London Real Estate Statistics

London Real Estate Price Trend
London real estate average sold price in the last 30 days (February 17 - March 17) was $626,236, which is $375,265 (59.9%) higher than the average price of $250,971 in the previous 30 day period (January 18 - February 16), and $18,532 (3.0%) up from the same period 1 year ago ($607,704). London real estate prices over the last 30 days are also $56,402 (9.0%) higher than the average selling price of $569,834 over the past year.
London average sold price for homes was $694,142 in the last 30 days (February 17 - March 17), which is $419,372 (60.4%) up from the average home price of $274,770 in the previous 30 day period (January 18 - February 16), and $12,391 (1.8%) higher than the same period 1 year ago ($681,751). In the last 30 days London the average home price was $61,054 (8.8%) higher than the average selling price of $633,088 over the last 12 months.
Average London condo sold price over the last 30 days (February 17 - March 17) was $331,900. During this period it was $180,047 (54.2%) up from the average price of condo of $151,853 during the previous 30 days (January 18 - February 16), and $119,975 (36.1%) lower compared to the same period 1 year ago ($451,875). In the last 30 days London the average condo price was $43,883 (13.2%) lower than the average selling price of $375,783 over the last year.
Average sold price of London townhouse was $474,881 in the last 30 days (February 17 - March 17), up $269,783 (56.8%) from the average townhome price of $205,098 over the previous 30 days (January 18 - February 16), and $4,195 (0.9%) lower than during to the same period 1 year ago ($479,076). Over the last 30 days the average townhouse price in London was $2,078 (0.4%) lower compared to the average selling price of $476,959 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for London real estate was $626,236 in the last 30 days (February 17 - March 17), which is collectively $9,700 (1.3%) lower than the average asking price of $751,758. This represents a decline of $6,734 (227.0%) compared to $2,966 (0.4%) Sold-Under-Asking price from the previous 30 day period (January 18 - February 16).
The maximum Sold Over/Under Asking ratio in London during the last 12 months was recorded in February, 2024 with an average of $5,300 over the asking price, while the minimum occurring in November, 2023 with $26,231 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in London was 5,580.3% with 7,366 properties sold and 62 new properties listed in the past 30 days (February 17 - March 17). This represents a decrease from 157,541.9% recorded during the previous 30 day period (January 18 - February 16), and an increase from 76.2% compared to the same period one year ago.
Over the the last year the highest SNLR in London was 122,379.6% recorded in January and the lowest was in September at 31.9%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 7,366 properties that were successfully sold in London in the last 30 days (February 17 - March 17) was 21 days, which is 6 days less than 27 days average in the previous 30 day period (January 18 - February 16) and 12 days shorter than during the same period a year ago (33 days).
There were 30,418 delisted properties in London, those that got either Expired, Suspended or Terminated over the last 30 days (February 17 - March 17) with an average of 102 days on the market. This is 56 days longer than the average of 46 days during the previous 30 day period (January 18 - February 16) and 27 days more compared to the same period last year average of 75 days on the market.
30,418 London properties that didn't sell stayed on the market 385.7% longer than 7,366 that sucessfully sold over the last 30 days - 21 days when sold vs 102 days when delisted respectively.
Average Days on the Market in London over the past 12 months for properties that have sold was 22.5 days, with 61.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
132 new properties were listed on the market in London in the last 30 days (February 17 - March 17). During the same time 7,366 properties were sold and 30,418 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 37652 properties (or 28,524.2%).
During the previous 30 day period (January 18 - February 16) there were 62 new properties listed, 97,676 sold and 24,041 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was June with 152 new properties listed, the slowest - December with 47 new listings and a yearly average of 99 new listings per month.
New Real Estate Listings by Property Type
There were a total of 78 homes listed during the last 30 days (February 17 - March 17), which is 59.1% of all properties listed in London. This is a 73.3% increase compared with a previous 30 day period (January 18 - February 16) and 73.3% up from the same period a year ago. Over the past year an average of 69 homes are were listed per month.
9 condo units were listed in the last 30 days (February 17 - March 17) in London, which represents 6.8% of all new listings. This is up 200.0% from the prior 30 day period (January 18 - February 16) and 200.0% more compared to the same period last year. There were 8 condos listed per month on average during the last 12 months.
45 townhomes were listed over the last 30 days (February 17 - March 17) in London, which is 34.1% of all new real estate inventory. This is a 221.4% more than during the previous 30 day period (January 18 - February 16) and 200.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 22 a month.
Real Estate Sales by Property Type
There were a total of 5,088 homes sold during the last 30 days (February 17 - March 17), which is 69.1% of all properties sold in London. This is a 92.8% decline compared with a previous 30 day period (January 18 - February 16) and 16,312.9% up from the same period a year ago. Over the past year an average of 6,365 homes are were sold per month.
5 condo units were sold in the last 30 days (February 17 - March 17) in London, which represents 0.1% of all sold properties. This is down 99.9% from the prior 30 day period (January 18 - February 16) and 25.0% more compared to the same period last year. There were 722 condos sold per month on average during the last 12 months.
2,273 townhomes were sold over the last 30 days (February 17 - March 17) in London, which is 30.9% of all sold real estate. This is a 87.5% less than during the previous 30 day period (January 18 - February 16) and 17,384.6% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 1,722 a month.
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