Home Values

New London Township 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

$317,600

  • 4.7% 1-year change
  • 1.9% 1-year forecast

The median home value in New London Township is $317,600. New London Township home values have gone up 4.7% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in New London Township is $120, which is lower than the Philadelphia Metro average of $127. The median price of homes currently listed in New London Township is $369,900 while the median price of homes that sold is $377,916.

Foreclosures will be a factor impacting home values in the next several years. In New London Township 3.7 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 4.1 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 Township is 8.1%, 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 Township homeowners underwater on their mortgage is 10.7%, which is lower than Philadelphia Metro at 19.1%.

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Relative ZHVI
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New London Township Market Overview

Data through Feb 28, 2015
  • $317,600 ZHVI
  • 1.9% 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)
  • $369,900 Median listing price
  • No recent data Median sale price
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New London Township Market Health

Data through Feb 28, 2015
  • 6.4/10 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
  • 10.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 8.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.7 homes(May 31, 2011) New London Township
4.1 homes Philadelphia Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
London Britain Township $335,900
Franklin $327,800
London Grove Township $279,400
Name Median ZHVI
Penn Township $269,300
Elk Township $267,800
Londonderry Township $252,400
Name Median ZHVI
East Nottingham Township $248,000
Upper Oxford Township $235,100
West Grove $174,300

Listings & Sales

Data through Feb 28, 2015
  • $120 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 21.1% Listings with price cut
23.1%
Sold below listing
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New London Township Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,061 New London Township
    $1,554 Philadelphia 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

  • 2.8 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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