and down 7.3% from July 2025.
Did home prices go up or down in London Ontario in July 2026?
Prices were close to flat. The median sale price eased 1.3% from June to $549,450, while the average sale price rose 1.1% to $601,801.
Is London Ontario a buyer's or seller's market right now?
London leaned toward balanced in July 2026. Homes sold for about 97.1% of list price on average and 12.3% sold above asking, down from 19.0% in June, so buyers had more room to negotiate than in the spring.
How did Oakridge perform in July 2026?
27 homes sold in Oakridge in July 2026 at a median price of $720,000. 11.1% sold above asking, close to the citywide rate of 12.3%.
Is now a good time to sell a home in London Ontario?
For accurately priced homes, yes. Homes are selling for about 97% of list price on average, but fewer buyers are competing than in the spring, so homes priced above the market are more likely to need a reduction.
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Justin Skrypnyk
Real Estate Broker | Sutton Group Chapman Realty Inc. | 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.