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Featured local agent — New London, MN
Sarah Mitchell
Compass Real Estate · New London, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New London, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$387,450median sale price
How is the New London, MN housing market right now?
The median home sale price in New London, MN is $387,450, up 78.5% year-over-year. Homes sell in an average of 208 days with 4 active listings. The market is currently a balanced 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, MN is currently a balanced market, based on 2.0 months of supply and homes selling in about 208 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
208
Average pace
Active listings
4
2.0 months supply
Sale-to-list
99.7%
Below asking
What does the New London housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $387,450 |
| Median list price | $325,000 |
| Year-over-year price change | +78.5% |
| Average days on market | 208 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $192/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 100.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in New London by property type?
How the New London, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $429,900 | $184/sq ft | 1 | 128 days |
| Condo / Co-op | $195,000 | $144/sq ft | 1 | 57 days |
| Townhouse | $345,000 | $200/sq ft | 1 | 287 days |
Source: Redfin · Updated monthly
The New London housing market is currently classified as a balanced market with a median sale price of $387,450. Prices have risen 78.5% compared to last year, with homes spending an average of 208 days on market, indicating 2.0 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 5.2x provides context for how home values compare to local earning capacity.
Homes for sale in New London
There are currently 4 homes listed for sale in New London, Minnesota. The median listing price is $325K.
Active listings
4
Homes on market
Median list price
$325K
Avg. days on market
208
Days until sale
New this week
3
Newly listed
Who lives in New London?
Population
1,156
Median income
$66,830/yr
Median age
36.7 years
Owner-occupied
70.4%
College grads
36.9%
Avg commute
20.6 min
Source: U.S. Census Bureau ACS
What are homes worth in New London?
Zillow home value
$346,195
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in New London?
New London is a community of approximately 1K residents with a median age of 36.7 years.The median household income is $66,830, which represents a working-class community with solid middle-income opportunities. 36.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.6 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?
4 schools tracked · 1,532 students
The largest public schools serving New London, MN 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.
PRAIRIE WOODS ELEMENTARY
Grades PK-4 · 590 students
NEW LONDON-SPICER SR.
Grades 9-12 · 467 students
NEW LONDON-SPICER MIDDLE
Grades 5-8 · 462 students
NEW LONDON ALTERNATIVE SCHOOL
Grades 9-12 · 13 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, MN?
Want a head-to-head view? Compare New London side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New London?
The median home sale price in New London is $387,450, up 78.5% from last year.
How long do homes stay on market in New London?
Homes typically spend 208 days on market before going under contract.
What is the median income in New London?
The median household income is $66,830 per year.
Is New London a buyer's or seller's market?
With 2.0 months of supply, New London is currently a balanced market.
What is the Zillow home value estimate for New London?
The Zillow Home Value Index (ZHVI) for New London is $346,195, 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, MN is $195,000, compared to $429,900 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, MN is $429,900 (about $184 per square foot).
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