Old South & Wortley Village, London, Ontario Real Estate (Updated October 5, 2026)
Neighbourhood Performance (South F + South G Combined): In September 2026, 16 homes sold across Wortley Village and Old South London, averaging $702,438—14.9% above the Greater London average of $611,509
Tighter Supply & Stronger Demand: Combined active listings stood at 48 against 26 new listings, producing a 61.5% Sales-to-New-Listings Ratio (SNLR) and 3.0 months of inventory, nearly twice as tight as Greater London’s 5.9 months.
Micro-Pocket Divergence (South F vs. South G): Market velocity differed sharply between the two MLS zones. South G recorded an 83.3% SNLR, 1.3 months of inventory, a $719,900 average price (up 22.3% year-over-year), a 98.1% sale-to-list ratio, and 17.0 median days on market. South F operated at a balanced pace with a 42.9% SNLR, 5.8 months of inventory, a $673,333 average price (down 4.7% year-over-year), a 96.9% sale-to-list ratio, and 30.5 median days on market.
September 2026 Market Brief
The September 2026 combined weighted average sold price of $702,438 across Old South and Wortley Village (MLS zones South F and South G) underscores why evaluating a single city-wide number can mislead property owners. In a neighbourhood where modest century bungalows and restored $2.3 million estates share the same postal codes, property values are governed by micro-location, lot depth, and architectural condition rather than broad city averages.
While Greater London recorded 5.9 months of inventory and a 34.7% sales-to-new-listings ratio in September 2026, Old South and Wortley Village combined for 3.0 months of inventory and a 61.5% sales-to-new-listings ratio across 16 completed sales and 26 new listings. Sellers across the combined area achieved a weighted 97.7% of list price in a weighted median of 22.1 days on market, compared to 96.9% and 34 days across Greater London.
Looking closely at the two distinct MLS zones reveals two different speeds of asset transition:
South G experienced high buyer competition in September 2026, with 10 sales against 12 new listings (83.3% SNLR) and only 13 active listings at month-end—leaving just 1.3 months of inventory. Homes sold in a median of 17.0 days (down from 36.5 days in September 2025) for 98.1% of asking price, pushing the monthly average price to $719,900 (+22.3% year-over-year) and the median price to $610,000 (+3.6% year-over-year).
South F offered buyers more selection, recording 6 sales from 14 new listings (42.9% SNLR, up from 22.7% in September 2025) and 35 active listings (5.8 months of inventory, down from 7.8 months a year earlier). South F properties achieved an average price of $673,333 (-4.7% year-over-year) and a median price of $670,000 (+21.8% year-over-year), selling at 96.9% of list price in a median of 30.5 days.
Year-to-Date Resilience (Jan–Sept 2026): Through the first nine months of 2026, South F and South G recorded a combined 144 sales and $91,230,212 in total dollar volume ($52,320,709 in South F across 85 sales at a $615,538 average; $38,909,503 in South G across 59 sales at a $659,483 average), yielding a combined YTD weighted average price of $633,543.
This data is from LSTAR (London St. Thomas Association of Realtors) and CREA (Canadian Real Estate Association)
| Market Metric (September 2026 Actual) | Greater London | Old South Combined | South F (Actual) | South G (Actual) |
| Sales to New Listings Ratio (SNLR) | 34.7% | 61.5% (16 sales / 26 new) | 42.9% (6 sales / 14 new) | 83.3% (10 sales / 12 new) |
| Months of Inventory (MOI) | 5.9 Months | 3.0 Months (48 active) | 5.8 Months (35 active) | 1.3 Months (13 active) |
| Average Sales Price | $611,509 | $702,438 ($11,239,000 vol.) | $673,333 ($4,040,000 vol.) | $719,900 ($7,199,000 vol.) |
| Sale to List Price Ratio % | 96.9% | 97.7%
| 96.9% (97.2% YTD) | 98.1% (98.6% YTD) |
| Median Days on Market (DOM) | 34.0 Days | 22.1 Days
| 30.5 Days (23.0 YTD) | 17.0 Days (16.0 YTD) |
| YTD Average Price (Jan–Sept 2026) | — | $633,543 (144 sales) | $615,538 (85 sales) | $659,483 (59 sales) |
Wortley Village & Old South Neighbourhood Overview: Protecting Value Across The Diverse Architecture
Wortley Village and Old South are among London’s most established and character-rich residential markets. Buyers targeting this community have often watched it for years, drawn by mature trees, sidewalks, Victorian and Edwardian streetscapes, and easy walkability to the independent shops and cafes along Wortley Road. Because newer subdivisions can't replicate that historic footprint, long-term homeowner value remains well insulated.
Active listings across South F and South G span from entry-level century cottages to executive residences priced between $849,900 and $2,300,000 on streets like Cathcart, Ridout Street South, Carfrae Crescent, Wortley Road, Beaconsfield Avenue, and Bruce Street. With a price spread that wide, a neighbourhood average of $702,438 is never a substitute for a street-specific valuation. Informed buyers in Old South know the recent comparable sales and recognize fair value immediately—rewarding properly positioned homes in South G with a 17.0-day median selling timeline and 98.1% of asking price, while testing ambitious pricing in South F, where inventory sits at 5.8 months.
