Is East Lyme, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Lyme has remained a Seller's Market.
Housing Prices in East Lyme, CT
How much do homes in East Lyme, CT cost?
Median Sold Price
$455,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Lyme was $455,000 in March 2024, up 16.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $183K | $225.4K | +23.2% |
2 Bedrooms | $300K | $325K | +8.3% |
3 Bedrooms | $382.5K | $431K | +12.7% |
4 Bedrooms | $480K | $545K | +13.5% |
5+ Bedrooms | $655K | $850K | +29.8% |
Summary: East Lyme housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 29.8%.
Housing Supply in East Lyme, CT
How many homes are available in East Lyme, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 63 | +18.9% |
Summary: The East Lyme real estate market had 63 homes for sale in March 2024, a 18.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 19 | 27 | +42.1% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The East Lyme housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 42.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in East Lyme in March 2024, down by 7.1% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for East Lyme, CT
We’re sorry, we don't have information for this market at the moment