Is New London, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, New London has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $86.4K | N/A |
2 Bedrooms | $178.5K | $159.9K | -10.4% |
3 Bedrooms | $191.7K | $239.9K | +25.1% |
4 Bedrooms | $194.9K | $275K | +41.1% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 33 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 1 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 4 | -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
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