Comparing Norwich and Preston
| Norwich Read the guide | Preston Read the guide | |
|---|---|---|
| County | New London County | New London County |
| Median sale price (12 months) | $300,000 | $487,050 |
| Price vs a year ago | +7.2% | +21.2% |
| Price per sq ft | $191 | $248 |
| Sells at | 100% of list price | 100% of list price |
| Closed sales (12 months) | 585 | 54 |
| Median days on market | 12 | 12 |
| Homes for sale now | 109 | 9 |
| Months of supply | 2.2 | 2 |
| Typical home sold | 3 bd · 1,470 sq ft · built 1952 | 3 bd · 1,830 sq ft · built 1974 |
| Home types | 68% single-family · 15% condo · 17% multi-family | 98% single-family · 2% multi-family |
| Population | 39,993 | 4,855 |
| Land area (sq mi) | 28.1 | 30.8 |
| Property tax rate (mills) | 34.15 | 25.52 |
| Est. tax, median-priced home | ~$7,200/yr | ~$8,700/yr |
| Public schools | 13 | 2 |
| Parks and preserves | 80 | 19 |
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.