Is New London, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New London has remained a Seller's Market.
Housing Prices in New London, WI
How much do homes in New London, WI cost?
Median Sold Price
$225,100
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New London was $225,100 in March 2024, up 18.5% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $98K | N/A |
2 Bedrooms | $164.2K | $158.4K | -3.5% |
3 Bedrooms | $195K | $237.4K | +21.8% |
4 Bedrooms | $207.5K | $275K | +32.5% |
5+ Bedrooms | $475.7K | $275K | -42.2% |
Summary: New London housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 32.5%, 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Summary: The New London real estate market had 38 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 16 | 23 | +43.8% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The New London housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 43.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in New London in March 2024, up by 200.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% 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