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Featured local agent — New London, TX
Sarah Mitchell
Compass Real Estate · New London, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New London, TX Housing Market
The last median sale price Redfin published was $180,000 (through May 2026). With 0.7 months of supply and homes going under contract in about 41 days, New London is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $180,000 home is about $961/mo in principal and interest.
Key numbers for New London, TX
Median sale price
$180,000
Last published period
Redfin, through April 2026
Days on market
41
Average pace
Redfin, through April 2026
Active listings
2
0.7 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$50,909
Home costs 3.5x income
U.S. Census ACS, 2023
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is New London a buyer's or seller's market?
New London, TX is a seller's market, based on 0.7 months of supply and homes selling in about 41 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the New London housing market data show?
Every row below is Redfin's final published month for New London, TX. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $180,000 |
| Median list price | $219,900 |
| Median price per sq ft | $107/sq ft |
| Median days on market | 41 days |
| Active inventory | 2 listings |
| Months of supply | 0.7 months |
| Homes sold (that month) | 3 |
| New listings (that month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for New London is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in New London is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have New London home prices moved?
Across the 29 months we hold for New London, TX, the median sale price rose 38.6%, from $129,900 in April 2021 to $180,000. 50.0% of New London listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in New London?
Priced off the median sale price of $180,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $36,000 | $144,000 | $961/mo |
| 5% | $9,000 | $171,000 | $1,141/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $961, that implies roughly $41,183 a year before you add taxes and insurance. The median household in New London earns $50,909, about $9,726 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.5x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in New London in the next 12 months?
Tell us your timeline. We send the New London market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in New London?
Zillow does not publish a rent index (ZORI) for New London, TX, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in New London?
Active listings in New London, TX went from 2 in July 2023 to 2 in April 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| September 2023 | 4 | 4 |
| October 2023 | 2 | not published |
| November 2024 | 7 | not published |
| December 2024 | 6 | not published |
| February 2025 | 5 | not published |
| July 2025 | 9 | 3 |
| August 2025 | 7 | not published |
| September 2025 | 7 | 1 |
| October 2025 | 3 | 1 |
| November 2025 | 3 | not published |
| January 2026 | 3 | 1 |
| April 2026 | 2 | 1 |
Redfin, through April 2026
How does New London compare to Texas and the U.S.?
New London homes sell for $180,000 — 49% below the Texas median of $356,100. Against the national median of $410,700, New London runs 56% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| New London, TX | $180,000 | not published | 41 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in New London
What buyers should watch
- Months of supply, currently 0.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 50.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $180 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $180,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median New London listing goes under contract in 41 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month New London added 1 new listings against 3 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside New London varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in New London
There are currently 2 homes listed for sale in New London, Texas. The median listing price is $220K.
Active listings
2
Homes on market
Median list price
$220K
Avg. days on market
41
Days until sale
New this week
1
Newly listed
How much do homes cost in New London by property type?
How the New London, TX market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $180,000 | $107/sq ft | 3 | 41 days |
Who lives in New London?
American Community Survey estimates for New London. U.S. Census ACS, 2023
Population
1,198
Households
446
Median income
$50,909/yr
Median age
51.5 years
Owner-occupied
93.3%
Median home value
$169,400
Median gross rent
$581/mo
Mean commute
32.9 min
93.3% of occupied homes in New London are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve New London?
4 schools tracked · 1,013 students
The largest public schools serving New London, TX 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.
WEST RUSK H S
Grades 8-12 · 349 students
WEST RUSK MIDDLE
Grades 6-8 · 244 students
WEST RUSK EL
Grades PK-2 · 217 students
WEST RUSK INT
Grades 3-5 · 203 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, TX?
Ordered by distance from New London, not by size. Compare New London side by side with any of them.
New London housing market FAQ
Is New London a buyer's or seller's market?
New London, TX is currently a seller's market. That read comes from 0.7 months of supply, homes going under contract in about 41 days in the last month Redfin published (May 2026).
How much do homes cost in New London?
The median sale price in the last month Redfin published was $180,000, about $107 per square foot.
Is New London cheaper than the rest of Texas?
New London's median sale price of $180,000 is 49% lower than the Texas statewide median of $356,100, and 56% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in New London?
Homes in New London, TX spent a median of 41 days on market before going under contract, versus 56 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in New London?
At the current 30-year fixed rate of 7.03%, 20% down on a $180,000 home is about $961 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $41,183 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $50,909.
Are home prices rising in New London?
We do not hold a complete 12-month value series for New London, TX yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in New London?
New London ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in New London?
That depends on your timeline, not on a headline. What the data says today: New London, TX is a seller's market with 0.7 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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