The median sale price for a single family home in the county of New London during February was $295,300. That’s a 9.4% increase compared to February 2021, according to a local USA TODAY network analysis created using data from Realtor.com.
On an annual basis, prices have continued to rise for 21 consecutive months. February prices are down from $300,000 in the previous month.
The number of homes sold increased by 10.3% from the previous year. A total of 139 homes were sold countywide during the month of February. During the same period the previous year, 126 single-family homes were sold.
The median sale price in Windham County for a single-family home was $230,000, down 8% from the previous year. On an annual basis, prices began to fall. About 59 homes were sold in February, down 33.7% from the previous year.
Real estate sales can take weeks or months to be recorded and collected. This is the most recent data available through Realtor.com for the USA TODAY Network.
The median sale price of condominiums and townhouses in New London in February was $186,000. This number represents an increase of 5.7% year-on-year. About 27 were sold, up 8% from the previous year.
How hot is the real estate market in New London County, Connecticut?
Information on your local housing markets is available through the USA TODAY network, with more data from Realtor.com.
In the county of New London, prices for the top 10% of properties sold were at least $527,000, down 4.2% from the previous year.
In February, two properties sold for at least $1 million, consisting of a single-family home and other properties.
In Windham County, the top 10% of properties sold had at least $420,000, up 2.1% from the previous year.
National Apple Pie Day:No-bake Snickers apple pie? Five recipes to try on National Apple Pie Day
The median home sale price — the midway point of all homes or units sold over a period of time — is used in this report instead of the average home sale price because experts say the broker provides a more accurate view of what’s happening in the market. To find the median price, all the prices of homes sold are added up and then divided by the number of homes sold. This scale can be skewed by a low or high price.
USA TODAY publishes local versions of this story on its news sites across the country, which are built using data from Realtor.com. Localized versions are created for communities where data quality and transaction volume comply with Realtor.com and USA TODAY Network standards. The story was written by Sean Lyman.