$6,947 Closing Credit*
$585,000
1,212 SqFt
2 Beds
•1 Full Bath
Nancy Mesham, Listing Office: Coldwell Banker Realty
Is Lyme, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lyme was a Seller's Market.
Key Takeaway
Lyme is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lyme, CT
How much do homes in Lyme, CT cost?
Median Sold Price
$722,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$72,500(+11.2%)
Key Takeaway
Homes in Lyme have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Lyme was $722,500 in October 2024, up 11.2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | - | N/A |
| 2 Bedrooms | $405K | $428.5K | +5.8% |
| 3 Bedrooms | $665K | $675K | +1.5% |
| 4 Bedrooms | $677.5K | $970K | +43.2% |
| 5+ Bedrooms | $2.0M | $770K | -63.0% |
Summary: Lyme housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 43.2%, and 5+ bedroom homes decreased by 63%.
Median Sold Price Compared To Nearby Cities
| Deep River | $310K | $417K | +34.5% |
| Lyme | $650K | $722.5K | +11.2% |
| Old Lyme | $570K | $620K | +8.8% |
| East Lyme | $450K | $480K | +6.7% |
| Chester | $429.9K | $419K | -2.5% |
Housing Supply in Lyme, CT
How many homes are available in Lyme, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Lyme real estate market had 18 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lyme housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyme, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Lyme in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lyme, CT
We’re sorry, we don't have information for this market at the moment
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