Norwich - CT housing market

The typical Norwich home is worth $433,137 as of August 2026, up 0.7% from the prior month, up 1.9% over three months, and up 6.8% from a year ago. Over the past two years values have ranged from $388,772 to $433,137.

Homes are going pending in about 8 days, slower than the 7 days seen three months earlier. There are roughly 711 homes for sale, 5% more than a year ago. 18.6% of listings have taken a price cut (up from 14.8% three months ago).

Typical rent is $2,041 a month, up 5.3% year over year, which puts the price-to-rent ratio at 17.7.

At this week's 7.40% mortgage rate with 20% down ($86,627), the typical Norwich home costs about $2,941 a month including tax and insurance, which needs a household income of roughly $126,000 to stay under a 28% payment-to-income ratio.

The typical home value ($433,137) 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 6.8% over the past year. In Norwich - CT, that means a home worth $405,559 last year is now worth roughly $433,137.

The median sale price, what homes actually close for, is $408,563. Homes are selling at 102.3% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Norwich - CT sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.

About 18.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 324 new listings hit the market each month in Norwich - CT. There are currently 711 homes for sale, up 5.0% from a year ago.

The typical monthly rent in Norwich - CT is $2,041, up 5.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.7x, toss-up (#85 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,399 a month in principal and interest, $358 more than renting before taxes, insurance and upkeep. The two break even at a 5.84% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →