Selling Your Home in London Ontario — 2025 Guide

Is Now a Good Time to Sell in London Ontario?

London's 2025 market is more balanced than the frenzied 2021–2022 peak — but well-priced, well-presented homes are still selling well. The average days on market is 28 days, and homes are achieving approximately 98% of list price. Sellers who price correctly and prepare their homes properly still achieve strong results.

Spring (March–May) remains London's strongest selling season, but motivated buyers exist year-round. If your home is priced right, any time of year can work.

Step 1 — Get a Free Home Valuation (CMA)

Before anything else, know what your home is actually worth. Online tools like Zestimate are often 5–15% off in London ON because they can't account for your specific street, condition, or recent local sales. A Comparative Market Analysis (CMA) from a local agent is free, accurate, and comes with no obligation.

A CMA compares your home to similar properties that have recently sold in your area — giving you a realistic price range and a recommended list price strategy.

Step 2 — Prepare Your Home for Sale

Presentation drives results. The most impactful low-cost improvements before listing in London ON:

• Declutter every room — including closets, garage, and basement
• Fresh neutral paint in main living areas
• Deep professional clean throughout
• Curb appeal — mulch, flowers, power-washed driveway, clean front door
• Fix obvious deficiencies — leaky taps, broken fixtures, scuffed trim
• Professional photography — non-negotiable in 2025

Step 3 — Price It Right From Day One

Overpricing is the most common and costly seller mistake. Homes priced above market sit longer, go stale, and typically sell for less than if priced correctly from the start. The first 7–10 days on MLS are your highest-traffic window — make them count with a sharp, market-accurate price.

Step 4 — Understand Your Selling Costs

The main costs of selling a home in London Ontario:

• Real estate commission — typically 3.5–5% of sale price + HST
• Legal fees — $1,500–$2,500
• Mortgage discharge/prepayment penalty — check with your lender
• Pre-sale repairs and staging — $500–$3,000 typically
• Moving costs — $1,000–$4,000

On a $620,000 sale, total selling costs (excluding mortgage discharge) typically run $30,000–$40,000.

Step 5 — Review and Negotiate Offers

In London's current market, conditional offers are normal and common. A financing condition and home inspection condition are standard. Your agent will help you evaluate each offer's full terms — price, deposit, conditions, closing date — and advise on whether to accept, reject, or counter.

Step 6 — Close and Receive Your Proceeds

On closing day your lawyer transfers the title, discharges your mortgage, and releases your net proceeds. Plan your move well in advance — closing day arrives quickly once a deal is firm.

What Are Homes Selling for in London ON?

• Old North — $750,000 to $1,100,000+
• Masonville — $700,000 to $1,000,000+
• Byron — $650,000 to $900,000
• Westmount — $550,000 to $750,000
• Lambeth — $550,000 to $800,000
• Old East Village — $450,000 to $650,000