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NEW LONDON, MN 56273

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW LONDON, MN real estate market (56273) currently shows 14 active listings, with 6 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 86 days on market compared to 118 days last year.

The median listing price has risen 19.3% year-over-year, from $332,175 to $396,225.

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
⇧ 40% vs 10 last year
Pending
6
43% pending ratio
Median Price
$396,225
⇧ 19.3% vs $332,175 last year
Average Price
$456,023
⇧ 22.5% vs $372,175 last year
Days on Market
86
⇩ 27.1% vs 118 days last year

Price Per Square Foot

Median $/sqft
$185
⇩ 0.5% vs $186/sqft last year
Median Home Size
2,304 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 10 last year
  • Days on market: 86 now vs 118 last year

Median & Average Pricing

Year over Year
  • Median: $396,225 (+19.3% YoY)
  • Average: $456,023 (+22.5% 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 27.7 miles — 187 listings ($68,352,655 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56273New London, MN 562730.0 mi14$6,148,800$397,000$439,200
56312Belgrade, MN 563129.8 mi2$1,288,000$644,000$644,000
56279Pennock, MN 5627912.5 mi2$836,000$418,000$418,000
56362Paynesville, MN 5636213.5 mi18$6,475,284$279,950$359,738
56201Willmar, MN 5620115.6 mi59$19,608,237$284,900$332,343
56243Grove City, MN 5624317.6 mi3$439,224$146,408$146,408
56376Saint Martin, MN 5637619.2 mi2$679,600$339,800$339,800
56335Greenwald, MN 5633520.0 mi1$254,900$254,900$254,900
56368Richmond, MN 5636822.6 mi10$4,535,430$419,900$453,543
56352Melrose, MN 5635224.1 mi6$1,502,040$175,000$250,340
56334Glenwood, MN 5633425.8 mi20$6,635,120$275,000$331,756
55355Litchfield, MN 5535526.0 mi20$6,058,880$307,450$302,944
56378Sauk Centre, MN 5637827.7 mi30$13,891,140$420,950$463,038

Frequently Asked Questions

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

As of February 2026, there are 14 active listings in NEW LONDON, MN (zip code 56273), compared to 10 the prior year.

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

The median listing price in NEW LONDON, MN 56273 is $396,225 as of February 2026, a 19.3% increase from $332,175 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 86 days on the market before going under contract, compared to 118 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 February 2026, NEW LONDON, MN 56273 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 86 days on market compared to 118 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 $7,925 compared to a typical 5% commission on the median listing price of $396,225. 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.