Oakridge London, Ontario Real Estate (Updated November 6, 2026)
Oakridge remains one of London’s most established residential areas, but a home's value depends heavily on which pocket of Oakridge it's in. While the original postwar bungalows present a different value proposition than the sprawling executive estates near the river, both require a careful, well-planned approach when selling or buying.
Pricing: While the Greater London market averaged $617,953 this October, Oakridge operates in its own distinct pricing bands. In the original Oakridge Acres, homes traded near an average of $606,104, while the upscale pockets of Hazelden/Riverside and Hazelden Park commanded average sale prices of $801,640 and $1,008,453, respectively.
Supply & Price Discipline: Inventory levels indicate that buyers are taking their time and negotiating firmly. Properties across the various Oakridge zones are on the market for 19 to 27 days, with sale-to-list ratios ranging from 96% to 97.8%.
Tale of Two Sub-Markets: Oakridge is sharply divided between accessible, mature properties in the east and premium estates in the west. In the older subdivisions, months of inventory ranged from 3.3 to 4.8, indicating a slower sales pace. Conversely, the Hazelden area saw inventory tighten to just 2.5 months, meaning high-end buyers are moving decisively when the right property appears.
Market Metrics (October 2026). Data source: London and St. Thomas Association of REALTORS® (LSTAR) and the Canadian Real Estate Association (CREA), November 2026.
| Metric | Oakridge Acres | Oakridge Crossing | Hazelden/Riverside | Hazelden Park | Greater London |
| Average Sale Price | $606,104 | $659,652 | $801,640 | $1,008,453 | $617,953 |
| Months of Inventory | 3.3 | 4.8 | 2.5 | 3.9 | 5.3 |
| Sale-to-List Ratio | 97.8% | 96.9% | 97.7% | 96% | 97.2% |
| Median Days on Market | 21 | 27 | 20 | 19 | 28 |
| Sales to New Listings | 45.9% | 36.8% | 53.4% | 42.9% | 38.8% |
Oakridge Neighbourhood Overview:
Oakridge is one of London's most established communities; oversized lots and decades of neighbourhood stability create a streetscape you can't build from scratch. The four LSTAR districts that make up Oakridge cover a range of home types — from classic bungalows and two-storey family homes to executive detached properties — so demand here draws from multiple demographics.
Newer pockets within Oakridge attract buyers who want the address and school catchment without the commitment to renovation. Luxury infill builds and updated executive homes sit alongside original mid-century properties, giving the neighbourhood a price range broad enough to accommodate move-up buyers, downsizers, and everyone in between. That house diversity stabilizes the market — when one segment softens, another absorbs the demand.
What buyers are paying for in Oakridge is not just square footage — it's the combination of location, lot, school district, and community permanence that cannot be replicated in a new subdivision.
