Old Lyme

Old Lyme

Located in New London County

$681,253 Average Value
$391 Average Price per Sq Ft
38 Homes For Sale

Old Lyme paints a portrait of New London County

Old Lyme can be defined by two main communities: artists and out-of-towners. Not only is it home to several museums and art galleries established in the 20th century, but Old Lyme is also a hot tourist destination with beaches, boats and waterfront excursions along the Connecticut River to the west. “We have two kinds of areas in town – the more traditional single-family homes, and the more seasonal beach communities,” says Liz Squillacote, William Pitt Sotheby’s International Realty associate broker. “A lot of the shoreline population doubles in the summer.” Between the public arts, local shops and summer recreation, Old Lyme is a coastal community where seasonal visitors find their place among long-term homeowners.

White Sand Beach lives up to its name

While mostly made up of private beaches, a few sections of coastline are open and available to Old Lyme residents. Locals like to swim and sunbathe at Sound View Beach, which has waterfront bars as well as Italian ice and carousel rides, while the White Sand and Hains Park beaches are also open to the public. Parks around the area have playgrounds, sports facilities and driving ranges, while around 20 walking trails lead through woodlands and old caves. Five marinas provide easy access to the ocean for boats and fishing charters. “Old Lyme has the nicest beaches on the Connecticut shoreline,” Squillacote says. “It’s a very desirable town. People love living here.”

Cape Cod houses by the Connecticut River

There are homes by the beaches as well as further inland, closer to Route 156. Housing styles include cottages, condominiums and ranch-style houses, and there are also many antique houses built as far back as the 1700s. Most smaller houses with 1-acre lots cost between $100,000 and $500,000. Many of the larger contemporary and Cape Cod houses on the coast can cost between $500,000 and $1 million. The largest homes, often with three to five bedrooms and up to 15-acre lots, are most expensive, running anywhere from $1 to $3 million. “It is one of the stronger markets on the shoreline,” Squillacote says. “We’ve seen incredible price appreciation across the board at every price range in Old Lyme.”

Art galleries and museums on Lyme Street

Old Lyme’s museums, art academies and galleries are on the northwestern end of the arts district. The Florence Griswold Museum, named after the local impressionist painter, has 12 acres of historic gardens and trails, while local artists’ work is showcased in The Cooley Gallery. Self-guided tours take residents through the historic homes on Lyme Street, and live concerts and festivals are held downtown over the summer.

Sipping and shopping at the Old Lyme Marketplace

Local businesses and restaurants are mainly located within the Old Lyme Marketplace, past the arts district, north of the highway. Retail is largely driven by home, garden and specialty gift shops run by local artisans, while the many waterfront restaurants include casual dining, sports bars and pubs. Music lovers catch live performances at Side Door Jazz Club and Nightingale’s Acoustic Café. Most of the country stores and supermarkets are by Halls, Shore and Boston Post Roads.

A ratings across the board for Lyme-Old Lyme Schools

Lyme-Old Lyme Schools earn an A rating from Niche. Lyme School has a gifted and talented program and earns an A-minus on Niche, while Lyme Middle receives an A and is rated the best middle school in the county by Niche. A-rated Lyme High School has a 9-to-1 student-teacher ratio.

Highway transportation between New Haven and New London

The River Valley Transit provides 18-mile rides on Interstate 95 between Old Saybrook and New London. The closest 24-hour hospital is at the Middlesex Health Shoreline Medical Center 8 miles west in Westbrook. The Tweed New Haven Airport is over 30 miles west.

David Dunn
Written By
David Dunn

Interested in learning more about homes in this area? Reach out to Angela Flori, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Old Lyme Housing Trends

Housing Trends

Median List Price
$699,000
Median Sale Price
$632,500
Median Single Family Sale Price
$675,000
Median Townhouse Sale Price
$430,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
121
Median Home Sale Price YoY Change
$8
Average Price Per Sq Ft
$391

Neighborhood Facts

Number of Homes for Sale
38
Months of Supply
3.80

Open Houses

  • Saturday, Jun 14
    12 - 2pm

    33 Boston Post Rd, Old Lyme, CT 06371

    $598,000

    • 2 Beds
    • 2.5 Baths
    • 2,312 Sq Ft
    • 33 Boston Post Rd
    • New 6 days ago

    There is nothing as inviting as a charming Cape Cod home in Connecticut. Built in 1950 with the warmth of that era, yet updated and remodeled along the way to include central air, bright open kitchen open to the dining room. French doors that lead you to an expansive deck with a sweeping staircase to a bluestone patio overlooking the large backyard with 3.92 acres. The warmth of a wood burning

    Allyson Cotton William Pitt Sotheby's Int'l

  • Sunday, Jun 15
    12 - 2pm

    41 Gorton Ave, Old Lyme, CT 06371

    $579,900

    • 3 Beds
    • 1 Bath
    • 931 Sq Ft
    • 41 Gorton Ave
    • New 7 days ago

    WOW! Just in time for the Beach season is this YEAR-ROUND updated beach home in sought after Old Colony Beach! A short walk to the water which by some is considered the best piece of shoreline around here. Enjoy 3 bedrooms, 1 bath, and an enclosed outdoor shower upon return from a satisfactory day in the sand. A 22'x18' deck in the rear with plenty of room to grill, chill, and just be. A great

    Joe Loguidice William Raveis Real Estate

  • Sunday, Jun 15
    12 - 1pm

    295 Boston Post Rd, Old Lyme, CT 06371

    $869,999

    • 3 Beds
    • 2.5 Baths
    • 2,300 Sq Ft
    • 295 Boston Post Rd
    • New 10 days ago

    Three-Bedroom Colonial offering modern comfort on 2.5 acres. Built with classic New England charm, this home features a welcoming front porch, vinyl siding, and a gabled roof, blending seamlessly with the charm of the area. Step inside to discover a bright and airy open-concept kitchen and living room, perfect for both everyday living and entertaining. Custom designed kitchen that boasts granite

    Michael Zarotney Connecticut Real Estate Properties LLC

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Old Lyme