London’s housing market showed interesting trends in October 2025, with new data revealing average prices across different property types and some surprising sales that have locals talking.
According to recent analysis of October sales data, detached homes in London averaged $653,864 based on 243 sales, while townhomes came in at $475,739 across 68 transactions. Condominiums averaged $466,750 with 29 sales recorded for the month.
Record-Breaking Wortley Village Penthouse
The most talked-about sale was a Wortley Village penthouse condo that sold for a record $2.25 million. The luxury unit comes with monthly condo fees of $1,846, making it a significant investment for the buyer.
Argyle Neighbourhood Activity
The Argyle area saw continued interest from buyers, with local residents contributing to October’s sales figures. This established neighbourhood remains popular among those looking for detached homes in the city.
South London Purchases Under $500K
Areas south of Commissioners Road continue to attract buyers seeking value, with properties like a three-bedroom, one-bathroom bungalow selling for $475,000. The Frontenac area represents opportunities for those looking to enter the market at lower price points.
First-Time Buyer Support Returns
London council has reinstated the first-time home buyer scheme, offering a 5% loan up to $25,000 for houses priced at $500,000 or less. This program aims to help new buyers enter the market, particularly in neighbourhoods where detached homes are available under the $500,000 threshold.
Market Trends in Different Price Ranges
The data suggests London’s housing market is experiencing a split between different buyer segments. While luxury properties over $800,000 continue to sell regularly, there’s also consistent activity in the first-time buyer market for properties under $500,000.
Neighbourhoods like East London, OEV Village, Hamilton Road, and Carling are seeing particular attention from buyers looking for homes under $400,000, especially properties around 1,000 square feet that may require some updates.
The October data reflects ongoing market dynamics as London heads into the traditionally slower winter selling season. Local online discussions have highlighted the contrast between current prices and historical costs, with some residents sharing memories of significantly lower prices from previous decades.