$15,000
Land
Listing Office: Keller Williams South Park
Is New London, NC 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 has remained a Buyer's Market.
Key Takeaway
New London is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New London, NC
How much do homes in New London, NC cost?
Median Sold Price
$313,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,051(+1.0%)
Key Takeaway
Homes in New London have sold for 1% more than they did a year ago.
Summary: The median home sold price in New London was $313,000 in November 2024, up 1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.5K | $140K | +53.0% |
| 2 Bedrooms | $145.7K | $193.7K | +32.9% |
| 3 Bedrooms | $430K | $363K | -15.6% |
| 4 Bedrooms | $770K | $685K | -11.0% |
| 5+ Bedrooms | $725K | $1.4M | +93.1% |
Summary: New London housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53%, 2 bedroom homes increased by 32.9%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 93.1%.
Housing Supply in New London, NC
How many homes are available in New London, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 92 | -4.2% |
Summary: The New London real estate market had 92 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 18 | +5.9% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New London housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New London, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in New London in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for New London, NC
How long does it take to sell a home in New London, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 66 Days | +3.7% |
Summary: Homes in New London had an average of 66 days on market in Nov 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New London has remained consistent over time.
Summary: During November 2024, 10 homes were sold in New London; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.