Norwich - CT housing market
The Norwich metro has a typical home value of $436,140, up 6.6% from a year ago. Homes are moving fast at 7 days on market, a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($436,140) is the Zillow Home Value Index for the Norwich - CT metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 6.6% over the past year. In Norwich - CT, that means a home worth $409,137 last year is now worth roughly $436,140.
The median sale price , what homes actually close for , is $395,662. Homes are selling at 102.0% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Norwich - CT sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.
About 17.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 357 new listings hit the market each month in Norwich - CT. There are currently 654 homes for sale, up 11.2% from a year ago.
The typical monthly rent in Norwich - CT is $1,978, up 4.8% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in CT
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Hartford - CT | $406,788 | +5.3% | 6.0d |
| Bridgeport - CT | $700,497 | +5.6% | 11.0d |
| New Haven - CT | $414,658 | +4.9% | 8.0d |