London Homes
There are numerous single-family detached homes in London, but there are also a lot of big apartment complexes, little apartment buildings, townhouses and condominium homes. The majority of the remaining structures in this city were erected before 1960 and in the 1980s, making up the remaining 70 percent of properties.
The majority of the homes in this city have two or three bedrooms. In this city, homeowners make up about 60 percent of the population, while renters make up the remaining 40 percent. More than half of the population of London own their homes which shows the affordability of homes here.
Average prices of different homes
According to recent London MLS statistics, the median home price is $443,238 and 1,053 new properties have been added in the last 28 days. According to property data for London as of right now, a home spends 13 days on average on the market.
The average price for London homes for sale in 2022 was $325,700. Average home sale prices vary with the construction style in the city. As of today, detached homes have an average price of $484k while this price was $363K about three months ago. Similarly, townhomes have an average price of $313K while the price was $110K about three months ago. At last we have condominium homes with a n average sale price of $120K while the price was $110K about three months ago.
Real estate data of London homes shows that condominiums are the most affordable homes in the city.
Number of listings available
London homes have 1852 listings. Different types of listings in London vary with construction styles. Detached homes have 778 new listings, 33 sold listings and 471 active listings. Similarly, townhomes have 179 new listings, 5 sold listings and 140 active listings and condominiums have 111 new listings, 2 sold listings and 141 active listings.
What’ available within 550K
Different homes are for sale in the city within the above price range. A 3 bedroom and 3 bathroom home of around 1050 sq ft is for sale at 426 SCENIC DR, LONDON. This is for $549,900. Another 4 bedroom and 3 bathroom home is for sale at 6 LYSANDA AVE, LONDON. This 1500 to 2000 sq ft home is for $550,000.
Another 2 bedroom and 1 bathroom home is for sale at 482 HALES ST, LONDON. This amazing home is for $450,000. A 3 bedroom and 3 bathroom home of around 1100 to 1500 sq ft is for sale at 11 LINCOLN PL, LONDON. This is for $549,000. You can also buy a 2 bedroom and 1 bathroom home of 700 to 1100 sq ft is for sale at 128 STERLING ST, LONDON. This amazing home is for $489,900.
Features and Amenities
The city welcomes newcomers with reasonably priced homes, low crime rates, first-rate educational and medical facilities, culture, and lovely parks. Moreover, London homes are constructed with all the basic facilities and amenities including advanced kitchen features, gyms, parking lots, guest suites etc.
