London, Ontario Housing Market: Prices and Trends

What Is the Average House Price in London, Ontario?

The typical home in London, Ontario sold for $553,164 in October 2026. That figure is the median: half of the 380 homes that sold went for more, half for less. It's a better guide than the average, which a handful of million-dollar sales can drag upward. (More on that in how to read neighbourhood price stats.)

What you'll pay depends mostly on the type of home:

Home type	Median sale price	Sales in October 2026	Months of inventory
Freehold (detached, semi, freehold townhouse)	$595,000	292	5
Condo (townhouse and apartment)	$380,000	89	7.3
All London homes	$553,164	380	5.5

Compared with the month before, the median moved +3.2%. Compared with a year earlier it's -2.1%, with sales -4.8%.

Is London a Buyer's or Seller's Market Right Now?

Overall, London is a balanced market, with 5.5 months of inventory. Months of inventory is how long it would take to sell every home currently listed at the recent pace of sales. Under 4 months tends to favour sellers, 4 to 6 is balanced, and over 6 gives buyers the upper hand.

The citywide number hides a clear split by price:

Asking price	Sold in October 2026	For sale now	Months of inventory
Under $500,000	149	690	4.8 (balanced market)
$500,000 to $700,000	146	638	4.8 (balanced market)
$700,000 to $900,000	55	380	6.8 (buyer's market)
$900,000 to $1.2 million	18	196	10 (buyer's market)
$1.2 million and up	13	135	10.4 (buyer's market)

How Are West London Neighbourhoods Doing?

Here's how the seven West London neighbourhoods Justin covers compared in October 2026. Compare each one's months of inventory with 5.5 for the city as a whole. With only a handful of sales in each area, one month's median depends a lot on which homes happened to sell, so use these as a rough guide.

Neighbourhood	Sold in October 2026	Median sale price	Months of inventory
Oakridge	11	$580,000	3.9
Byron	19	$671,500	4
Westmount	18	$645,000	4.1
Whitehills	13	$495,000	3.3
West London	11	$600,000	4.9
Riverbend	9	$860,000	5.4
Lambeth	3	$880,000	13.7

For the rest of the city, the London neighbourhood heat map shows prices and inventory for every area, and the market FAQ is refreshed weekly from active listings.

Selling a Home in London This Season

The asking price you start at is now the biggest factor in how a sale goes. In October 2026, homes that never lowered their price sold in a median of 21 days. The about one in five listings that needed a cut took 63 days and sold for 89.7% of the price they started at.

To see where your own home fits, start with the free home value estimate. It gives you a price range in about a minute, based on recent sales near you. It isn't an appraisal; for a real number, book a home evaluation and Justin will go through the comparable sales with you.

Buying a Home in London This Season

How much room you have to negotiate depends on your price range. Check the months-of-inventory table above: the higher the number, the more choice you have and the less pressure to rush. Either way, get your pre-approval in order before you start touring. You can browse every London listing from every brokerage, or check what homes actually sold for on the sold map (free sign-in required).

Monthly London Market Reports

Each month Justin publishes a full report with the story behind the numbers. The latest is the October 2026 London housing market update.

• London Ontario Housing Market, October 2026: Homes Under $700K Are Moving While Pricier Homes Wait (November 2, 2026)
• London Ontario Housing Market, September 2026: Detached Homes Are Moving, Condos Are Waiting, and Price Decides Everything (October 1, 2026)
• August 2026 London Ontario Real Estate Market Update (September 1, 2026)
• July 2026 London Ontario Real Estate Market Update (August 1, 2026)
• June 2026 London Ontario Real Estate Market Update: What It Means for Oakridge (June 30, 2026)
• May 2026 London Ontario Real Estate Market Update (May 31, 2026)

London Housing Market FAQ

What is the average house price in London, Ontario?

The median sale price in London, Ontario was $553,164 in October 2026, across 380 homes. Freehold homes (detached, semi-detached and freehold townhouses) had a median of $595,000, and condos $380,000. We report the median rather than the average because a few very expensive sales can pull the average up and make typical homes look pricier than they are.

Is London, Ontario a buyer's or seller's market right now?

Overall, London has 5.5 months of inventory, which is a balanced market. It depends on price: homes under $500,000 have 4.8 months of inventory (a balanced market), while homes over $1.2 million have 10.4 (a buyer's market). Condos, at 7.3 months, are a buyer's market.

Are house prices going down in London, Ontario?

The October 2026 median of $553,164 was -2.1% compared with a year earlier, with sales -4.8%. Compared with the month before, the median changed +3.2%. One month's median moves with the mix of homes that sold, so the year-over-year figure is the better guide to the trend.

How long does it take to sell a house in London, Ontario?

In October 2026, homes that never lowered their price sold in a median of 21 days. The about one in five sellers who had to cut their price took a median of 63 days. The asking price you start at matters more than the season.

Where do these London housing market numbers come from?

From the MLS® System, for residential homes in the City of London, counted by the date each sale went firm. They are updated once a month, when Justin Skrypnyk publishes his monthly London market report. The latest full report is the October 2026 update.