Comparing Old Lyme and Lyme
| Old Lyme Read the guide | Lyme Read the guide | |
|---|---|---|
| County | New London County | New London County |
| Median sale price (12 months) | $699,000 | $866,250 |
| Price vs a year ago | +12.7% | +26.9% |
| Price per sq ft | $350 | $315 |
| Sells at | 99% of list price | 99% of list price |
| Closed sales (12 months) | 105 | 34 |
| Median days on market | 14 | 35 |
| Homes for sale now | 28 | 14 |
| Months of supply | 3.2 | 4.9 |
| Typical home sold | 3 bd · 1,900 sq ft · built 1963 | 3 bd · 2,900 sq ft · built 1958 |
| Home types | 96% single-family · 3% condo · 1% multi-family | 100% single-family |
| Population | 7,721 | 2,421 |
| Land area (sq mi) | 23.0 | 31.8 |
| Property tax rate (mills) | 16.86 | 14.50 |
| Est. tax, median-priced home | ~$8,200/yr | ~$8,800/yr |
| Public schools | 4 | 1 |
| Parks and preserves | 32 | 44 |
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.