Is Old 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, Old Lyme has remained a Seller's Market.
Key Takeaway
Old Lyme is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Lyme, CT
How much do homes in Old Lyme, CT cost?
Median Sold Price
$630,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Old Lyme have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Old Lyme was $630,000 in March 2024, up 15.1% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $252K | +7.2% |
| 2 Bedrooms | $455K | $423.7K | -6.9% |
| 3 Bedrooms | $477.9K | $630K | +31.8% |
| 4 Bedrooms | $675K | $651K | -3.6% |
| 5+ Bedrooms | $710K | $1.0M | +41.9% |
Summary: Old Lyme housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 31.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 41.9%.
Housing Supply in Old Lyme, CT
How many homes are available in Old Lyme, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 49 | +22.5% |
Summary: The Old Lyme real estate market had 49 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Old Lyme housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Lyme, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Old Lyme in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Old Lyme, CT
We’re sorry, we don't have information for this market at the moment
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