Norwich, CT metro area Housing Market
Warm MarketComprehensive housing market data for the Norwich, CT metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$400K
↑ 14.4% YoY
Days on Market
43 days
↑ 16.2% YoY
Active Inventory
405
↓ 17.7% YoY
Homes Sold
193
↓ 9.0% YoY
Warm Market
The market is active with moderate buyer demand.
Norwich, CT metro area Market Summary
The Norwich, CT metro area housing market is heating up. As of March 2026, the median home sale price is $400K, up 14.4% year-over-year. Homes are spending a median of 43 days on the market, 16.2% longer than a year ago.
There are 405 homes for sale — 17.7% fewer than last year. With 2.1 months of supply, this is a seller's market. 244 new listings were added during this period, down 15.0% year-over-year.
Homes are selling for 101.3% of their list price on average, indicating buyers are paying above asking. 52.9% of homes sell above their asking price. 13.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
54
Contributing Factors
How This Market Compares
vs. National Median
vs. Connecticut Median
Investor Takeaway
This market shows balanced conditions. Evaluate individual deals carefully using rent-to-price ratios and local comps.
Norwich, CT metro area Market Trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed Market Metrics
Median List Price
$390K
Price per Sq Ft
$250
Sale-to-List Ratio
101.3%
Months of Supply
2.1
Sold Above List
52.9%
Price Drops
13.1%
New Listings
244
↓ 15.0% YoY
Pending Sales
256
Off Market in 2 Weeks
52.0%
Other Markets in Connecticut
Analyze a deal in Norwich, CT metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.