New London Housing Market Update: Prices Up, Modest Inventory in Early March
New London, WI – March 8, 2026 – Home prices are up year over year, with modest inventory and steady sales activity shaping the early spring market.
Top takeaways
- Median sale price around $285K, up year over year.
- About two dozen homes currently listed.
- Roughly two months on market, on average.
- Recent closings show a wide price range, from entry-level to $500K+.
Market snapshot
In New London, WI, the median sale price is about $285,000, up more than 30% compared to last year, according to Redfin. Homes are averaging about 62 days on market, with five sales reported in the most recent period. The average sale price per square foot is roughly $180.
Listing data from Realtor.com shows a median listing price near $275,000, suggesting sellers are generally pricing close to where homes are closing. Inventory remains relatively tight, with roughly 20 to 30 active listings across major platforms, including a mix of updated older homes and newer construction.
Recent sales activity
Late February closings ranged from lower-priced in-town homes near the $100K range to larger properties and rural homes selling at $500,000 or more. A vacant lot also changed hands, reflecting continued interest in buildable land. The spread highlights a market that serves both first-time buyers and move-up purchasers.
New construction and zoning
Active listings include newly built single-family homes priced in the mid-$300Ks, indicating ongoing small-scale residential development. The city has been working through zoning code updates in recent months, which can influence future housing types and lot use, especially for infill and redevelopment projects.
What’s for sale now
Current listings include three- to four-bedroom homes in the $250K to $360K range, plus select properties under $200K that may appeal to buyers seeking value or renovation potential. Single-family homes dominate the market, with limited multifamily inventory.
As spring approaches, buyers are watching inventory levels while sellers weigh pricing strategies after a strong year-over-year gain. What are you seeing locally: more showings, faster offers, or buyers taking their time?
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