Photo: Tony Webster from Minneapolis, Minnesota, United States · CC BY-SA 2.024 homes sold in New London in the last year, at a typical $307K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where New London homes are listed.
Every place New London homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to New London.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 89% of New London’s sales, at a typical $289K (year to May 2026)
24 homes sold in the year to September 2026.
typical sale · 17 sold in the year to May 2026
- Per square foot
- $149MN $191
- Days to sell
- 68
- Sold over asking
- 18%
- Listings with a price cut
- 45%
Townhouses: 2 sold, typical $342K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 1.9 times the 2017 price
24 sales in the last year, against 36 in 2013 and a low of 22 in 2014. The typical sale went from $163K in 2017 to $307K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $300K buys in New London
Check a listing against what New London homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in New London are rarer than before the pandemic, but a quarter fewer homes come up for sale
We read every month of New London’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 24 sales.
If you’re buying in New London
- Shop in March. It brings about 3 new listings a month, close to the busiest month, with fewer bidding wars (6% over asking).
- Offer under asking. Buyers paid 96.8% of the list price on average; 4% paid over.
- You’ll usually have time. Only 31% of homes go under contract within two weeks; the typical one takes 79 days.
Spring brings the homes; fall brings the bidding wars
April has the most new listings (about 4 a month), but September is the most competitive: 32% of September sales close over asking. March offers nearly as much choice with fewer homes bid up (6%). March has the least competition (6%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| New London now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 4% | 20% | 16% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 31% | 16% | 31% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 96.8% | 95.4% | 97.4% | 99% |
| Days to sellMedian days from listing to contract | 79 | 99 | 258 | 38 |
8 homes for sale on a typical day
That’s 2.5 times the 2021 low (3), 23% fewer than in 2017–19 and well under 2012’s 26.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical New London home costs about $1,899 a month
Price: New London’s typical sale, last 12 months. Property tax at New London’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether New London is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. January has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $307K home, about $3,570 a year.
Taxes vs. neighborsSchools
The schools grade for New London, from test results, graduation and how much students grow.
Schools in New LondonTypical commute
The average one-way trip to work for people who live in New London.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Willmar, Atwater and Litchfield sell for less a square foot
The busier markets within 25 miles of New London, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Willmar | 222 | $241K | $133 | 20% | 38 |
| Litchfield | 78 | $237K | $147 | 26% | 38 |
| Paynesville | 48 | $239K | $156 | 24% | 52 |
| Richmond | 28 | $287K | $166 | 25% | 41 |
| New London | 24 | $307K | $159 | 4% | 79 |
| Spicer | 21 | $363K | $176 | 6% | 40 |
| Atwater | 21 | $238K | $126 | 25% | 55 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to New London, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to New London. People who follow the town see it, and so do people comparing New London with their own town. No commission, no listing fee.
Questions about buying a home in New London
What do homes sell for in New London, MN?
24 homes sold in the year to September 2026 at a typical $307K, $159 a square foot.
Is New London a buyer’s or seller’s market?
A seller’s market: 7 homes were for sale in September 2026 and 3 sold, about 1.9 months of supply. Buyers paid 96.8% of asking on average.
When is the best time to buy in New London?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in New London?
About 1.2% of a home’s value a year. On a $307K home that’s near $3,570.
Where can I see homes for sale in New London?
Zillow, Redfin, Realtor.com and Homes.com all carry New London’s MLS listings; the search links above open each one filtered to New London.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).