Norwich-area home prices steady in April, with houses for sale in high demand
A typical New London County home listed for $369,900 in April, unchanged from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in April was up about 13% from April 2021. New London County's median home was 1,688 square feet for a listed price of $230 per square foot.
The New London County market was busy, with a median 34 days on market. A month earlier, homes had a median 33 days on market. The market added 384 new home listings in April, compared with the 380 added in April 2021. The market ended the month with some 301 listings of homes for sale.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
Windham County home prices stable at $349,900
Across all of Connecticut, median home prices were $499,000, falling 0.2% from a month earlier. The median Connecticut home for sale had 1,923 square feet at list price of $256 per square foot.
Across the United States, median home prices were $425,000, up 5% from a month earlier. The median American home for sale had 1,821 square feet, listed at $220 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.
This article originally appeared on The Bulletin: Norwich-area homes for sale steady at $369,900 median price