London Housing Market
Monthly report on home prices and salesBy the HousingPortal.ca team · Data: LSTAR, September 2026 · Updated
In September 2026, the average home in London sold for $611,509, down 1.9% from September 2025 and up 3.5% from August 2026. 561 homes sold, up 5.3% from September 2025. Sales came to 34.7% of new listings, which points to a buyer's market (below 40%). Half of the homes sold within 34 days, 17.2% longer than a year earlier.
Average Sold Price*
*All residential: single family, townhouse, apartment and other residential homes
Transactions*
*All residential: single family, townhouse, apartment and other residential homes
See the figures in a table
| Month | Average Price | vs. previous month | Sales | vs. previous month |
|---|---|---|---|---|
| September 2026 | $611,509 | +3.5% | 561 | +6.7% |
| August 2026 | $590,550 | -2.1% | 526 | -23.3% |
| July 2026 | $603,006 | -0.6% | 686 | -8.9% |
| June 2026 | $606,614 | -8.4% | 753 | -3% |
| May 2026 | $662,292 | +7.1% | 776 | +21.6% |
| April 2026 | $618,665 | -1.3% | 638 | +8.9% |
| March 2026 | $627,112 | +0.8% | 586 | +42.9% |
| February 2026 | $622,414 | -0.3% | 410 | +20.2% |
| January 2026 | $624,550 | +1.7% | 341 | -14.3% |
| December 2025 | $614,104 | +1.5% | 398 | -19.1% |
| November 2025 | $604,994 | -0.1% | 492 | -18.9% |
| October 2025 | $605,560 | -2.8% | 607 | +13.7% |
Market Conditions
September 2026
Transactions by Home Type
September 2026
- Single Family79% (442)
- Townhouse13% (74)
- Apartment5% (30)
- Other3% (15)
Home Types Compared
September 2026
| Home Type | Price | Price MoM | Price YoY | Sales | Sales MoM | Sales YoY | Share of Sales |
|---|---|---|---|---|---|---|---|
| Single Family | $654,008 | 1.8% | -0.3% | 442 | 10% | 0.9% | 81% |
| Townhouse | $480,637 | 6.7% | -9.7% | 74 | 2.8% | 54.2% | 14% |
| Apartment | $312,553 | 0.1% | -7.7% | 30 | -16.7% | 7.1% | 5% |
Single Family: $654,008 average, down 0.3% from September 2025; 442 sold (81% of sales), up 0.9% from September 2025. Townhouse: $480,637 average, down 9.7% from September 2025; 74 sold (14% of sales), up 54.2% from September 2025. Apartment: $312,553 average, down 7.7% from September 2025; 30 sold (5% of sales), up 7.1% from September 2025.
London - Region Breakdown
September 2026
Adelaide Metcalfe had the lowest average property price in the market, with an average price of $340,000. On the other hand, Middlesex was the area with the highest average property price, reaching $727,550. Additionally, Strathroy-Caradoc saw the largest month-over-month rise in average price with a 28.3% increase, while Adelaide Metcalfe had the lowest with a 38.2% decrease.
Area | Avg. Price | Monthly Change | Yearly Change | Transactions |
|---|---|---|---|---|
| Adelaide Metcalfe | $340,000 | -38.2% | n/a | 1 |
| City of London | $591,927 | 2% | -3.8% | 381 |
| Elgin | $673,470 | 21.3% | -1% | 25 |
| Middlesex | $727,550 | -8.1% | -5.3% | 40 |
| St. Thomas | $544,865 | -2.3% | -2.5% | 41 |
| Strathroy-Caradoc | $669,705 | 28.3% | 11.4% | 31 |
The six areas LSTAR reports cover 519 of the 561 homes sold in September 2026; the rest are in other municipalities of Middlesex and Elgin counties. Middlesex and Elgin here are the board's own groupings within those counties, not the whole counties.
London Housing Market: Quick Answers
What is the average home price in London?
In September 2026, the average home in London sold for $611,509. The median price was $560,000: half of the homes sold for more, half for less.
Are home prices going up or down in London?
Down. The average price in September 2026 was 1.9% lower than in September 2025. Against the previous month, it rose 3.5%.
Is London a buyer's or seller's market?
It leans toward buyers. Sales came to 34.7% of new listings, which points to a buyer's market (below 40%). There were 5.9 months of inventory: how long the homes for sale would last at the current pace of sales.
How long does it take to sell a home in London?
Half of the homes sold within 34 days, 17.2% longer than a year earlier.
How many homes sold in London in September 2026?
561 homes sold in London in September 2026, up 5.3% from September 2025 and up 6.7% from August 2026.
How much do different types of homes cost in London?
Single Family: $654,008 average, down 0.3% from a year earlier. Townhouse: $480,637 average, down 9.7% from a year earlier. Apartment: $312,553 average, down 7.7% from a year earlier.
Compare London
Glossary
London
The whole area of the London and St. Thomas Association of REALTORS®: the City of London, St. Thomas, Strathroy-Caradoc and the municipalities of Middlesex and Elgin counties, every residential sale on LSTAR's MLS® System. The City of London alone is one of the six areas.
Areas
The six areas LSTAR's package breaks out: London (the city), St. Thomas, Strathroy-Caradoc, Adelaide Metcalfe, and Middlesex and Elgin, which are the board's own groupings within those counties rather than the whole counties. Together they cover most, not all, of the sales.
Average price
Total dollars paid divided by the number of sales, as printed for all residential sales, for each home type and for each area.
Median price
The price in the middle of all sales: half sold for more, half for less. Less sensitive than the average to a few very expensive homes.
Benchmark price
The MLS® Home Price Index value of a typical home, tracked over time. Unlike the average, it does not move just because more expensive (or cheaper) homes happened to sell this month. The changes shown are the printed ones.
Home types
Single family is detached houses (one and two storeys), townhouse includes row units, apartment is condominium apartments. All residential also counts a few sales of other types that the package does not break out.
Median days on market
Half of the homes sold sooner than this, half later. The package publishes the median rather than the average.
Months of inventory
Homes for sale at the end of the month divided by the month's sales: how long they would last at this pace.
Sales to new listings
Sales divided by new listings in the month. Below about 40% the market favours buyers, above about 60% sellers.
Yearly change
The printed change from the same month a year earlier. Earlier months are updated as late sales are recorded and the change is computed on the updated figures, so it can differ slightly from a change taken between the two months shown on the charts.
Small areas
Adelaide Metcalfe sells a home or two a month, and Elgin and Middlesex a few dozen: their average prices can swing sharply from one month to the next.
The statistics on this page belong to the London and St. Thomas Association of REALTORS® (LSTAR). You may quote them with credit and a link: see using our data.
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