How much does it cost to buy a house in New London, MN?

In May 2026 New London homes were listed to buy for a median price of $342K, which is a 21% decrease to April 2025 last month, and a 21% decrease to May 2025 last year. The median value of a home listed to buy in New London in May 2026 was $179 per sqft, which is a 10% decrease to April 2025 last month, and a 10% decrease to May 2025 last year.

Is it affordable or expensive to live in New London, MN?

It is affordable to live in New London. Buying a home in New London is 1% less expensive compared with the national average.

Is it a good time to buy property in New London, MN?

Yes now is a good time to buy property in New London, in May 2026, homes in New London have decreased in value (price per sqft) by 10% in the last year compared with May 2025.

Are home prices dropping in New London, MN?

Home price are dropping in New London, in May 2026, homes to buy in New London have decreased in median list price by 6% compared with April 2026, one month ago.

Is the New London, MN housing market slowing down?

In May 2026, homes to buy in New London spent an median 47 days on the market, a same May 2025 last year.

How much money should I make to buy a house in New London, MN?

In May 2026, New London homes were listed to buy for a median price of $342K, with 25% down you would need $1.97K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $67.7K.

Is it a good time to sell my house in New London, MN?

Yes now is a good time to sell your house in New London, in May 2026, homes in New London have decreased in value (price per sqft) by 10% in the last year compared with May 2025.