$4,274 Closing Credit*
$359,900
2,134 SqFt
4 Beds
•2 Full Baths
Sherry Borgeson, Listing Office: Berkshire Hathaway NE Prop.
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 November 2023
Since last year, New London County has remained a Seller's Market.
Key Takeaway
New London County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New London County, CT
How much do homes in New London County, CT cost?
Median Sold Price
$351,369
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,373(+9.8%)
Key Takeaway
Homes in New London County have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in New London County was $351,369 in November 2024, up 9.8% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $177K | +11.7% |
| 2 Bedrooms | $224.3K | $250K | +11.4% |
| 3 Bedrooms | $329.6K | $364.5K | +10.6% |
| 4 Bedrooms | $420K | $450K | +7.2% |
| 5+ Bedrooms | $342.5K | $390K | +13.9% |
Summary: New London County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Counties
| Washington County | $537.4K | $615.1K | +14.5% |
| Middlesex County | $352.3K | $393.1K | +11.6% |
| New London County | $319.9K | $351.3K | +9.8% |
| Tolland County | $329.9K | $359.9K | +9.1% |
| Windham County | $305.3K | $330K | +8.1% |
Housing Supply in New London County, CT
How many homes are available in New London County, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,073 | 929 | -13.4% |
Summary: The New London County real estate market had 929 homes for sale in November 2024, a 13.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 36 | -10.0% |
| 2 Bedrooms | 212 | 174 | -17.9% |
| 3 Bedrooms | 463 | 387 | -16.4% |
| 4 Bedrooms | 251 | 227 | -9.6% |
| 5+ Bedrooms | 107 | 105 | -1.9% |
Summary: The New London County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 294 | 241 | -18.0% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
115 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New London County, you could pay more than the asking price. 47.7% of homes here sold above asking price last month.
Summary: A total of 241 homes were sold or pending in New London County in November 2024, down by 18.0% month-over-month. Of the 241 sold homes, 32% were sold under asking, 20% were sold at asking, and 48% were sold over asking.
Days on Market for New London County, CT
We’re sorry, we don't have information for this market at the moment
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