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NEW LONDON, MN 56273

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW LONDON, MN real estate market (56273) currently shows 14 active listings, with 5 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 73 days on market compared to 43 days last year.

The median listing price has risen 36.1% year-over-year, from $314,950 to $428,675.

Whether you are buying or selling in NEW LONDON, MN, 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: 5,004  ·  Density: 20.0/mi²  ·  Median household income: $87,262

Typical home value: $286,770  ·  Homeownership: 87.4%

Market Overview

Active Listings
14
⇧ 27.3% vs 11 last year
Pending
5
36% pending ratio
Median Price
$428,675
⇧ 36.1% vs $314,950 last year
Average Price
$508,989
⇧ 50.6% vs $337,938 last year
Days on Market
73
⇧ 69.8% vs 43 days last year

Price Per Square Foot

Median $/sqft
$190
⇧ 5.6% vs $180/sqft last year
Median Home Size
2,340 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 11 last year
  • Days on market: 73 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $428,675 (+36.1% YoY)
  • Average: $508,989 (+50.6% 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 28.0 miles — 134 listings ($47,152,585 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56273New London, MN 562730.0 mi14$6,384,322$396,225$456,023
56312Belgrade, MN 563129.8 mi1$629,000$629,000$629,000
56279Pennock, MN 5627912.5 mi2$765,000$382,500$382,500
56362Paynesville, MN 5636213.5 mi16$5,523,920$279,950$345,245
56201Willmar, MN 5620115.6 mi60$19,666,380$268,200$327,773
56325Elrosa, MN 5632516.7 mi1$598,000$598,000$598,000
56252Kerkhoven, MN 5625219.2 mi5$1,547,250$309,450$309,450
55329Eden Valley, MN 5532919.3 mi6$1,836,768$265,750$306,128
56282Raymond, MN 5628223.5 mi1$290,000$290,000$290,000
56253Lake Lillian, MN 5625325.2 mi3$657,501$217,500$219,167
55389Watkins, MN 5538925.8 mi8$3,454,744$372,750$431,843
56216Blomkest, MN 5621626.8 mi2$598,000$299,000$299,000
56307Albany, MN 5630728.0 mi15$5,201,700$294,900$346,780

Frequently Asked Questions

How many homes are for sale in NEW LONDON, MN 56273?

As of March 2026, there are 14 active listings in NEW LONDON, MN (zip code 56273), compared to 11 the prior year.

What is the median home price in NEW LONDON, MN 56273?

The median listing price in NEW LONDON, MN 56273 is $428,675 as of March 2026, a 36.1% increase from $314,950 the prior year.

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

Homes in NEW LONDON, MN 56273 spend an average of 73 days on the market before going under contract, compared to 43 days the prior year.

Is it a seller's or buyer's market in NEW LONDON, MN 56273?

Based on current inventory and days-on-market data as of March 2026, NEW LONDON, MN 56273 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 73 days on market compared to 43 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NEW LONDON, MN 56273 save an estimated $8,574 compared to a typical 5% commission on the median listing price of $428,675. 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.