Comparing Salem and Colchester
| Salem Read the guide | Colchester Read the guide | |
|---|---|---|
| County | New London County | New London County |
| Median sale price (12 months) | $477,500 | $480,000 |
| Price vs a year ago | +17.9% | +14.3% |
| Price per sq ft | $232 | $243 |
| Sells at | 100% of list price | 102% of list price |
| Closed sales (12 months) | 56 | 185 |
| Median days on market | 9 | 7 |
| Homes for sale now | 9 | 22 |
| Months of supply | 1.9 | 1.4 |
| Typical home sold | 3 bd · 1,940 sq ft · built 1989 | 3 bd · 1,960 sq ft · built 1988 |
| Home types | 80% single-family · 20% condo | 88% single-family · 10% condo · 2% multi-family |
| Population | 4,326 | 15,752 |
| Land area (sq mi) | 28.9 | 48.9 |
| Property tax rate (mills) | 30.20 | 29.92 |
| Est. tax, median-priced home | ~$10,100/yr | ~$10,100/yr |
| Public schools | 1 | 4 |
| Parks and preserves | 18 | 21 |
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.