Comparing East Lyme and Old Lyme
| East Lyme Read the guide | Old Lyme Read the guide | |
|---|---|---|
| County | New London County | New London County |
| Median sale price (12 months) | $525,000 | $699,000 |
| Price vs a year ago | +3.4% | +12.7% |
| Price per sq ft | $274 | $350 |
| Sells at | 100% of list price | 99% of list price |
| Closed sales (12 months) | 246 | 105 |
| Median days on market | 13 | 14 |
| Homes for sale now | 51 | 28 |
| Months of supply | 2.5 | 3.2 |
| Typical home sold | 3 bd · 1,920 sq ft · built 1975 | 3 bd · 1,900 sq ft · built 1963 |
| Home types | 73% single-family · 25% condo · 2% multi-family | 96% single-family · 3% condo · 1% multi-family |
| Population | 19,004 | 7,721 |
| Land area (sq mi) | 34.0 | 23.0 |
| Property tax rate (mills) | 28.95 | 16.86 |
| Est. tax, median-priced home | ~$10,600/yr | ~$8,200/yr |
| Public schools | 5 | 4 |
| Parks and preserves | 39 | 32 |
Market figures: SmartMLS closed residential sales, last 12 months; a town with fewer than 10 sales shows n/a. The tax estimate is the median sale price × Connecticut's 70% assessment × the town-wide mill rate (special taxing districts and actual assessments differ). Population: U.S. Census Bureau estimate. Mill rates: CT Office of Policy and Management. School counts: NCES. Parks: OpenStreetMap contributors.