New London Home Prices & Values

$126,600 Zillow Home Value Index What's This?  
Close

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

  • 7.6% 1-year change
  • No data 1-year forecast

The median home value in New London is $126,600. New London home values have gone up 7.6% over the past year. The median price of homes currently listed in New London is $260,000 while the median price of homes that sold is $94,000.

Foreclosures will be a factor impacting home values in the next several years. In New London 9.6 homes are foreclosed (per 10,000). This is greater than the national value of 4.4

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 is 5.2%, which is lower than the national value of 6.9%. 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 homeowners underwater on their mortgage is 10.1%.

more
Relative ZHVI
- +

New London Market Overview

Data through Jul 31, 2014
  • $126,600 ZHVI
  • No data 1-yr forecast
  • $260,000 Median listing price
  • No recent data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

New London Market Health

Data through Jul 31, 2014
  • 4.8/10 Stable What's This?  
    Close

    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
  • 10.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

9.6 homes New London
4.4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Gold Hill $157,900 Mount Pleasant $152,900 Richfield $147,500
Locust $137,900 Norwood $122,900 Oakboro $112,900
Albemarle $99,800 Lexington $93,500 Denton $91,900

Listings & Sales

Data through Jul 31, 2014
  • $176 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 29.9% Listings with price cut
20.8%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

New London Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$959 New London
$953 Albemarle Metro
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading