Florence Griswold House and Museum · Photo: Pi.1415926535 · CC BY-SA 3.0141 homes sold in Old Lyme in the last year, at a typical $680K
Redfin reports Old Lyme’s sales by ZIP code, so these figures are for ZIP 06371, which takes in Old Lyme and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Old Lyme homes are listed.
Every place Old Lyme homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Old Lyme.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 97% of Old Lyme’s sales, at a typical $689K
141 homes sold in the year to May 2026.
typical sale · 136 sold in 12 months
- Per square foot
- $341CT $273
- Days to sell
- 52
- Sold over asking
- 31%
Condos: 4 sold, typical $563K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at twice the 2016 price
141 sales in the last year, against 244 in 2020 and a low of 133 in 2013. The typical sale went from $347K in 2016 to $680K.
Source: Redfin Data Center, MLS sales; for ZIP 06371, which takes in Old Lyme and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $700K buys in Old Lyme
Check a listing against what Old Lyme homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Old Lyme are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of home sales in ZIP 06371 since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 141 sales.
If you’re buying in Old Lyme
- Shop in May. It brings about 28 new listings a month, close to the busiest month, with fewer bidding wars (23% over asking).
- Bid near asking. Buyers paid 98.1% of the list price on average; 30% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 51 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 29 a month), but July is the most competitive: 24% of July sales close over asking. January has the least competition (19%) but only about 11 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Connecticut
| Old Lyme now | 2017–19 | 2021 peak | CT now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 30% | 10% | 35% | 56% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 14% | 47% | 47% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 18% |
| Price paid vs. askingAverage sale price ÷ list price | 98.1% | 95.7% | 98.5% | 102.2% |
| Days to sellMedian days from listing to contract | 51 | 104 | 58 | 39 |
41 homes for sale on a typical day
That’s 66% fewer than in 2017–19 and well under 2014’s 153.
Houses and condos, year by year
A house typically sold for $689K in the last year (136 sales), a condo for $563K (4).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 06371, which takes in Old Lyme and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Old Lyme home costs about $4,283 a month
Price: Old Lyme’s typical sale, last 12 months. Property tax at Old Lyme’s 1.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Old Lyme is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 11.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $680K home, about $8,830 a year.
Taxes vs. neighborsSchools
The schools grade for Old Lyme, from test results, graduation and how much students grow.
Schools in Old LymeTypical commute
The average one-way trip to work for people who live in Old Lyme.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Deep River Center sells for less a square foot; Essex Village and Saybrook Manor for far more
The busier markets within 25 miles of Old Lyme, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Old Lyme (ZIP 06371) | 141 | $680K | $343 | 30% | 51 |
| Niantic | 94 | $501K | $334 | 45% | 29 |
| Old Saybrook Center | 82 | $777K | $390 | 29% | 60 |
| Westbrook Center | 61 | $680K | $346 | 38% | 56 |
| Essex Village | 50 | $1M | $438 | 24% | 59 |
| Deep River Center | 35 | $407K | $282 | 34% | 71 |
| Saybrook Manor | 24 | $705K | $487 | 25% | 98 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Old Lyme, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Old Lyme. People who follow the town see it, and so do people comparing Old Lyme with their own town. No commission, no listing fee.
Questions about buying a home in Old Lyme
What do homes sell for in Old Lyme, CT?
141 homes sold in the year to May 2026 at a typical $680K, $343 a square foot.
Is Old Lyme a buyer’s or seller’s market?
A balanced market: 42 homes were for sale in May 2026 and 9 sold, about 4.3 months of supply. Buyers paid 98.1% of asking on average.
When is the best time to buy in Old Lyme?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Old Lyme?
About 1.3% of a home’s value a year. On a $680K home that’s near $8,830.
Where can I see homes for sale in Old Lyme?
Zillow, Redfin, Realtor.com and Homes.com all carry Old Lyme’s MLS listings; the search links above open each one filtered to Old Lyme.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 06371, which takes in Old Lyme and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).