London Real Estate Statistics

London real estate average sold price in the last 30 days (October 21 - November 19) was $614,720, which is $5,625 (0.9%) lower than the average price of $620,345 in the previous 30 day period (September 21 - October 20), and $21,037 (3.4%) up from the same period 1 year ago ($593,683). London real estate prices over the last 30 days are also $48,568 (7.9%) higher than the average selling price of $566,152 over the past year.

London average sold price for homes was $677,040 in the last 30 days (October 21 - November 19), which is $4,920 (0.7%) up from the average home price of $672,120 in the previous 30 day period (September 21 - October 20), and $27,862 (4.1%) higher than the same period 1 year ago ($649,178). In the last 30 days London the average home price was $41,684 (6.2%) higher than the average selling price of $635,356 over the last 12 months.

Average London condo sold price over the last 30 days (October 21 - November 19) was $422,166. During this period it was $32,249 (7.6%) up from the average price of condo of $389,917 during the previous 30 days (September 21 - October 20), and $129,541 (30.7%) higher compared to the same period 1 year ago ($292,625). In the last 30 days London the average condo price was $55,903 (13.2%) higher than the average selling price of $366,263 over the last year.

Average sold price of London townhouse was $500,402 in the last 30 days (October 21 - November 19), down $13,248 (2.6%) from the average townhome price of $513,650 over the previous 30 days (September 21 - October 20), and $23,358 (4.7%) lower than during to the same period 1 year ago ($523,760). Over the last 30 days the average townhouse price in London was $33,433 (6.7%) higher compared to the average selling price of $466,969 over the last 12 months.

Average selling price for London real estate was $614,720 in the last 30 days (October 21 - November 19), which is collectively $14,444 (2.1%) lower than the average asking price of $690,468. This represents a decline of $102 (0.7%) compared to $14,342 (2.1%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

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 (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 79.0% with 543 properties sold and 825 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 52.8% recorded during the previous 30 day period (September 21 - October 20), and an increase from 42.5% 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 November at 39.1%. 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.

The Average Days on the Market (DOM) for 543 properties that were successfully sold in London in the last 30 days (October 21 - November 19) was 35 days, which is 4 days more than 31 days average in the previous 30 day period (September 21 - October 20) and 4 days longer than during the same period a year ago (31 days).

There were 553 delisted properties in London, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 71 days on the market. This is 9 days longer than the average of 62 days during the previous 30 day period (September 21 - October 20) and 1 days more compared to the same period last year average of 70 days on the market.

553 London properties that didn't sell stayed on the market 102.9% longer than 543 that sucessfully sold over the last 30 days - 35 days when sold vs 71 days when delisted respectively.

Average Days on the Market in London over the past 12 months for properties that have sold was 28.2 days, with 64.0 days for those properties that did not sell.

687 new properties were listed on the market in London in the last 30 days (October 21 - November 19). During the same time 543 properties were sold and 553 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 409 properties (or 59.5%).

During the previous 30 day period (September 21 - October 20) there were 825 new properties listed, 436 sold and 441 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 901 new properties listed, the slowest - December with 47 new listings and a yearly average of 434 new listings per month.

There were a total of 467 homes listed during the last 30 days (October 21 - November 19), which is 68.0% of all properties listed in London. This is a 19.5% decline compared with a previous 30 day period (September 21 - October 20) and 641.3% up from the same period a year ago. Over the past year an average of 300 homes are were listed per month.

95 condo units were listed in the last 30 days (October 21 - November 19) in London, which represents 13.8% of all new listings. This is down 3.1% from the prior 30 day period (September 21 - October 20) and 3,066.7% more compared to the same period last year. There were 49 condos listed per month on average during the last 12 months.

125 townhomes were listed over the last 30 days (October 21 - November 19) in London, which is 18.2% of all new real estate inventory. This is a 15.0% less than during the previous 30 day period (September 21 - October 20) and 495.2% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 85 a month.

There were a total of 378 homes sold during the last 30 days (October 21 - November 19), which is 69.6% of all properties sold in London. This is a 16.7% increase compared with a previous 30 day period (September 21 - October 20) and 1,250.0% up from the same period a year ago. Over the past year an average of 6,675 homes are were sold per month.

60 condo units were sold in the last 30 days (October 21 - November 19) in London, which represents 11.0% of all sold properties. This is up 53.8% from the prior 30 day period (September 21 - October 20) and 1,400.0% more compared to the same period last year. There were 814 condos sold per month on average during the last 12 months.

105 townhomes were sold over the last 30 days (October 21 - November 19) in London, which is 19.3% of all sold real estate. This is a 43.8% more than during the previous 30 day period (September 21 - October 20) and 2,000.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 1,926 a month.