Norwich, CT
Housing market overview · Updated weekly
$264,000median sale price
Homes sold
34
Last 12 weeks
Days on market
37
Average pace
Active listings
80
2.4 months supply
Sale-to-list
101.0%
Above asking
The Norwich housing market is currently classified as a seller's market with a median sale price of $264,000. Prices have risen 4.8% compared to last year, with homes spending an average of 37 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Norwich?
The median home sale price in Norwich is $264,000, up 4.8% from last year.
How long do homes stay on market in Norwich?
Homes typically spend 37 days on market before going under contract.
Is Norwich a buyer's or seller's market?
With 2.4 months of supply, Norwich is currently a seller's market.
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