Is London, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, London has remained a Seller's Market.
Housing Prices in London, OH
How much do homes in London, OH cost?
Median Sold Price
$286,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in London was $286,000 in April 2024, up 7.9% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204.9K | - | N/A |
2 Bedrooms | $170K | $201.5K | +18.5% |
3 Bedrooms | $257.2K | $284.2K | +10.5% |
4 Bedrooms | $330K | $325.4K | -1.4% |
5+ Bedrooms | $379.9K | $518.7K | +36.5% |
Summary: London housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 36.5%.
Median Sold Price Compared To Nearby Cities
Union Township | $229.9K | $325K | +41.4% |
London | $265K | $286K | +7.9% |
Housing Supply in London, OH
How many homes are available in London, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 81 | +11.0% |
Summary: The London real estate market had 81 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 44 | 47 | +6.8% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The London housing inventory by bedroom type for April 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 6.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 14 | -26.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in London in April 2024, down by 26.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 47 Days | +88.2% |
Summary: Homes in London had an average of 47 days on market in Apr 2024, up by 88.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in London; 64% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.