The State of the Real Estate Market in Old East Village, London, Ontario

If you're thinking of buying or selling a home in London, Ontario's Old East Village neighbourhood, then you'll want to read this blog post! We've compiled real estate market statistics for the area, so that you can have all the information you need to make an informed decision. Whether you're a home buyer or seller, these stats will give you an idea of what to expect from the local market.

Old East Village is a historic neighbourhood located in London, Ontario. The area is known for its many Victorian-style homes, as well as its vibrant arts and culture scene. According to the London and St. Thomas Association of Realtors, the average price of a home in Old East Village was $455,700 in 2021 - an increase of 25.6% from 2020 and 19.9% in 2022 to $546,225. The average price per square foot was $394 in 2022, up from $374 the previous year.

The average days on market (DOM) for a home in Old East Village was 21 days in 2021, up from 4 the year before and currently, in 2022 the average days on market in Old East Village is 30 days. This indicates that homes are selling relatively quickly in the area. In terms of sales-to-listings ratio, Old East Village is currently a sellers' market moving towards a balanced market. This means that there are more buyers searching for homes than there are homes available on the market - making it a good time to sell if you're thinking about it!

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Median Price of Homes for Sale in Old East Village

Average Price of a Home for Sale in Old East Village

Number of Homes Sold in Old East Village

Average Days on Market in Old East Village

Months Supply of Homes for Sale in Old East Village