Why Live in Old Lyme
Old Lyme, a coastal neighborhood in New London County, is known for its vibrant arts scene and seasonal beach communities. The area is home to several museums and art galleries, including the Florence Griswold Museum and The Cooley Gallery, which highlight local artists' work. Residents and visitors enjoy numerous things to do, such as exploring the public beaches like Sound View Beach, White Sand Beach, and Hains Park Beach, or taking advantage of the five marinas for boating and fishing. The neighborhood features a mix of housing styles, including cottages, condominiums, ranch-style houses, and antique homes dating back to the 1700s. The local schools, Lyme-Old Lyme Schools, are highly rated, with Lyme School, Lyme Middle, and Lyme High School all receiving top marks. Old Lyme Marketplace is the hub for local businesses and dining, offering a variety of shops, casual dining options, and live music venues like Side Door Jazz Club and Nightingale’s Acoustic Café. The area is safer than the national average, providing a sense of security for its residents. For transportation, the River Valley Transit offers convenient access to Interstate 95, connecting Old Lyme to New Haven and New London. The nearest 24-hour hospital is 8 miles away at Middlesex Health Shoreline Medical Center in Westbrook, and Tweed New Haven Airport is over 30 miles west.
Home Trends in Old Lyme, CT
On average, homes in Old Lyme, CT sell after 61 days on the market compared to the national average of 50 days. The median sale price for homes in Old Lyme, CT over the last 12 months is $625,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$625,000
Median Single Family Sale Price
$650,000
Median Townhouse Sale Price
$430,000
Average Price Per Sq Ft
$383
Number of Homes for Sale
39
Last 12 months Home Sales
118
Median List Price
$675,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
4%