OfferBackedBuyer Tools

Is New London, MO 63459 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

New London is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.6Under 4 months = seller’s market
Sold above original list37.5%Share of sales, last 3 months
Median sale-to-list97.9%Sold price ÷ list price
Median days on market44Listing to accepted offer
Median price per sq ft$134▼ −4.5% vs. last year

The New London housing market right now

In the three months ending August 31, 2026, 38% of homes in New London, MO 63459 sold above their list price, the typical home went under contract in 44 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 8%, homes sold faster (47 days then) and the median sale price rose 49% to $266,235. Overall, New London is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Perry 63462 (17% sold over asking), while Center 63436 (40% sold over asking) is even more competitive.

Run the numbers for 63459

Prefilled for 63459Can I win this house?Multiple-offer likelihood for a listing Prefilled for 63459Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Center 63436Seller’s market $120 /sq ftPerry 63462Buyer’s market $170 /sq ft Browse all markets →

Towns like New London nearby

Find towns like New London in other states →
Paris, MO65275 · 33 miles away86% similarsmaller Palmyra, MO63461 · 16 miles away84% similarpricier homes ($41K more) La Grange, MO63448 · 32 miles away83% similarcheaper homes ($54K less) · smaller Canton, MO63435 · 39 miles away82% similaryounger residents · more renters

Where New London is

Loading map…

Questions about New London real estate

Is New London a buyer’s or seller’s market?

A balanced market: there were 5.6 months of supply in New London, MO 63459 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 44 days in the latest three months.

Do homes in New London sell over asking?

38% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.

What are property taxes in New London?

About 0.73% of a home’s value a year in Ralls County, or roughly $2,920 on a $400,000 home.

What is the median home price in New London?

The median sale price was $266,235 in the three months ending August 31, 2026, about $134 per square foot.

Local agents

See all agents in 63459 →

No sponsored agents in 63459 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 63459

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Ralls County property taxesRalls County loan limitsClosing costs in MissouriHottest ZIP codes in Missouri
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology