Detached Homes for Sale in London
Under $500K
Fully freehold land + structure. Highest long-term appreciation, full renovation flexibility, and the strongest move-up buyer demand in the Ontario market. Median list price in London this band: $475K · 37 active · avg 39 days on market.
37 active · median $475K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Detached Homes in London Under $500K
37 active · median $475K
Median List Price
$475K
Active Listings
37
Avg Days on Market
39 days
YoY Change
-5.0%
6-Month Median Price Trend
Dec
$462K
Jan
$463K
Feb
$477K
Mar
$471K
Apr
$468K
May
$468K
What is the average detached price in London in 2026?
The benchmark price for a detached in London in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 37 active listings, moving in an average of 39 days on market. Prices are down 5.0% year-over-year.
Is London a buyer's or seller's market right now?
London is currently a buyer's market for detacheds in this band. Listings are sitting 39 days on average and prices are 5.0% lower year-over-year. Buyers have negotiating leverage on price, closing date, and condition periods.
Families helped in London
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What $475K gets you in London.
Detacheds in London priced under $500k are tracking against a CREA MLS® HPI benchmark of $624K for the london st thomas area. Within this band the median list comes in near $475K — down 5.0% year-over-year. Active inventory is moving in roughly 39 days.
Typical Size
1,800–3,500 sqft
Bedroom Range
3–5 bedrooms
Ownership Style
freehold
Sample comparables in this band.
$467K
$467K
$498K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these detached homes are clustered in London.
Keep exploring London.
Other price ranges
Other property types
London Detached FAQ
What is the median price for detached homes in London under $500k?
As of 2026-05-01, the median list price for detached homes in London priced under $500k sits at approximately $475K based on active MLS inventory.
How many detached homes are currently for sale in London in this price range?
There are roughly 37 active detached homes for sale in London priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do detached homes stay on the market in London?
Detached Homes in London priced under $500k are averaging 39 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are London detached prices going up or down?
Year-over-year median detached prices in London (this band) are down 5.0%. Six-month trend data is available on this page.
What mortgage do I need to buy a detached at this price in London?
On a $475K purchase with 20% down, you'd carry a mortgage of about $380K. At today's qualifying rate (~5.45%) on a 25-year amortization, that's roughly $2,322 / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
Get the Live List — 37 active, median $475K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed London advisor within 1 business hour.
Detached Homes in London Under $500K
Median $475K · 37 active · 3.95% 5-yr fixed
Get pre-approved for a $380K mortgage.
Based on $475K median list × 20% down. Compare offers from 50+ Canadian lenders. No hard credit check. Pre-approval letter within 1 business hour — same letter sellers see in multi-offers.