Are home prices dropping in Leamington, Ontario? The average home price in Leamington fell 15.3% year-over-year to $471,152 in July 2026 — but the MLS® Home Price Index, which adjusts for the mix of homes sold, is actually up 1.5% over the same period, suggesting underlying values have held closer to steady.
Leamington’s July numbers look rough at first glance: fewer sales, average price down double digits, homes taking longer to sell. But there’s a real gap between what the average price is doing and what the benchmark index says about actual home values — and that gap is the story worth understanding if you’re buying or selling here.
Sales Activity in Leamington
28 homes sold in Leamington in July 2026, down 6.7% from 30 a year earlier. New listings dropped more sharply, down 15.5% to 60. Active listings were also down 8.0% to 126.
Year-to-date, Leamington has seen 173 sales in 2026, down 10.4% from 193 over the same period in 2025, on 441 new listings compared to 482 last year. Both sides of the market — buyers and sellers — have pulled back at a similar pace this year.
Leamington Home Prices: Average Down, Benchmark Up
The average sale price in Leamington in July 2026 was $471,152, down 15.3% from a year earlier. Median price told a similar story at $437,500, down 12.9%.
Here’s the part that changes the picture: the MLS® Home Price Index composite benchmark for Leamington sits at $558,800, up 1.5% year-over-year. The single-family benchmark is up 2.7% to $576,100. Because the benchmark controls for the type and size of homes actually selling, while the average and median just reflect whatever closed that particular month, this points to a mix shift — fewer higher-priced homes sold in July — rather than a genuine 15% drop in what any given Leamington home is worth.
Homes did take longer to sell: median days on market was 23.0, up from 14.0 a year ago. And the sale-to-list price ratio held close to steady at 99.6%, only a touch below last year’s 100.9% — homes are still selling right around asking price, not at a steep discount.
Months of inventory sat at 4.5, essentially flat with last year’s 4.6 — so this isn’t a market that’s suddenly flooded with unsold homes either.
What This Means If You’re Selling in Leamington
Don’t panic over the average-price headline — it’s telling you what mix of homes sold last month, not necessarily what your home is worth. The sale-to-list ratio near 100% and a fairly steady months-of-inventory number both suggest properly priced Leamington homes are still finding buyers close to asking. The one thing to plan for: homes are taking longer to sell than they were a year ago, so build that into your timeline.
What This Means If You’re Buying in Leamington
Fewer new listings means less to choose from, but sales are also down, so you’re not fighting the same level of competition you might have a year or two ago. With days on market up and the benchmark index showing values holding fairly steady, this is a market where patience and a realistic offer can work in your favour — without needing to expect a steep discount. If you’re relocating from out of town, my Relocating to Leamington guide covers what to expect beyond the listings themselves.
Curious how Leamington compares to nearby Kingsville, which is seeing a very different sales trend right now? Take a look at Living in Kingsville Ontario 2026 or my July 2026 Kingsville market update [link: add once live].
FAQ
Is it a good time to buy in Leamington, Ontario? Sales have slowed and homes are taking longer to sell, giving buyers a bit more breathing room — but the benchmark price index shows underlying values have held roughly steady, so it’s not a market where you should expect dramatic discounts.
How long does it take to sell a home in Leamington? The median days on market in July 2026 was 23.0 days, up from 14.0 days a year earlier.
Are home prices dropping in Leamington? The average sale price is down 15.3% year-over-year, but the MLS® Home Price Index — which adjusts for the mix of homes sold — is up 1.5% year-over-year. The average-price drop reflects which homes happened to sell this month more than a broad decline in value.
How much does a house cost in Leamington, Ontario? The median sale price in July 2026 was $437,500, and the average was $471,152. The MLS® Home Price Index composite benchmark — a steadier read on typical value — sits at $558,800.
Is Leamington a good place to invest in real estate? Leamington’s benchmark home values have held roughly steady over the past year despite a softer month of headline sales activity, and it remains one of the more affordable communities in Windsor-Essex relative to the county-wide average.
Where is Leamington, Ontario located? Leamington sits on the north shore of Lake Erie in Essex County, roughly 45 minutes southeast of Windsor. Known as the Tomato Capital of Canada, it’s also the gateway to Point Pelee National Park.
Thinking About Buying or Selling in Leamington?
I live in this region and work Leamington closely — I know what’s actually moving and what’s sitting. If you want a read on what your Leamington home could sell for in today’s market, reach out. Linda Hakr, REALTOR® with Jump Realty Inc., ranked #1 in Leamington on RateMyAgent. Call 519-654-6695 or visit lindahakrrealtor.ca.
Cheers, Linda Hakr, REALTOR®