New London, CT

Strong seller's market+13.1% YoY

Housing market overview · Updated weekly

$345,000median sale price

Homes sold

11

Last 12 weeks

Days on market

30

Average pace

Active listings

26

2.4 months supply

Sale-to-list

108.1%

Above asking

The New London housing market is currently classified as a strong seller's market with a median sale price of $345,000. Prices have risen 13.1% compared to last year, with homes spending an average of 30 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

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Frequently asked questions

What is the average home price in New London?

The median home sale price in New London is $345,000, up 13.1% from last year.

How long do homes stay on market in New London?

Homes typically spend 30 days on market before going under contract.

Is New London a buyer's or seller's market?

With 2.4 months of supply, New London is currently a strong seller's market.

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