Is New London, WI 54961 a buyer’s or seller’s market?

The New London housing market right now

In the three months ending August 31, 2026, 53% of homes in New London, WI 54961 sold above their list price, the typical home went under contract in 47 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 50 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 38%, homes sold faster (54 days then) and the median sale price fell 4% to $299,870. Overall, New London is more competitive than a year ago, so tougher for buyers.

Within Waupaca County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, New London ranks #152 of 319 WI ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Marion 54950 (25% sold over asking) or Waupaca 54981 (27% sold over asking), while Ogdensburg 54962 (60% sold over asking) is even more competitive.