06359 — New London County, Connecticut Market Snapshot
Housing market data for zip code 06359 in New London County, Connecticut. Updated monthly with median prices, days on market, and more.
Market Sales Data
11 sales in 2026 (year to date)
Median Sale Price
$469,900
Days to Sell
14
Homes Sold
11
Inventory
8
Sale-to-List
101.6%
New Listings
17
Price/SqFt
$257
Pending Sales
18
Conforming Loan Available
Most homebuyers in 06359 can comfortably use conventional financing. The median home price of $469,900 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 06359 are moving quickly at 14 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 06359 (101.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 06359 can comfortably use conventional financing. The median home price of $469,900 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 06359 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 06359
To purchase the median home at $469,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,750.
Monthly Payment
$3,750
Income Required
$160,724
Principal & Interest
$2,895/mo
Down Payment (5%)
$23,495
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 06359.
Estimated Monthly Payment
$3,058
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