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Neptune Park

NEW LONDON, CT 06320

Real Estate Market Report  ·  Southeastern Connecticut Planning Region County
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 06320

Neptune Park

Market Analysis

Data as of March 2026. Source: Realtor.com.

The NEW LONDON, CT real estate market (06320) currently shows 29 active listings, with 13 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 26 days on market compared to 19 days last year.

The median listing price has fallen 8.8% year-over-year, from $315,000 to $287,200.

Whether you are buying or selling in NEW LONDON, CT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 27,600  ·  Density: 1,888.4/mi²  ·  Median household income: $56,237

Typical home value: $223,319  ·  Homeownership: 41.1%

Market Overview

Active Listings
29
⇩ 27.5% vs 40 last year
Pending
13
45% pending ratio
Median Price
$287,200
⇩ 8.8% vs $315,000 last year
Average Price
$386,171
⇧ 9% vs $354,270 last year
Days on Market
26
⇧ 36.8% vs 19 days last year

Price Per Square Foot

Median $/sqft
$216
⇩ 9.6% vs $239/sqft last year
Median Home Size
1,372 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 29 this year vs 40 last year
  • Days on market: 26 now vs 19 last year

Median & Average Pricing

Year over Year
  • Median: $287,200 (-8.8% YoY)
  • Average: $386,171 (+9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.0 miles — 366 listings ($420,275,716 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
06320New London, CT 063200.0 mi24$11,013,816$336,950$458,909
06340Groton, CT 063403.0 mi39$30,640,350$539,900$785,650
06335Gales Ferry, CT 063355.8 mi15$7,056,900$395,000$470,460
06355Mystic, CT 063556.8 mi25$38,196,150$1,010,000$1,527,846
06382Uncasville, CT 063827.7 mi13$5,045,573$354,750$388,121
06390Fishers Island, NY 063908.1 mi1$6,500,000$6,500,000$6,500,000
06370Oakdale, CT 063709.1 mi12$6,815,928$523,425$567,994
06371Old Lyme, CT 0637111.6 mi28$46,663,540$962,500$1,666,555
06379Pawcatuck, CT 0637912.7 mi15$17,902,050$909,900$1,193,470
06360Norwich, CT 0636013.7 mi103$40,820,857$290,450$396,319
06359North Stonington, CT 0635914.4 mi11$9,086,968$467,425$826,088
06475Old Saybrook, CT 0647515.1 mi24$30,485,328$1,018,725$1,270,222
02891Westerly, RI 0289116.0 mi56$170,048,256$1,235,000$3,036,576

Frequently Asked Questions

How many homes are for sale in NEW LONDON, CT 06320?

As of March 2026, there are 29 active listings in NEW LONDON, CT (zip code 06320), compared to 40 the prior year.

What is the median home price in NEW LONDON, CT 06320?

The median listing price in NEW LONDON, CT 06320 is $287,200 as of March 2026, a 8.8% decrease from $315,000 the prior year.

How long do homes stay on the market in NEW LONDON, CT?

Homes in NEW LONDON, CT 06320 spend an average of 26 days on the market before going under contract, compared to 19 days the prior year.

Is it a seller's or buyer's market in NEW LONDON, CT 06320?

Based on current inventory and days-on-market data as of March 2026, NEW LONDON, CT 06320 is currently a Balanced Market. Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 26 days on market compared to 19 days last year.

How much can I save on real estate commission in NEW LONDON, CT?

With SELL123.com's maximum 3% commission, sellers in NEW LONDON, CT 06320 save an estimated $5,744 compared to a typical 5% commission on the median listing price of $287,200. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.