$10,000 Closing Credit*
$1,250,000
6,211 SqFt
5 Beds
•4 Full Baths, 1 Partial
Maureen O'grady, Listing Office: Compass Connecticut, LLC
Is Lyme, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lyme was a Seller's Market.
Key Takeaway
Lyme is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lyme, CT
How much do homes in Lyme, CT cost?
Median Sold Price
$770,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$120,000(+18.5%)
Key Takeaway
Homes in Lyme have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Lyme was $770,000 in November 2024, up 18.5% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | - | N/A |
| 2 Bedrooms | $332.5K | $611K | +83.8% |
| 3 Bedrooms | $665K | $675K | +1.5% |
| 4 Bedrooms | $677.5K | $960K | +41.7% |
| 5+ Bedrooms | $2.0M | $770K | -63.0% |
Summary: Lyme housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 63%.
Median Sold Price Compared To Nearby Cities
| Deep River | $332.9K | $424K | +27.4% |
| Lyme | $650K | $770K | +18.5% |
| Old Lyme | $569.3K | $615K | +8.0% |
| East Lyme | $450K | $480K | +6.7% |
| Chester | $450K | $414.5K | -7.9% |
Housing Supply in Lyme, CT
How many homes are available in Lyme, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Lyme real estate market had 18 homes for sale in November 2024, a 5.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lyme housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyme, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lyme in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lyme, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.