06360 — New London County, Connecticut Market Snapshot
Housing market data for zip code 06360 in New London County, Connecticut. Updated monthly with median prices, days on market, and more.
Market Sales Data
84 sales in 2026 (year to date)
Median Sale Price
$289,050
Days to Sell
44
Homes Sold
84
Inventory
70
Sale-to-List
100.7%
New Listings
114
Price/SqFt
$202
Pending Sales
99
Conforming Loan Available
Most homebuyers in 06360 can comfortably use conventional financing. The median home price of $289,050 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
06360's market is balanced with homes taking an average of 44 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 06360 (100.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 06360 can comfortably use conventional financing. The median home price of $289,050 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 06360 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 06360
To purchase the median home at $289,050 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,365.
Monthly Payment
$2,365
Income Required
$101,340
Principal & Interest
$1,781/mo
Down Payment (5%)
$14,453
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 06360.
Estimated Monthly Payment
$1,939
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