Home Values

New London 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

$134,400

  • 11.8% 1-year change
  • None 1-year forecast

The median home value in New London is $134,400. New London home values have gone up 11.8% over the past year. The median price of homes currently listed in New London is $275,000 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 4.9 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

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%.

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Relative ZHVI
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New London Market Overview

Data through Sep 30, 2014
  • $134,400 ZHVI
  • No data 1-yr forecast
  • $275,000 Median listing price
  • No recent data Median sale price
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New London Market Health

Data through Sep 30, 2014
  • 8.3/10 Very 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
  • 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)

4.9 homes(Aug 31, 2014) New London
4 homes United States
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Nearby Cities

Name Median ZHVI
Gold Hill $166,600
Mount Pleasant $162,300
Richfield $151,400
Name Median ZHVI
Locust $150,800
Norwood $124,200
Oakboro $114,900
Name Median ZHVI
Lexington $103,600
Denton $101,600
Albemarle $101,100

Listings & Sales

Data through Sep 30, 2014
  • $172 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 28.0% Listings with price cut
20.8%
Sold below listing
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New London Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $975 New London
    $948 Albemarle Metro
    $1,335 United States

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

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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