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