London Housing Market Report May 2025•Madison County, Ohio

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Housing Prices in London, OH

How much do homes in London, OH cost?

Housing Market Conditions

Is London, OH a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

London is a Seller's Market

Difference Since May 2024

Since last year, London has remained a Seller's Market.

Insight

London is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$275,000$187/SqFt
-$37,000
-11.9%

Based on all homes sold in the last 12 months

Insight

Homes in London have sold for 11.9% less than they did a year ago.

Summary: The median home sold price in London was $275,000 in May 2025, down 11.9% from last year, and the median price per square foot was $187.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Union Township
-10.3%
London
-11.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1-$196.7K
N/A
2$193K$227K
+17.6%
3$311K$269.9K
-13.2%
4$349.9K$380K
+8.6%
5$465.8K$900K
+93.2%

Summary: London housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +17.6%. The home price for 3 bedroom homes decreased by -13.2%. The home price for 4 bedroom homes increased by +8.6%. The home price for 5 bedroom homes increased by +93.2%.

How does London, OH compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

London, OH

Housing supply in London, OH

How many homes are available in London, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
89Last MonthMay 2025
842 months agoApr 2025
+6.0 %
Change MoMApr – May

Summary: The London real estate market had 89 homes for sale in May 2025, a 6.0 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
29Last MonthMay 2025
262 months agoApr 2025
+11.5 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
21112
+9.1%
34949
0.0%
42022
+10.0%
546
+50.0%

Summary: London housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +9.1%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +10.0%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in London, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price1 Home

Under Asking Price21 Homes

Insight

If you're buying a home in London, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in London in May 2025, up by 11.5% month-over-month. Of the 29 sold homes, 72% were sold under asking, 3% were sold at asking, and and 24% were sold over asking.

Days on Market for London, OH

How long does it take to sell a home in London, OH?

Breakdown of Home Sale Times

Under 30 Days18 Homes

30 – 90 Days6 Homes

Over 90 Days4 Homes

Insight

Many homes in London are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 29 homes were sold in London; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
34 DaysThis YearMay 2025
47 Days1 year agoMay 2024
-26.3 %
Change YoYMay 2024 – May 2025

Summary: Homes in London had an average listing age of 34 days in May 2025, down by 26.3% compared to the previous year.

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Newest Listings in London, OH

What homes are available in London, OH?

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Nearby markets aren't available for London, OH

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MLS Disclaimers and Copyright

Based on information from Columbus and Central Ohio Regional MLS, Western Regional Information Systems and Technology Inc., and Dayton MLS for the period 06/01/2023 - 06/01/2025

IDX The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

Copyright © 2025 Columbus and Central Ohio Regional Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 12:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information is provided by Western Regional Information Systems and Technology, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Western Regional Information Systems and Technology, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 12:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThis information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 DABR MLS. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.