06357 — New London County, Connecticut Market Snapshot
Housing market data for zip code 06357 in New London County, Connecticut. Updated monthly with median prices, days on market, and more.
Market Sales Data
35 sales in 2026 (year to date)
Median Sale Price
$531,000
Days to Sell
25
Homes Sold
35
Inventory
29
Sale-to-List
103.2%
New Listings
64
Price/SqFt
$289
Pending Sales
56
Conforming Loan Available
Most homebuyers in 06357 can comfortably use conventional financing. The median home price of $531,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 06357 are moving quickly at 25 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 06357 are selling 3.2% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 06357 can comfortably use conventional financing. The median home price of $531,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 06357 are set at the county level.
2026 Loan Limits — New London County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 06357
To purchase the median home at $531,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,218.
Monthly Payment
$4,218
Income Required
$180,786
Principal & Interest
$3,272/mo
Down Payment (5%)
$26,550
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 06357.
Estimated Monthly Payment
$3,436
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