Is New London, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New London is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, New London has remained a Buyer's Market.

Key Takeaway

New London is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in New London, WI

How much do homes in New London, WI cost?

Median Sold Price

$237,450

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$49,500(+26.3%)

Key Takeaway

Homes in New London have sold for 26.3% more than they did a year ago.

Summary: The median home sold price in New London was $237,450 in February 2024, up 26.3% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$86.4K
N/A
2 $178.5K$159.9K
-10.4%
3 $191.7K$239.9K
+25.1%
4 $194.9K$275K
+41.1%
5+ $475.7K$275K
-42.2%

Summary: New London housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 41.1%, and 5+ bedroom homes decreased by 42.2%.

Housing Supply in New London, WI

How many homes are available in New London, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2833+17.9%

Summary: The New London real estate market had 33 homes for sale in February 2024, a 17.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 23
+50.0%
2 69
+50.0%
3 1516
+6.7%
4 54
-20.0%
5+ 01
+100.0%

Summary: The New London housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New London, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in New London in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for New London, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in New London, WI

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