Cheap Homes for Sale in New London, NC

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New London, NC Housing Market Overview

New London's housing market currently favors buyers. This gives buyers the upper hand in negotiations. With a 9-month supply of homes and an average of 278 days on the market, buyers have plenty of time to choose and significant bargaining power.

Status

Buyer's Market

Days on Market

278

Inventory

69

Jul 2021Nov 2023Mar 2026

Median Home Price

$416,000Up 0.75%

In Mar 2026 · YoY

Jul 2021Nov 2023Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
69 Up 1.25%
Newly Listed Homes
0 Down 0.00%
Months of Supply
9 Up 7.70%

Housing Demand

Homes Sold
1 Down 0.00%
Sale-to-List Ratio
95.6% Up 3.70%
Homes Sold Above List
0% Down 0.00%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full New London Market Report
  • mls-img
    Based on information submitted to the MLS GRID from Canopy MLS through Aug 31, 2026, 3:46 PM. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties which the consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. ©2025 Canopy MLS. All Rights Reserved.
  • mls-img
    Based on information from the Board/Association of REALTORS® (or from the Triad MLS) through Aug 31, 2026, 3:45 PM. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s Internet Data Exchange Database. Data cannot be redistributed and cannot be used for any reason other than as provided in the contract. © 2026 Triad MLS, Inc. All rights reserved.

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New London, NC Housing Marketlink qauare
Homes Available icon

69

Homes Available

Median List Price icon

$ 416,000

Median List Price

Avg on Market icon

278 Days

Avg on Market

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