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Featured local agent — New London, CT
Sarah Mitchell
Compass Real Estate · New London, CT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New London, CT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$346,500median sale price
How is the New London, CT housing market right now?
The median home sale price in New London, CT is $346,500, up 22.4% year-over-year. Homes sell in an average of 38 days with 41 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New London a buyer's or seller's market?
New London, CT is currently a seller's market, based on 2.4 months of supply and homes selling in about 38 days. How we determine this →
Homes sold
17
Last 12 weeks
Days on market
38
Average pace
Active listings
41
2.4 months supply
Sale-to-list
102.4%
Above asking
What does the New London housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $346,500 |
| Median list price | $279,900 |
| Year-over-year price change | +22.4% |
| Average days on market | 38 days |
| Active inventory | 41 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 102.4% |
| Median price per sq ft | $208/sq ft |
| Homes sold (latest month) | 17 |
| New listings (latest month) | 17 |
| Listings with a price cut | 24.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New London by property type?
How the New London, CT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $365,000 | $220/sq ft | 10 | 29 days |
| Condo / Co-op | $234,000 | $219/sq ft | 3 | 46 days |
Source: Redfin · Updated monthly
The New London housing market is currently classified as a seller's market with a median sale price of $346,500. Prices have risen 22.4% compared to last year, with homes spending an average of 38 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.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in New London
There are currently 41 homes listed for sale in New London, Connecticut. The median listing price is $280K.
Active listings
41
Homes on market
Median list price
$280K
Avg. days on market
38
Days until sale
New this week
17
Newly listed
Who lives in New London?
Population
27,199
Median income
$60,123/yr
Median age
35.1 years
Owner-occupied
40.1%
College grads
28.9%
Avg commute
20.1 min
Source: U.S. Census Bureau ACS
What are homes worth in New London?
Zillow home value
$332,807
Zillow rent index
$1,586/mo
Price-to-rent ratio
17.5x
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in New London?
New London is a community of approximately 27K residents with a median age of 35.1 years.The median household income is $60,123, which represents a working-class community with solid middle-income opportunities. 28.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 40.1%, showing a blend of owner and renter-occupied properties. The average commute time is 20.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New London offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New London?
10 schools tracked · 3,608 students
The largest public schools serving New London, CT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
New London High School
Grades 9-12 · 593 students
Regional Multicultural Magnet School
Grades K-5 · 495 students
Winthrop STEM Elementary Magnet School
Grades K-5 · 479 students
Nathan Hale Arts Magnet School
Grades K-5 · 471 students
C.B. Jennings International Elementary Magnet
Grades K-5 · 463 students
Bennie Dover Jackson Middle School
Grades 6-8 · 330 students
Interdistrict School For Arts And Communication
Grades 6-8 · 279 students
New London Visual and Performing Arts Magnet School
Grades 6-12 · 234 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New London, CT?
Want a head-to-head view? Compare New London side-by-side with any other U.S. city using our market-comparison tool.
Is New London a good real estate investment market?
For investors evaluating New London, the price-to-rent ratio of 17.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 22.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New London's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New London's median home price.
Frequently asked questions
What is the average home price in New London?
The median home sale price in New London is $346,500, up 22.4% from last year.
How long do homes stay on market in New London?
Homes typically spend 38 days on market before going under contract.
What is the median income in New London?
The median household income is $60,123 per year.
Is New London a buyer's or seller's market?
With 2.4 months of supply, New London is currently a seller's market.
What is the Zillow home value estimate for New London?
The Zillow Home Value Index (ZHVI) for New London is $332,807, representing the typical home value in the area.
What is the median condo price in New London?
The median condo/co-op sale price in New London, CT is $234,000, compared to $365,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New London?
The median single-family home price in New London, CT is $365,000 (about $220 per square foot).
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