Comparing Salem and East Lyme
| Salem Read the guide | East Lyme Read the guide | |
|---|---|---|
| County | New London County | New London County |
| Median sale price (12 months) | $477,500 | $525,000 |
| Price vs a year ago | +17.9% | +3.4% |
| Price per sq ft | $232 | $274 |
| Sells at | 100% of list price | 100% of list price |
| Closed sales (12 months) | 56 | 246 |
| Median days on market | 9 | 13 |
| Homes for sale now | 9 | 51 |
| Months of supply | 1.9 | 2.5 |
| Typical home sold | 3 bd · 1,940 sq ft · built 1989 | 3 bd · 1,920 sq ft · built 1975 |
| Home types | 80% single-family · 20% condo | 73% single-family · 25% condo · 2% multi-family |
| Population | 4,326 | 19,004 |
| Land area (sq mi) | 28.9 | 34.0 |
| Property tax rate (mills) | 30.20 | 28.95 |
| Est. tax, median-priced home | ~$10,100/yr | ~$10,600/yr |
| Public schools | 1 | 5 |
| Parks and preserves | 18 | 39 |
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.