Is New London, MN 56273 a buyer’s or seller’s market?

The New London housing market right now

In the three months ending August 31, 2026, 21% of homes in New London, MN 56273 sold above their list price, the typical home went under contract in 39 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 25 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (28 days then) and the median sale price fell 6% to $306,867. Overall, New London is less competitive than a year ago, which gives buyers more room.

Within Kandiyohi County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, New London ranks #233 of 296 MN ZIP codes with enough sales (score 51 out of 100).

Nearby, buyers who want less competition could look at Prinsburg 56281 (0% sold over asking) or Lake Lillian 56253 (0% sold over asking), while Sunburg 56289 (50% sold over asking) and Raymond 56282 (38% sold over asking) are even more competitive.