Is New London, IA 52645 a buyer’s or seller’s market?
New London is a seller’s market. With about 3.8 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The New London housing market right now
In the three months ending August 31, 2026, 40% of homes in New London, IA 52645 sold above their list price, the typical home went under contract in 43 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold faster (94 days then) and the median sale price rose 33% to $159,431. Overall, New London is more competitive than a year ago, so tougher for buyers.
Within Henry County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Winfield 52659 (0% sold over asking) or Olds 52647 (0% sold over asking), while Mount Union 52644 (100% sold over asking) and Salem 52649 (50% sold over asking) are even more competitive.
Run the numbers for 52645
Nearby markets
Mount Pleasant 52641Balanced $112 /sq ftMount Union 52644 $152 /sq ftOlds 52647Buyer’s market $120 /sq ftSalem 52649Seller’s market $99 /sq ft Browse all markets →Towns like New London nearby
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Questions about New London real estate
Is New London a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in New London, IA 52645 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New London?
The typical home went under contract in 43 days in the latest three months.
Do homes in New London sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in New London?
About 1.56% of a home’s value a year in Henry County, or roughly $6,240 on a $400,000 home.
What is the median home price in New London?
The median sale price was $159,431 in the three months ending August 31, 2026, about $113 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology