The story of this market
The typical home in ZIP 06371 sells for about $750,000, or $341 per square foot.
Prices are up +22.3% from a year ago, so sellers still have some momentum. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,172 a month.
ZIP 06371 — Old Lyme
The 06371 housing market is experiencing significant price appreciation, with median sale prices rising over 22% year-over-year. While inventory remains tight, the market is seeing increased sales activity compared to the previous year. The area remains somewhat competitive for buyers.
Median prices moved up 22.3% year over year.
Homes spend a median of 72 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 3.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06371
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Connecticut) — Municipal Real Property Tax Assessment & Mill Rate Mechanics: Under C.G.S. § 12-62a, all taxable real property is assessed uniformly at a mandatory 70% assessment ratio of its fair market value (FMV). Real property tax is computed annually using the formula: Assessed Value = Fair Market Value × 0.
Data retrieved from data.census.gov ZCTA 06371 profile
- Ocean Beach Park4.411 mi
- Supercharged Indoor Karting and Axe Throwing4.47.3 mi
- The Dinosaur Place4.47.4 mi
- Nature's Art Village4.57.4 mi
- Antique Carousel4.617.1 mi
- Mohegan Sun4.515.1 mi
- Mohegan Sun Arena4.615.1 mi
- Water's Edge Resort & Spa4.28.2 mi
- Supercharged Indoor Karting and Axe Throwing4.47.3 mi
- Goodspeed Opera House4.710.8 mi
- Gillette Castle State Park4.78.2 mi
- Rocky Neck State Park4.64 mi
- Harkness Memorial State Park4.810.5 mi
- Ocean Beach Park4.411 mi
- Essex Steam Train & Riverboat4.75.1 mi
- Mystic Seaport Museum4.617.8 mi
- Gillette Castle State Park4.78.2 mi
- Essex Steam Train & Riverboat4.75.1 mi
- B.F. Clyde's Cider Mill4.618.7 mi
- Mashantucket Pequot Museum & Research Center4.719.7 mi
- Gillette Castle State Park4.78.2 mi
- Rocky Neck State Park4.64 mi
- Harkness Memorial State Park4.810.5 mi
- Ocean Beach Park4.411 mi
- Devil's Hopyard State Park4.79.3 mi
- Peconic Bay Yacht Club4.919.1 mi
- Cedar Island Marina4.612.8 mi
- Mystic Downtown Marina4.717.4 mi
- Black Hall Marina4.73.9 mi
- Three Belles Marina4.76.1 mi
- Shennecossett Golf Course4.112.5 mi
- Fox Hopyard Golf Club4.46.8 mi
- Great Neck Country Club4.69 mi
- Fenwick Golf Course4.35.9 mi
- Cedar Ridge Golf Course3.95.2 mi
- Clinton Premium Outlets4.412.4 mi
- Burlington4.210 mi
- Westbrook Outlets47.5 mi
- Nature's Art Village4.57.4 mi
- ShopRite of New London4.110 mi
- Tweed New Haven Airport3.630.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.