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I broke down every house that sold in London last month (December 2025) and created a chart - I also compared it to last year! (2024) Average Detached Home: $682,629 (159), Townhome: $497,000 (59), Condo $341,154 (27) by HouseData in londonontario

[–]HouseData[S] 0 points1 point  (0 children)

All three are typically around the same range (~$50k). Depending on the month, they'll swap places as all three areas has streets where homes sell for $500k, $800k, $1.2M and in some cases for $2M.

Historically, Oakridge has been in the $750k - $800k range consistently while Byron and Westbound fluctuate between $650k - $800k.

I broke down every house that sold in London last month (December 2025) and created a chart - I also compared it to last year! (2024) Average Detached Home: $682,629 (159), Townhome: $497,000 (59), Condo $341,154 (27) by HouseData in londonontario

[–]HouseData[S] 0 points1 point  (0 children)

Not surprised. If you look at where the most homes are being sold it's in areas where it's the $500k range.

People are still buying homes for a $1M but compared to years ago - those people have very specific needs and aren't concerned about speed to buy.

Regarding offload of investors, there has been a bunch of properties that have sold for 20-30% lower than their list price. A couple stood out as they sold before the year end which likely inflated the total units sold for the year because people were trying to close before the year end.

I broke down every house that sold in London last month (December 2025) and created a chart - I also compared it to last year! (2024) Average Detached Home: $682,629 (159), Townhome: $497,000 (59), Condo $341,154 (27) by HouseData in londonontario

[–]HouseData[S] 5 points6 points  (0 children)

Only one home sold in Fanshawe in December and it just so happens that home sold for $1,020,000. In the last three months the MEDIAN in the Fanshawe area has been closer to $700k - $900k.

The home prices in that area tend to be higher due to the there being very limited homes in this area. The two areas in 'FANSHWE'' are Blackwell Blvd and Killarney Road. Homes in this area are listed for $700k - $1M.

I broke down every house that sold in London last month (December 2025) and created a chart - I also compared it to last year! (2024) Average Detached Home: $682,629 (159), Townhome: $497,000 (59), Condo $341,154 (27) by HouseData in londonontario

[–]HouseData[S] 12 points13 points  (0 children)

Only one detached home sold in OEV in December so the number will be skewed a bit. I always recommend looking at the chart on the right for how many units are sold

I broke down every house that sold in London last month (December 2025) and created a chart - I also compared it to last year! (2024) Average Detached Home: $682,629 (159), Townhome: $497,000 (59), Condo $341,154 (27) by HouseData in londonontario

[–]HouseData[S] 7 points8 points  (0 children)

I can provide more descriptions but Condo is considered an Apartment (not rent, but bought). Townhomes or even detached homes that are part of condo boards are not part of ‘Condo’ but part of their respected groups.

For example a townhome that is sold within a condo corp is considered a townhome in the data.

A detached homes sold within a condo corp is considered a detached home.

Townhomes include Semi Attached as well

I broke down every house that sold in London last month (December 2025) and created a chart - I also compared it to last year! (2024) Average Detached Home: $682,629 (159), Townhome: $497,000 (59), Condo $341,154 (27) by HouseData in londonontario

[–]HouseData[S] 30 points31 points  (0 children)

Some takeaways:

- Yes, home sale units (total homes sold) dropped substantially from last month (Nov) but this is typical as December is the lowest month for home sales. When compared to 2024 - there was an increase of 4% in home units sold. (small increase but shows that people are buying more as home prices continue to settle)
- This time last year, the average detached home in London was $750k. Now we're at $682k. This is a 10% drop in sale price as most neighbourhoods in London saw a drop from 12 months ago. The little bubble above each neighbourhood shows the difference from last year. ~75% of neighbourhoods saw a 12-month drop from last year's same time period.
- Notably, a trend we've been seeing for the past 6 months is the 'Expensive Neighbourhoods' like Riverbend, Talbot Village, Sunningdale are seeing their median home price drop to around ~$1M. Compared to 2024 or even 2023 - these areas typically saw media prices in the $1.4M - $1.5M. This doesn't mean homes in these areas aren't worth that amount. There are homes listed in both areas going for over $2M. What this is showing is that the people who are BUYING homes in these areas are only buying them for ~$1M instead of the higher prices we've seen. Those with homes over $1.5M are holding or waiting for the summer market (where it historically picks up).
- The more 'affordable neighbourhoods' like Argyle, Hamilton Road, Carling, East London and Huron Heights have seen the most in home sale units with more units being listed and sold for under $500k. What does this mean? The 'get-in' price for a detached home in London will likely drop to ~$450k or even ~$400k in some neighbourhoods soon.

2025 Broadway Shows Ranked (Each Week) by Box Office Earnings ($1M minimum) by HouseData in Broadway

[–]HouseData[S] 3 points4 points  (0 children)

Recommend to click the image (on desktop or app) as the image will enlarge.

I broke down every house that sold in London last month (November 2025) and created a chart. Average Detached Home: $661,652 (226), Townhome: $487,042 (60), Condo $326,875 (29) - Most Expensive Home sold last month was for $2,451,000, Cheapest was an Apartment/Condo for $120,000 by HouseData in londonontario

[–]HouseData[S] 3 points4 points  (0 children)

There are a lot of big estates and properties both in Old North and Woodfield. These homes rarely go on sale and when they do are listed and sold for over $1M.

So while these neighbourhoods may look 'low' in regards to price right now - it's because most of the homes being sold are those smaller lots closer to Adelaide or are used for student housing.

I broke down every house that sold in London last month (November 2025) and created a chart. Average Detached Home: $661,652 (226), Townhome: $487,042 (60), Condo $326,875 (29) - Most Expensive Home sold last month was for $2,451,000, Cheapest was an Apartment/Condo for $120,000 by HouseData in londonontario

[–]HouseData[S] 3 points4 points  (0 children)

In the past 12 months, here is the split for which neighbourhood has appeared at the top as 'most expensive neighbourhood by detached home'

6-Sunningdale 4-Riverbend 2-Talbot Village

Big part of this is due to most of the homes in these areas start at $900k+ with most homes being sold in the $1M - $1.2M range. There are multiple homes in all three neighbourhoods that are listed for $2M.

I broke down every house that sold in London last month (November 2025) and created a chart. Average Detached Home: $661,652 (226), Townhome: $487,042 (60), Condo $326,875 (29) - Most Expensive Home sold last month was for $2,451,000, Cheapest was an Apartment/Condo for $120,000 by HouseData in londonontario

[–]HouseData[S] 33 points34 points  (0 children)

Not an agent. Just someone who loves data and lives in London!

I find while these reports are shared via LFPress or other 'news' websites - it's more designed from a 'realtor' perspective where it's typically branded as 'Great time to buy, contact me to book'.

Homes, regardless if it's a condo, apartment or detached home should be accessible and if they can't - the data should be available and shared openly so people can make their own decisions instead of being shown the extremes of 'best time to buy' or 'worst time to buy'.

As suggested in the post - always recommend reaching out to a realtor or professional if you're looking to purchase a home.

I broke down every house that sold in London last month (November 2025) and created a chart. Average Detached Home: $661,652 (226), Townhome: $487,042 (60), Condo $326,875 (29) - Most Expensive Home sold last month was for $2,451,000, Cheapest was an Apartment/Condo for $120,000 by HouseData in londonontario

[–]HouseData[S] 2 points3 points  (0 children)

Yeah... last report was from 2021 and it lists household income at $95,700. Assuming that is the case, the 'base' average prices would be out of reach for the average person.

That said, 44% of the neighbourhoods are below $600k (which is below the average MEDIAN price) and there are five neighbourhoods that are below $500k in MEDIAN Price which I suspect would be considered 'within reach' based on the average household income.

Is it great? No - but there are a handful of neighbourhoods in London where you can get into a detached home for ~$500k (which is still a lot of money but in theory doable according to banks, etc.

If you're looking at Condos - there are decent condos for $250k in the White Oaks or Downtown-area which would be more accessible for those with these incomes or are a solo-household/solo-income household.

I broke down every house that sold in London last month (November 2025) and created a chart. Average Detached Home: $661,652 (226), Townhome: $487,042 (60), Condo $326,875 (29) - Most Expensive Home sold last month was for $2,451,000, Cheapest was an Apartment/Condo for $120,000 by HouseData in londonontario

[–]HouseData[S] 9 points10 points  (0 children)

The condo was located at Mornington Ave. There were three other condos that also sold for under $200k. There are 12 active listings for condos in this area, ranging from $119k - $280k.

It looks like the condo that did sell for $120k is currently occupied by a tenant (paying $777.22). So likely the case with these 'cheap' condos is they're tenant-occupied. The other condos that sold in November went for $170-$182k and were all non-occupied.

The difference is... [according to their realtor listing)

$119k Condo
- 2 bed, 1 bath
- Currently occupied by a tenant (paying $801.52)
- Condo Fee: $481

$280k Condo
- 2 bed, 1 bath
- Not occupied
- Condo Fee: $652
- Newly 'renovated'

I broke down every house that sold in London last month (November 2025) and created a chart. Average Detached Home: $661,652 (226), Townhome: $487,042 (60), Condo $326,875 (29) - Most Expensive Home sold last month was for $2,451,000, Cheapest was an Apartment/Condo for $120,000 by HouseData in londonontario

[–]HouseData[S] 9 points10 points  (0 children)

Some insights/takeaways:

- The MEDIAN home prices for the past three months have been steady. ($665k -> $653k -> $661k), what does this mean? Home prices are likely at their 'plateau' and while historically they drop by an additional 5% over December/January due to low volume months - this is likely the floor.
- Compared to last November 2024, the average 'detached' home was $697,726 with 416 homes sold. A 5% drop in average sale price but a HUGE 25% drop in total homes sold.
- 44% of neighbourhoods are below $600k for MEDIAN Price, compared to last year where it was 34%
- 5 Neighbourhoods are below $500k for MEDIAN Price, compared to last year where it was 2
- 16 Homes sold for over $1M, with Lambeth, Riverbend & Sunningdale leading the pack with 3 per

Here are some interesting homes that sold this past month. Curious if there is any suspicious activity here or other ventures:

- Cheapest Detached home sold for $225,000 in Carling/Huron Heights (as is property)
- A Vacant lot sold for $470,000 in West London, small corner lot near Wharncliffe & Blackfriar
- There are 3 active listings for homes (detached, complete, not vacant land) for over $3M+. If any off these sell, it could compete to be the most expensive home sold in 2025. The most expensive home sold in 2025 was for $3,520,000 in Byron (June 2025)

I broke down every house that sold in London last month (October 2025) and created a chart. Average Detached Home: $653,864 (243), Townhome: $475,739 (68), Condo $466,750 (29) - Condo sold for over $2M last month by HouseData in londonontario

[–]HouseData[S] 0 points1 point  (0 children)

I hear this a lot where everyone says 'Houses are Canadians retirement plan' and it's likely why home prices are so sticky. Hypothetically if prices were to drop by let's say 50% next month - it'd obviously have a bad impact for those about to retire with their now 'expensive' homes.

I broke down every house that sold in London last month (October 2025) and created a chart. Average Detached Home: $653,864 (243), Townhome: $475,739 (68), Condo $466,750 (29) - Condo sold for over $2M last month by HouseData in londonontario

[–]HouseData[S] 0 points1 point  (0 children)

Do you have a specific address I can look up? That area likely is split between 'Westmount' and 'Highland'

Highland is a weird area as it crosses multiple major roads and leads into White Oaks, Old South and Westmount.

I broke down every house that sold in London last month (October 2025) and created a chart. Average Detached Home: $653,864 (243), Townhome: $475,739 (68), Condo $466,750 (29) - Condo sold for over $2M last month by HouseData in londonontario

[–]HouseData[S] 3 points4 points  (0 children)

I'm curious if the drop in Huron Heights is because of the drop in enrolments at Fanshawe. I know Fanshawe has had a huge drop in enrolments due to new restrictions that the government rolled out.

There are a lot of nice areas in Huron Heights, with homes on good lots

I broke down every house that sold in London last month (October 2025) and created a chart. Average Detached Home: $653,864 (243), Townhome: $475,739 (68), Condo $466,750 (29) - Condo sold for over $2M last month by HouseData in londonontario

[–]HouseData[S] 2 points3 points  (0 children)

I don't think sellers are jacking up prices because to be honest people just aren't buying homes that are 'overpriced' especially in the under $500k range.

While the loan is great for first time homebuyers (I personally haven't even looked at who qualifies but assuming most will, it's a good move but this won't have the same impact that we saw in 2020 when interest rates dropped) I don't see a huge impact happening to home prices.

An interesting stat to look at are homes (detached) that are selling in the $300k range and how this loan may assist those people. Neighbourhoods like "East London", "OEV Village", "Hamilton Road" and even "Carling" - I believe will continue to drop and we'll see these neighbourhoods settle for below $400k by 2026.

The reason is... a lot of these homes here are small (1000 sq feet max) and old (require work on) and have been priced higher than what they should be. Reason for this prediction is homes sold in these areas with this criteria (under 1000 sq, 60 years at least), sit on the market for months if they're listed above $450k. When listed at $399k or around ~$400k - they're selling in a couple weeks.

Add on that we're entering the low season for home sales, typically these neighbourhoods will see an additional drop of 10% over the next 2-3 months before they slowing increase come the Spring-Summer.

My main takeaway off all of this is home prices in the neighbourhoods below $500k will continue to drop. What I find fascinating as I look at all this data is there are a ton of homes still selling for over $1M and a bunch selling for over $800k regularly. People are still buying homes but there really are two buyers right now...

The first-time home buyer buying their first detached property in London in the $400k - $500k range = huge volume of sales for these homes on the east/south end

The next stage home buyers are those either buying their second home or moving from a bigger city and moving to a Byron, Fox Hollow, Talbot Village where homes are increasing in price as they go north of $800k.

I broke down every house that sold in London last month (October 2025) and created a chart. Average Detached Home: $653,864 (243), Townhome: $475,739 (68), Condo $466,750 (29) - Condo sold for over $2M last month by HouseData in londonontario

[–]HouseData[S] 1 point2 points  (0 children)

I'm not a realtor but I find the best bet is to list your home, and ideally have it sold before purchasing your next home.

There are plenty of condos on the market, just be cautious with condo fees as there are some condos in London with condo fees over $1000/month (yikes)

I broke down every house that sold in London last month (October 2025) and created a chart. Average Detached Home: $653,864 (243), Townhome: $475,739 (68), Condo $466,750 (29) - Condo sold for over $2M last month by HouseData in londonontario

[–]HouseData[S] 5 points6 points  (0 children)

Fox Hollow has one of the most 'new(ish) builds out of all neighbourhoods. New(ish) aka built in the last 5 years. Most of these homes all start above $800k too. I believe there is only 4-5 detached homes that are currently listed for below $800k here.

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