| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $469,974 | +4.4% YoY |
| Median price per sq ft | $270 | 1,794 sq ft median |
| Median days on market | 40 | -5% YoY |
| Active listings | 454 | +12% YoY |
| New listings this month | 288 | September 2026 |
| Listings with a price cut | 12% | Share of active |
| Median sale price (closed) | $420,000 | +5.0% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 102.2% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 84.6% | 384 pending |
| Inventory vs 2019 | 34% | Active listings vs same month in 2019 |
| Gross rental yield | 4.8% | 2BR fair market rent |
Metropolitan market · Connecticut · September 2026 data
What is the Norwich, CT real estate market doing?
As of September 2026, the median home listed in Norwich, CT asks $469,974, up 4.4% year over year. Homes spend a median of 40 days on market, with 454 active listings and 12% carrying a price cut; pending contracts equal 85% of active listings, and inventory sits at 34% of the same month in 2019 — a seller's market. Estimated gross rental yield on the median listing is 4.8%. Figures come from public records and industry data, updated monthly.
Median listing price
$469,974
▲ 4.4% YoY
Median $ / sq ft
$270
1,794 sq ft median
Median days on market
40
September 2026
Active listings
454
For sale now
New listings
288
September 2026
Listings with price cuts
12%
Share of active
Inventory vs 2019
34%
Same month, 2019 = 100
Pending / active
85%
Contract activity
Median sale price (closed)
$420,000
▲ 5.0% YoY · closed sales · July 2026
Sale-to-list ratio
102.2%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
377
Closed sales · July 2026, seasonally adjusted
What is the Norwich, CT housing market doing right now?
The Norwich, CT housing market lists at a $469,974 median as of September 2026, up 4.4% year over year, with a 40-day median market time and 454 homes for sale (12% with a price cut). Active inventory is 34% of the 2019 level, reading as a seller's market under WealthyBud's published buyer/seller rule. Gross rental yield is about 4.8%.
Norwich housing market statistics
The table summarizes Norwich's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Norwich.
How have home prices changed in Norwich?
Norwich home prices are up 4.4% year over year and +1.3% month over month as of September 2026, at a $469,974 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Norwich CT · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Norwich CT · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Norwich?
Norwich has 454 active listings, 288 new this month, 384 pending as of September 2026. About 12% of active listings have cut their price, and inventory sits at 34% of its 2019 level — a seller's market by pace.
Is Norwich a good real estate investment?
Norwich scores 74/100 on WealthyBud's composite Investor Score, ranking #55 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
74/100
#55 of 933 covered metros
Price volatility
Medium
σ 6.3% · 20-yr price-index swings
Norwich scores 74/100 on our composite Investor Score (#55 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 63% over five years and +100% over ten, leaving prices 68% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,866/mo for a two-bedroom, the gross rental yield on the median listing is about 4.8%; active inventory sits at 34% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 4.4% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Norwich ranks on the trending markets index.
How much is a monthly mortgage payment in Norwich?
A home at Norwich's $469,974 median listing runs about $2,572 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$2,322/mo
−$250/mo vs today
At today's rate · 7.28%
$2,572/mo
National weekly average
If rates rise 1% · 8.28%
$2,833/mo
+$260/mo vs today
Principal & interest on the $469,974 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Norwich?
To buy Norwich’s $469,974 median listing with 20% down, a household needs about $140,000 a year in gross income, keeping principal, interest and property tax ($3,258/mo) at 28% of income. That is 1.7× the area’s $84,185 median household income, so a typical Norwich household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $469,974 | September 2026 |
| Down payment (20%) | $93,995 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $2,572/mo | Rate as of 2026-10-01 |
| Property tax (1.75% effective rate) | $685/mo | Census ACS |
| Income needed (28% rule) | $140,000 | Gross household income / yr |
| Median household income | $84,185 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Norwich housing market?
Longer-run demand in Norwich shows up in 422 homes permitted in 2025; +1.2% job growth. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
422
▼ 13.3% vs 2024
1.5 per 1,000 residents
Job growth (YoY)
+1.2%
▲ 130.2k nonfarm jobs · August 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
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ReadNorwich housing market FAQ
What is the median home price in Norwich?
As of September 2026, the median listing price in Norwich, CT is $469,974, up 4.4% year over year (source: public records and industry data). Figures cover the Norwich-New London-Willimantic, CT metro area.
How much does it cost to buy a home in Norwich?
The median home listed in Norwich asks $469,974 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $2,572 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Norwich?
The median property in Norwich spends 40 days on the market, with 454 homes actively listed and 12% of them carrying a price cut — a seller's market as of September 2026.
Is it a buyer's or seller's market in Norwich?
With a median 40 days on market and 12% of active listings carrying a price cut, pending contracts at 85% of active listings, Norwich reads as a seller's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Norwich a good place to invest in real estate?
Norwich scores 74/100 on WealthyBud's Investor Score, ranking #55 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Norwich?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Norwich and the wider Connecticut market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Norwich-New London-Willimantic, CT metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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