Home Values

New London County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$216,500

  • 1.9% 1-year change
  • 3.5% 1-year forecast

The median home value in New London County is $216,500. New London County home values have gone up 1.9% over the past year and Zillow predicts they will rise 3.5% within the next year. The median list price per square foot in New London County is $147, which is the same as the New London Metro average of $147. The median price of homes currently listed in New London County is $239,900 while the median price of homes that sold is $196,350. The median rent price in New London County is $1,200, which is the same as the New London Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In New London County 0.5 homes are foreclosed (per 10,000). This is the same as the New London Metro value of 0.5 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in New London County is 7.5%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of New London County homeowners underwater on their mortgage is 23.6%, which is the same as New London Metro at 23.6%.

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Relative ZHVI
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New London County Market Overview

Data through Feb 28, 2015
  • $216,500 ZHVI
  • 3.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $239,900 Median listing price
  • $196,350 Median sale price
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New London County Market Health

Data through Feb 28, 2015
  • 6.1/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 23.6% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

0.5 homes New London County
0.5 homes New London Metro
3.9 homes United States
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Cities in New London County

Name Median ZHVI
Waterford $224,600
Franklin $205,400
Bozrah $201,000
Name Median ZHVI
Preston $199,600
Ledyard $198,700
Conning Towers-Nautilus Park $195,700
Name Median ZHVI
Oxoboxo River $149,600
New London $141,400
Norwich $139,400

Listings & Sales

Data through Feb 28, 2015
  • $147 Median list price / sq ft
  • $132 Median sale price / sq ft
  • 11.1% Listings with price cut
28.4%
Sold below listing
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New London County Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,466 New London County
    $1,466 New London Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,200 Rent list price
  • $1.04 Rent list price / sq ft
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