New London, WI Home Values & Market Trends
Real estate market trends reflect that there have been 174 transactions over the past year in New London. The median value for residential home transactions that occurred over the previous year is $244,127.76. The number of current listings in New London is 7, and the percentage of properties for sale in the city is 7.00%. New London, WI currently has 3 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 7 properties for sale.
New London, WI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 54961 | $ 242,900 $ 135/sqft |
Housing Market Summary for New London, WI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $305K | $232.4K | -23.79% |
| Median Sold Price | $187.8K | $232.4K | 23.77% |
| Homes For Sale | 5 | 10 | 100.00% |
| Homes Sold | 103 | 140 | 35.92% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in New London, WI
Browse Homes in New London, WI
New London home values range from $27,539 to $4,829,540. The median estimated value of a home in New London is $244,127.76. The median list price of a home is 242,900, and the total count of properties in the city is 4,379.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in New London, WI with 54961 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within New London, WI; of that zips, the estimated home value for pre-foreclosure homes ranges from $199,600 in 54961 to the lowest home value of $171,906 in 54961.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New London, WI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in New London, WI. There is 1 zips within New London, WI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions54961 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of New London, WI. Auction homes and other auction properties account for 0.02% of all properties in New London, WI. There is 1 zips within New London, WI; of that zips, the median estimated home value for homes going to auction ranges from $398,698 in 54961 to the lowest value of $398,698 in 54961.
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More Real Estate Resources for New London, WI
Guide for New London, WI
Madison’s real estate market continues to robustness, with varied trends across different market segments.
Milwaukee’s real estate market has shown growth with increasing property values and sold prices in the past year. However, the market contrasts with wealthier neighboring cities with higher average sold prices.
Wisconsin Foreclosure Laws
Information on foreclosure financing, refinancing, and foreclosure mortgages.