$5,629 Closing Credit*
$474,000
1,510 SqFt
2 Beds
•2 Full Baths
Amanda Gaudette, Listing Office: William Pitt Sotheby's Int'l
Is East Lyme, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, East Lyme has remained a Seller's Market.
Key Takeaway
East Lyme is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Lyme, CT
How much do homes in East Lyme, CT cost?
Median Sold Price
$480,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+6.7%)
Key Takeaway
Homes in East Lyme have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in East Lyme was $480,000 in November 2024, up 6.7% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305.4K | $221K | -27.6% |
| 2 Bedrooms | $330K | $340K | +3.0% |
| 3 Bedrooms | $440K | $480K | +9.1% |
| 4 Bedrooms | $550K | $547.9K | -0.4% |
| 5+ Bedrooms | $775K | $828.9K | +7.0% |
Summary: East Lyme housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 7%.
Housing Supply in East Lyme, CT
How many homes are available in East Lyme, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 69 | -14.8% |
Summary: The East Lyme real estate market had 69 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 30 | 19 | -36.7% |
| 4 Bedrooms | 21 | 17 | -19.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The East Lyme housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 36.7%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Lyme, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in East Lyme in November 2024, up by 5.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% 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
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