London, Ontario real estate market report
In the year to September 2026, London’s average sale price changed by -3.8%. Source: LSTAR and CREA.
No one can tell you for sure where it goes next. You might be worried about buying just before prices drop, or selling just after. Here are the numbers, and what they mean for your move.
The Bottom Line (Quick Answer)
- London, Ontario’s average sale price was $591,927 in September 2026. That is a change of -3.8% over the year (LSTAR / CREA).
- London had 5.7 months of inventory and 381 sales that month.
- The Ken Small Real Estate Team reads these numbers for your home and street. A city average is not your price.
The short version
- A minus sign means prices fell. A plus sign means they rose.
- We do not forecast prices. No one can promise you next year’s number.
- Two homes a few streets apart can be in different markets.
Are London house prices falling?
In the year to September 2026, the average sale price changed by -3.8%. A minus sign means prices fell. A plus sign means they rose.
What is the forecast for London house prices?
We do not forecast prices. No one can promise you next year’s number. What you can know is your own home’s number, on your street, in your price range.
What are London’s market numbers this month?
| Measure | Figure | Source |
|---|---|---|
| Average home price (City of London) | $591,927 | LSTAR / CREA |
| Benchmark (MLS® HPI) price (all LSTAR regions) | $552,500 | LSTAR / CREA |
| Single-Family benchmark price (all LSTAR regions) | $600,700 | LSTAR / CREA |
| Two Storey benchmark price (all LSTAR regions) | $648,100 | LSTAR / CREA |
| One Storey benchmark price (all LSTAR regions) | $541,300 | LSTAR / CREA |
| Townhouse benchmark price (all LSTAR regions) | $421,500 | LSTAR / CREA |
| Apartment benchmark price (all LSTAR regions) | $317,100 | LSTAR / CREA |
| 1-year change, average sale price (City of London) | -3.8% | LSTAR / CREA |
| Homes sold in the month (City of London) | 381 | LSTAR / CREA |
| Months of inventory (City of London) | 5.7 months | LSTAR / CREA |
LSTAR / CREA figures for September 2026. Benchmark prices are MLS® HPI benchmarks for all LSTAR regions, not averages and not only the City of London.
How fast are homes selling? The median City of London home sold in 33 days. Across all LSTAR regions, the median days on market was 34 days in September 2026. See how long it takes to sell in London.
Is it a good time to buy a house in London, Ontario?
It depends less on the month than on the home, the price and how long you will stay. A good home at the right price, kept for years, matters more to you than timing the market.
Months of inventory is a useful clue. It is how long today’s listings would take to sell at this month’s pace. London had 5.7 months in September 2026. More months means more homes to choose from for each sale.
Buying? Start with how we help you buy, and see the cost to buy a house in London.
What do these numbers mean if you’re selling?
An asking price above what buyers will pay sits, in any market. Homes priced right and marketed hard tend to sell. The number that matters is not the city average. It is what your home, on your street, will net you.
Start with What’s My Home Worth?. Then see the cost to sell a house in London.
What do these numbers mean if you’re buying?
Buy on the home’s value today, not on a rebound you hope for. Check how many months of inventory there are. More months usually means more room to ask for conditions, like financing and inspection.
What do these numbers mean if you’re investing?
Compare the price with the rent you can charge. That gap decides cash flow, and it works in some property types more than others. Test any London property with the rental calculator. Then read is London a good place to invest?
Why a monthly average can mislead you
The “average price” mixes a downtown condo with a Byron four-bedroom. It tells you about the city. It does not tell you about your home, or the one you want.
Neighbourhood, type and condition move the number far more than the month does. Two homes a few streets apart can be in different markets. So every real decision starts with the specific home. Get your own number from our home value tool, or browse London neighbourhoods.
Who this is not for
- You want a forecast or a promise about next year’s prices. We do not give one.
- You need the price of your own home. A city average will not tell you that.
What London clients say
★★★★★We sold our home! In the midst of interest increases and market pricing decline, Ken was steadfast in his commitment to sell our home. Ken used multiple outlets, went above and beyond to market our property and counselled us well along the way. In the end, we SOLD, and are beginning our next journey as a family. Thank you Ken!
Kristian W. · Seller · May 2023 · via Google
4.9 average from 14 Google reviews, as shown on our reviews page (October 2026). Read every review →
The honest takeaway
Averages are a starting point, not an answer.
Common questions about the London market
What is the average home price in London, Ontario?
Is the London housing market going up or down?
Is it a buyer’s or a seller’s market in London?
What are rents like in London?
How often is this updated?
Want this month’s numbers for your situation?
Book a call to get the numbers for your home, your budget or your investment.
About Ken Small
Ken Small, REALTOR®, has been a real estate agent in London since 2003. He leads the Ken Small Real Estate Team at Century 21 First Canadian Corp., Brokerage. The office is at 420 York Street, London, ON N6B 1R1. RECO #4727293. Meet the team →