New London County, CT Home Values & Market Trends

The median home price in New London County, CT is $347,138.84. There were 3,413 home sales in New London County, CT over the past 12 months. The median residential New London County, CT home value for transactions over the previous year is $267,978.513. The number of current listings in New London County, CT is 195, and the percentage of properties for sale is 195.00%. The county has 77 foreclosures, 10 bank owned properties, 32 headed for auction, and 195 properties for sale.

New London County, CT Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Norwich

$ 255,250

$ 167/sqft

Lebanon

$ 205,000

$ 222/sqft

New London

$ 294,500

$ 181/sqft

Stonington

$ 1,019,500

$ 204/sqft

Groton

$ 354,150

$ 181/sqft

Baltic

$ 210,700

$ 216/sqft

Old Lyme

$ 594,625

$ 302/sqft

Pawcatuck

$ 270,100

$ 260/sqft

Waterford

$ 478,000

$ 240/sqft

Quaker Hill

$ 415,000

$ 208/sqft

Niantic

$ 434,200

$ 227/sqft

North Franklin

$ 263,250

$ 231/sqft

Mystic

$ 458,625

$ 298/sqft

Salem

$ 350,000

$ 195/sqft

Gales Ferry

$ 410,700

$ 186/sqft

Taftville

$ 206,500

$ 72/sqft

Ledyard

$ 334,100

$ 201/sqft

Jewett City

$ --

$ --

Oakdale

$ 272,300

$ 199/sqft

Montville

$ --

$ --

Colchester

$ 352,500

$ 242/sqft

Gilman

$ --

$ --

East Lyme

$ 359,091

$ 238/sqft

Yantic

$ --

$ --

North Stonington

$ 288,250

$ 296/sqft

Voluntown

$ --

$ --

Preston

$ 483,250

$ 214/sqft

Bozrah

$ --

$ --

Uncasville

$ 211,700

$ 159/sqft

Mashantucket

$ --

$ --

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Housing Market Summary for New London County, CT

Mar 2023February 2024Change
Median Listing Price$295K$324.6K10.03%
Median Sold Price$297.3K$324.6K9.18%
Homes For Sale225184-18.22%
Homes Sold1,5611,5660.32%
Price
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Homes For Sale
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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%.

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Browse Homes in New London County, CT

New London County, CT home values range from $26,030 to $7,651,500. Stonington is the priciest city with a median listing home price of $849,000, and Baltic is most affordable with average house prices of around $185,000.

Foreclosure
There are 30 cities within New London County, CT; within these cities, the median estimated home value for homes in foreclosure ranges from $625,000 in Salem to the lowest value of $105,800 in Salem. Foreclosure homes account for 0.00% of properties in New London County, CT with Norwich containing 17 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.04% of all residential properties in New London County, CT with Norwich containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 30 cities within New London County, CT; of those cities, the estimated home value for pre-foreclosure homes ranges from $265,000 in Old Lyme to the lowest home value of $105,800 in Salem.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in New London County, CT ranges from the highest value of $296,250 in Old Lyme to the lowest value of $176,200 in Voluntown. Bank owned homes and properties account for 0.01% of properties in New London County, CT. There are 30 cities within New London County, CT; New London containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Norwich has 9 auction properties, the highest number of properties going to auction in a single city in the state of New London County, CT. Auction homes and other auction properties account for 0.04% of all properties in New London County, CT. There are 30 cities within New London County, CT; of those cities, the median estimated home value for homes going to auction ranges from $396,750 in Colchester to the lowest value of $180,100 in Colchester.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.22% of residential properties in New London County, CT with Norwich containing 26 homes for sale, the highest number of listed properties in a single city. There are 30 cities within New London County, CT; homes for sale in those cities, have a range of median values from $1,190,000 in Stonington to the lowest value of $87,881 in Groton.
    Sold Homes
    The median value for recently sold homes ranges from $313,100 in Gilman to the lowest price of $31,223 in Gilman. There are 30 cities within New London County, CT. Norwich has 255 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.65% of properties in New London County, CT.

      Compare Nearby Cities

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      Guide for New London County, CT

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      How Much Should You Spend On Your First Home?
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      California
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      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

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      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.

      Anaheim Property Trends: Slow but Steady Uptick in Home Values – Mar 2024
      California|posted 6 March 2024

      Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.