London Ontario Real Estate Market Stats 2025

London Ontario Market Overview 2025

London's 2025 real estate market is operating in a balanced environment — more inventory and less competition than the 2021–2022 peak, but still steady demand from a growing population and ongoing affordability advantage over the GTA. For buyers, conditions are more commonly accepted and there's more time to make considered decisions. For sellers, proper pricing and preparation still yields strong results.

Average Prices by Property Type

• Detached homes — avg. $720,000
• Semi-detached — avg. $560,000
• Townhomes — avg. $490,000
• Condos / apartments — avg. $390,000

Average Prices by Neighbourhood

• Old North — $750,000 – $1,100,000+
• Masonville — $700,000 – $1,000,000+
• Byron — $650,000 – $900,000
• Westmount — $550,000 – $750,000
• Lambeth — $550,000 – $800,000
• Old East Village — $450,000 – $650,000
• East London / Hamilton Road — $380,000 – $520,000

London vs. Other Ontario Cities

London's value proposition versus other Ontario markets remains compelling in 2025:

• Toronto avg. — ~$1,100,000
• Hamilton avg. — ~$760,000
• Kitchener avg. — ~$720,000
• London avg. — ~$621,000
• Windsor avg. — ~$460,000

Market Conditions for Buyers

2025 is a meaningfully better buying environment than 2021–2022. Inventory is higher, competing offers are less common, and conditional offers are routinely accepted. Interest rates remain elevated compared to pre-2022 levels but variable rates have been declining. Buyers who are financially ready will find more opportunities and less pressure than in recent years.

Market Conditions for Sellers

Sellers need to be realistic about pricing in 2025 — the days of listing anything above market and getting multiple offers are largely behind us in London's current climate. Well-priced, well-presented homes are still selling at approximately 98% of list price within 28 days on average. Overpriced homes sit, go stale, and sell for less. Strategic pricing from day one remains the most important decision a seller makes.

Forecast 2025–2026

Most London ON market forecasts project moderate price appreciation of 3–6% through 2025 and into 2026, supported by population growth, easing interest rates, and sustained demand from GTA buyers seeking value. The rental market remains tight, supporting investment fundamentals for income-oriented buyers. As always, neighbourhood selection and timing within the local market cycle matter more than broad forecasts.