Here is an update on the Oakridge London Ontario real estate market, including Oakridge Acres, Oakridge Meadows, Oakridge Park, Riverside Gardens, Hazelden North & Hazelden Park in northwest London; see what is for sale now on MLS.
More and more people are returning to their roots, buying these homes in Oakridge where they grew up, having large, deep lots and renovating them to meet their ageing lifestyles. I have had many clients buy these 60’s and 70’s homes and upgrade them with modern kitchens, more oversized bedrooms and bathrooms.
A Summary of Sold History For Houses, Townhouses, Townhomes & Apartment Condos in Oakridge London Ontario
In 2021, as of October 1, 220 houses in Oakridge sold through MLS, averaging six days on the market and selling for 111.59% of the asking price. The low being $529,000, the high $1,500.000.
Eight apartment condos changed hands, averaging seven days on the market and selling for a median of 104.04% of the asking price, the lowest $355,000, the highest $500,000. The median price per square foot was $331.00.
109 townhouses or townhomes in Oakridge changed hands as well, averaging six days to sell for 107.47% of the asking price, the low being $335,000, the high $875,000.
As you can see, real estate in Oakridge, like the rest of London, Ontario, remains a seller’s market!