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Featured local agent — Lyme, NY
Sarah Mitchell
Compass Real Estate · Lyme, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lyme, NY Housing Market
The last median sale price Redfin published was $396,000 (through May 2026). With homes going under contract in about 111 days, Lyme is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $396,000 home is about $2,114/mo in principal and interest.
Key numbers for Lyme, NY
Median sale price
$396,000
Last published period
Redfin, through August 2025
Days on market
111
Slow-moving
Redfin, through August 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
99.0%
Selling below asking
Redfin, through August 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lyme a buyer's or seller's market?
Lyme, NY is a leaning buyer's and homes selling in about 111 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lyme housing market data show?
Every row below is Redfin's final published month for Lyme, NY. Redfin, through August 2025
| Metric | Value |
|---|---|
| Median sale price | $396,000 |
| Median price per sq ft | $141/sq ft |
| Median days on market | 111 days |
| Sale-to-list price ratio | 99.0% |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lyme is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lyme is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lyme home prices moved?
Across the 12 months we hold for Lyme, NY, the median sale price rose 37.0%, from $289,000 in July 2021 to $396,000.
Redfin, through August 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lyme?
Priced off the median sale price of $396,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $79,200 | $316,800 | $2,114/mo |
| 5% | $19,800 | $376,200 | $2,510/mo |
Redfin, through August 2025 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,114, that implies roughly $90,603 a year before you add taxes and insurance. We do not hold a Census income figure for Lyme, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lyme in the next 12 months?
Tell us your timeline. We send the Lyme market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lyme?
Zillow does not publish a rent index (ZORI) for Lyme, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lyme?
Active listings in Lyme, NY went from 1 in July 2021 to 1 in March 2024, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| July 2021 | 1 | not published |
| October 2021 | 2 | not published |
| November 2021 | 1 | not published |
| May 2023 | 1 | 1 |
| March 2024 | 1 | 1 |
Redfin, through March 2024
How does Lyme compare to New York and the U.S.?
Lyme homes sell for $396,000 — 36% below the New York median of $620,500. Against the national median of $410,700, Lyme runs 4% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lyme, NY | $396,000 | not published | 111 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through August 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lyme
What buyers should watch
- The gap between 5% and 20% down here is $396 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $396,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lyme listing goes under contract in 111 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Lyme varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lyme
Explore homes currently listed for sale in Lyme, New York across major real estate platforms.
How much do homes cost in Lyme by property type?
How the Lyme, NY market breaks down across single-family homes, condos and townhouses. Redfin, through August 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $335,000 | $233/sq ft | 1 | 50 days |
Which cities are near Lyme, NY?
Ordered by distance from Lyme, not by size. Compare Lyme side by side with any of them.
Lyme housing market FAQ
Is Lyme a buyer's or seller's market?
Lyme, NY is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Lyme?
The median sale price in the last month Redfin published was $396,000, about $141 per square foot.
Is Lyme cheaper than the rest of New York?
Lyme's median sale price of $396,000 is 36% lower than the New York statewide median of $620,500, and 4% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lyme?
Homes in Lyme, NY spent a median of 111 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Lyme?
At the current 30-year fixed rate of 7.03%, 20% down on a $396,000 home is about $2,114 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $90,603 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Lyme?
We do not hold a complete 12-month value series for Lyme, NY yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Lyme?
Lyme ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lyme?
That depends on your timeline, not on a headline. What the data says today: Lyme, NY is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $396,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.