Is New London County, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New London County has remained a Seller's Market.
Housing Prices in New London County, CT
How much do homes in New London County, CT cost?
Median Sold Price
$330,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New London County was $330,000 in April 2024, up 10% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $172.7K | +19.1% |
2 Bedrooms | $209.9K | $238K | +13.3% |
3 Bedrooms | $315K | $338.1K | +7.3% |
4 Bedrooms | $389.6K | $425.7K | +9.3% |
5+ Bedrooms | $323.3K | $372.5K | +15.2% |
Summary: New London County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Counties
Windham County | $286.8K | $319.4K | +11.4% |
Tolland County | $307.8K | $340.6K | +10.7% |
New London County | $300.1K | $330K | +10.0% |
Middlesex County | $342.5K | $363.4K | +6.1% |
Washington County | $549.9K | $558.5K | +1.6% |
Housing Supply in New London County, CT
How many homes are available in New London County, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
796 | 833 | +4.6% |
Summary: The New London County real estate market had 833 homes for sale in April 2024, a 4.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 26 | -18.8% |
2 Bedrooms | 155 | 171 | +10.3% |
3 Bedrooms | 347 | 363 | +4.6% |
4 Bedrooms | 171 | 182 | +6.4% |
5+ Bedrooms | 91 | 91 | 0.0% |
Summary: The New London County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
214 | 194 | -9.3% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
107 Homes Were Sold
Over Asking
Summary: A total of 194 homes were sold or pending in New London County in April 2024, down by 9.3% month-over-month. Of the 194 sold homes, 35% were sold under asking, 10% were sold at asking, and 55% were sold over asking.
Days on Market for New London County, CT
How long does it take to sell a home in New London County, CT?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 194 homes were sold in New London County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.