Is London, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, London was a Neutral Market.
Key Takeaway
London is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in London, OH
How much do homes in London, OH cost?
Median Sold Price
$280,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in London have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in London was $280,000 in March 2024, up 6.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.9K | - | N/A |
| 2 Bedrooms | $168.4K | $191.5K | +13.7% |
| 3 Bedrooms | $259.5K | $275K | +6.0% |
| 4 Bedrooms | $322.5K | $339.9K | +5.4% |
| 5+ Bedrooms | $359.9K | $518.7K | +44.1% |
Summary: London housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 44.1%.
Housing Supply in London, OH
How many homes are available in London, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 67 | +13.6% |
Summary: The London real estate market had 67 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 31 | 38 | +22.6% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The London housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 19 | +111.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in London, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in London in March 2024, up by 111.1% month-over-month. Of the 19 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% were sold over asking.
Days on Market for London, OH
How long does it take to sell a home in London, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 40 Days | -18.7% |
Summary: Homes in London had an average of 40 days on market in Mar 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in London are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in London; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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