The recent MLS® stats for London indicate an average house price of $815k and 584 house new listings in the last 28 days. As of today, London housing data shows median days on the market for a home is 15 days.
1. Listings on the Market:
The London City real estate market offers a variety of housing options, including homes, townhomes, and condos.
At present, there are 795 homes listed on the market in London City, providing a wide range of choices for residents and newcomers.
For those seeking the convenience and community of townhome living, London City offers 202 listings, reflecting the appeal of this housing style.
Condos provide 137 options for those looking for a more compact and maintenance-free living arrangement in the heart of the city.
2. Average Listing Price in the Last Month:
The average listing prices for homes, townhomes, and condos in the Last Month provide insights into the affordability and value of these properties in the London City real estate market:
The average listing price for homes in the last month stands at $858.6K, demonstrating the allure of London City’s residential offerings.
London City’s townhome market features an average listing price of $575.2K over the same period, reflecting competitive pricing and appeal within the city.
The condo market in London City presents an average listing price of $448.1K.
3. Change in Average Listing Price:
Understanding the change in average listing prices can reveal market dynamics within the London City real estate market:
There has been a notable 1.34% increase in the average listing price for homes, showcasing steady demand and potential investment opportunities within the heart of the city.
Townhomes have seen a consistent 1.33% increase in the average listing price, reflecting a balanced market and steady interest in this housing segment within the city.
The condo market has maintained its pricing, showing a 0% change in the average listing price.
4. Average SOLD Price in the Last Month:
The average sold prices for homes, townhomes, and condos in the Last Month reflect actual transaction values within the London City real estate market:
Homes in London City have seen an average sold price of $757.3K over the Last Month, underlining the city’s appeal to homebuyers and potential investors in the heart of the bustling metropolis.
The average sold price for townhomes in London City during the same period is $563.5K, showcasing an impressive 11.37% increase, making this housing segment attractive to buyers looking for an urban lifestyle.
The condo market in London City has maintained stability, with a 0% change in the average sold price, indicating consistency and predictability in the heart of the city.
5. Change in Average SOLD Price:
Analyzing the change in the average sold price provides insights into market dynamics within London City’s real estate market:
The change in the average sold price for homes reflects a significant 6.69% increase, indicating robust demand and appreciation in property values within the bustling city real estate market.
Townhomes have witnessed an impressive 11.37% increase in the average sold price, showcasing the attractiveness of this segment to buyers and potential investors within the city.
The condo market has maintained its pricing, showing a 0% change in the average sold price, reflecting a stable and resilient market within the city’s heart.
Inventory & SOLD Statistics:
In the last 60 days, the London City real estate market has been active, with key statistics as follows:
There were 1238 new home listings, with 65 homes sold during this period. The average days on the market for homes stood at 18 days, and the selling-to-listing price ratio was 100.17%, highlighting the competitive nature of London City’s home market.
London City recorded 346 new townhome listings and 29 townhomes sold in the last 60 days, reflecting efficiency and competitive pricing dynamics in this housing segment.
For condos, there were 192 new listings and 24 condos sold in the last 60 days, offering diverse options and showcasing the dynamic nature of London City’s condo market.
