$4,156 Closing Credit*
$350,000
1,873 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50301841, Myriah Conradt, Listing Office: Acre Realty, Ltd.
Is New London, WI 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 Seller's Market.
Key Takeaway
New London is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New London, WI
How much do homes in New London, WI cost?
Median Sold Price
$235,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,950(-3.7%)
Key Takeaway
Homes in New London have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in New London was $235,000 in November 2024, down 3.7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | $106.9K | +9.1% |
| 2 Bedrooms | $159.9K | $165K | +3.2% |
| 3 Bedrooms | $239.9K | $237.5K | -1.0% |
| 4 Bedrooms | $277.5K | $269.5K | -2.9% |
| 5+ Bedrooms | $239.9K | $374.5K | +56.1% |
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 9.1%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 56.1%.
Median Sold Price Compared To Nearby Cities
| Mukwa | $300.5K | $294.9K | -1.9% |
| New London | $243.9K | $235K | -3.7% |
Housing Supply in New London, WI
How many homes are available in New London, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 32 | -20.0% |
Summary: The New London real estate market had 32 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 24 | 18 | -25.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
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 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New London, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in New London in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for New London, WI
We’re sorry, we don't have information for this market at the moment
