Is New London, CT 06320 a buyer’s or seller’s market?

The New London housing market right now

In the three months ending August 31, 2026, 60% of homes in New London, CT 06320 sold above their list price, the typical home went under contract in 43 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 59 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 43%, homes sold more slowly (40 days then) and the median sale price rose 11% to $349,849. Overall, New London is more competitive than a year ago, so tougher for buyers.

Within New London County, homes here sell more slowly than in 81% of the county’s ZIP codes, and sell more often over asking than in 63%. On our competition score, New London ranks #125 of 197 CT ZIP codes with enough sales (score 81 out of 100).

Nearby, buyers who want less competition could look at Hadlyme 06439 (0% sold over asking) or Hanover 06350 (0% sold over asking), while Uncasville 06382 (75% sold over asking) and Voluntown 06384 (73% sold over asking) are even more competitive.