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Featured local agent — Norwich, CT
Sarah Mitchell
Compass Real Estate · Norwich, CT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Norwich, CT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$281,500median sale price
How is the Norwich, CT housing market right now?
The median home sale price in Norwich, CT is $281,500, down 1.2% year-over-year. Homes sell in an average of 39 days with 95 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Norwich a buyer's or seller's market?
Norwich, CT is currently a seller's market, based on 2.6 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
37
Last 12 weeks
Days on market
39
Average pace
Active listings
95
2.6 months supply
Sale-to-list
102.3%
Above asking
What does the Norwich housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $281,500 |
| Median list price | $325,000 |
| Year-over-year price change | -1.2% |
| Average days on market | 39 days |
| Active inventory | 95 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 102.3% |
| Median price per sq ft | $206/sq ft |
| Homes sold (latest month) | 37 |
| New listings (latest month) | 58 |
| Listings with a price cut | 20.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Norwich by property type?
How the Norwich, CT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $305,000 | $215/sq ft | 27 | 40 days |
| Condo / Co-op | $245,000 | $188/sq ft | 9 | 25 days |
Source: Redfin · Updated monthly
The Norwich housing market is currently classified as a seller's market with a median sale price of $281,500. Prices have fallen 1.2% compared to last year, with homes spending an average of 39 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Norwich
There are currently 95 homes listed for sale in Norwich, Connecticut. The median listing price is $325K.
Active listings
95
Homes on market
Median list price
$325K
Avg. days on market
39
Days until sale
New this week
58
Newly listed
Who lives in Norwich?
Population
39,992
Median income
$64,185/yr
Median age
38.8 years
Owner-occupied
54.0%
College grads
22.6%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Norwich?
Zillow home value
$306,708
Zillow rent index
$1,883/mo
Price-to-rent ratio
13.6x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Norwich?
Norwich is a community of approximately 40K residents with a median age of 38.8 years.The median household income is $64,185, which represents a working-class community with solid middle-income opportunities. 22.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 54.0%, showing a blend of owner and renter-occupied properties. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Norwich offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Norwich?
12 schools tracked · 6,052 students
The largest public schools serving Norwich, CT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Norwich Free Academy
Grades 9-12 · 2,001 students
Norwich Technical High School
Grades 9-12 · 642 students
Kelly STEAM Magnet Middle School
Grades 6-8 · 548 students
Teachers' Memorial Global Studies Magnet Middle School
Grades 6-8 · 486 students
Moriarty Magnet School
Grades PK-5 · 461 students
John B. Stanton School
Grades K-5 · 384 students
Integrated Day Charter School
Grades PK-8 · 362 students
Samuel Huntington School
Grades PK-5 · 299 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Norwich, CT?
Want a head-to-head view? Compare Norwich side-by-side with any other U.S. city using our market-comparison tool.
Is Norwich a good real estate investment market?
For investors evaluating Norwich, the price-to-rent ratio of 13.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 1.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Norwich's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Norwich's median home price.
Frequently asked questions
What is the average home price in Norwich?
The median home sale price in Norwich is $281,500, down 1.2% from last year.
How long do homes stay on market in Norwich?
Homes typically spend 39 days on market before going under contract.
What is the median income in Norwich?
The median household income is $64,185 per year.
Is Norwich a buyer's or seller's market?
With 2.6 months of supply, Norwich is currently a seller's market.
What is the Zillow home value estimate for Norwich?
The Zillow Home Value Index (ZHVI) for Norwich is $306,708, representing the typical home value in the area.
What is the median condo price in Norwich?
The median condo/co-op sale price in Norwich, CT is $245,000, compared to $305,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Norwich?
The median single-family home price in Norwich, CT is $305,000 (about $215 per square foot).
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