Market Report September 2026 · London & St. Thomas, Ontario · Single-family detached · Source: LSTAR

London Ontario Real Estate Market Report — September 2026

442 single-family detached homes sold across London and St. Thomas in September, up 0.9% from September 2025. The average price was down 0.3% from last year, inventory eased to 5.5 months, and homes took a median of 32 days to sell. Here is what the numbers mean.

Eric Cassidy, REALTOR® in London, Ontario
Eric Cassidy
REALTOR® · Royal LePage Triland Realty, Brokerage · About Eric
Sales (single-family)
442
↑ 0.9% vs September 2025
Average Price
654K
↓ 0.3% vs September 2025
Active Listings
2,421
↓ 6 vs Aug
Months of Inventory
5.5
vs 6.0 in August
Balanced
Eric's Read

What September's numbers actually mean

September steadied compared with August. Sales recovered to 442 from 402, up 0.9% from last year, and the average price of $654,008 was essentially level with September 2025 (down 0.3%). Months of inventory eased to 5.5 from 6.0. Speed and price relative to list moved the other way: the median days on market rose to 32, four days slower than last September, and the average sale-to-list ratio slipped to 96.9%, the lowest of the six months in this series.

📋If you're thinking about selling

Homes took longer to sell and closed about 3.1% below list on average. Sellers who started with an accurate price got offers; those who started high gave up time and often price. September is a good month to correct a listing that is not working.

🔑If you're thinking about buying

At 96.9% of list price on average and 32 median days, September offered the most negotiating room of the period. Buyers with a clear budget and pre-approval can use the extra time, as long as they stay realistic on well-priced homes.

Single-Family Detached · September 2026

The key numbers at a glance

Volume
442
Single-family homes sold
↑ 0.9% yr/yr
Pricing
$654K
Average sale price
↓ 0.3% yr/yr
Pricing
$599K
Median sale price
$598,700
Days on Market
32
Median days to sell
28 days in September 2025
Sale-to-List
96.9%
Average sale price vs asking
New Listings
1,221
New listings in September
36.2 sales per 100 new
Active Listings
2,421
Homes on market at month-end
Inventory
5.5
Months of inventory
Balanced range: 4–6

Source: LSTAR Residential Market Activity Report, September 2026 (single-family detached; London and St. Thomas area). Figures are historical, may be revised, and are for information only.

Single-Family Detached · September 2026

Price, speed and supply in detail

The three numbers most buyers and sellers ask about: what homes are selling for, how long they take, and how much choice buyers have.

💰 Price
$654,008
Average sale price · September 2026
Median sale price $598,700
Avg price vs September 2025 ↓ 0.3%
Sales 442
⏱ Time to Sell
32 days
Median days on market · September 2026
September 2025 median 28 days
Average sale-to-list 96.9%
Sales vs September 2025 ↑ 0.9%
🏡 Supply & Demand
5.5 months
Months of inventory · September 2026
Active listings 2,421
New listings 1,221
Sales per 100 new listings 36.2
Sales 442
Historical Context

Where September sits in the 2026 series

Sales — April to September 2026 (single-family detached)
Apr
470
May
590
Jun
577
Jul
526
Aug
402
Sep
442
Median days on market — April to September 2026
Apr
21 days
May
21 days
Jun
22 days
Jul
29 days
Aug
27 days
Sep
32 days

Each bar is one month of single-family detached data from LSTAR. Median days on market in September 2025 was 28 days.

Market Conditions

Where does London sit right now?

0 4 8+ Seller's Balanced Buyer's
5.5 months
Single-family detached · London & St. Thomas · September 2026
Seller's Market — Under 4 months
Sellers have leverage. Multiple offers are common, and homes sell quickly and often above asking.
Balanced — 4–6 months ← We are here
London and St. Thomas single-family detached homes sit at 5.5 months, in the balanced range. Inventory eased from August's 6.0 as sales recovered.
Buyer's Market — Over 6 months
Buyers hold the leverage. Larger price reductions and longer days on market are typical.
Straight Answers

What buyers and sellers are asking right now

Is the London Ontario real estate market going up or down in September 2026?
Single-family detached prices in the LSTAR area (London and St. Thomas) were lower year-over-year. The average sale price was $654,008 in September 2026, 0.3% below September 2025, and the median was $598,700. Sales were up 0.9% year-over-year, and the average price was 0.3% lower than September 2025. With 5.5 months of inventory, conditions are balanced.
How long does it take to sell a home in London Ontario right now?
The median days on market for single-family detached homes in September 2026 was 32 days, compared with 28 days in September 2025. That is four days slower than a year ago and the longest median of the six months in this series. Homes sold for an average of 96.9% of list price.
What is the average home price in London Ontario in September 2026?
In September 2026 the average sale price for single-family detached homes in the LSTAR area (London and St. Thomas) was $654,008, 0.3% below September 2025. The median sale price was $598,700. The average moves with the mix of homes sold in a month, so the median is a useful second reference.
Is now a good time to buy or sell a home in London Ontario?
That depends on your timeline, finances and the specific home. September inventory eased to 5.5 months, but homes took longer to sell (32 median days) and closed at 96.9% of list price on average. Buyers had room to negotiate; sellers benefited from accurate pricing from day one.
Frequently Asked

More questions about the London market

What does "months of inventory" actually mean?
Months of inventory tells you how long it would take to sell all current listings at the current rate of sales, with no new listings added. Under 4 months is generally a seller's market, 4–6 months is balanced, and over 6 months favours buyers. Single-family detached homes in the LSTAR area stood at 5.5 months in September 2026.
Why does this report cover single-family detached homes only?
Single-family detached homes are the segment most London and St. Thomas buyers and sellers are asking about, and a single set of consistent metrics is easier to follow month to month. Condominium, townhouse and apartment markets can move differently. If you want numbers for a specific property type or neighbourhood, ask Eric directly.
What do median days on market and sale-to-list ratio mean?
Median days on market is the middle number of days it took homes to sell, so half sold faster and half took longer. The sale-to-list ratio compares the final sale price with the asking price: 96.9% means homes sold, on average, for about 3.1% less than list.
Where does Eric Cassidy get this market data?
All statistics in this report come from the London and St. Thomas Association of REALTORS® (LSTAR) monthly Residential Market Activity Report for September 2026, using the single-family detached figures. Figures are historical, may be revised by LSTAR, and are for information only; they are not a valuation of any property or a forecast.

What does this market mean for your home?

Numbers are useful. A conversation about your specific home, neighbourhood and timeline is more useful. Eric gives you an honest read — no pressure, no obligation.

Get a Free Home Evaluation Talk to Eric

Eric Cassidy, REALTOR® · Royal LePage Triland Realty, Brokerage · (519) 871-4536

Past Reports
February 2026 April 2026 May 2026 June 2026 July 2026 August 2026 September 2026 All market reports →