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Old Lyme

Old Lyme

Located in New London County

$701,978 Average Value
$396 Average Price per Sq Ft
42 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

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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

Parks in this Area

Old Lyme Housing Trends

Housing Trends

Median List Price
$699,000
Median Sale Price
$625,000
Median Single Family Sale Price
$655,000
Median Townhouse Sale Price
$430,000
Median 2 Bedroom Sale Price
$719,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
137
Median Home Sale Price YoY Change
3%
Average Price Per Sq Ft
$396

Area Facts

Number of Homes in Neighborhood
4,556
Number of Homes for Sale
42
Median Year Built
1961
Months of Supply
3.70
Average Single Family Home Size Sq Ft
1,949
On par with the national average
1,925
Average Townhouse Size Sq Ft
1,334
Average 2 Bedroom Size Sq Ft
1,162
Average 1 Bedroom Size Sq Ft
526
Median Lot Size Sq Ft
20,037

Open Houses

  • Sunday, Sep 14
    Open Sun 11AM - 2PM

    9 Matson Ridge, Old Lyme, CT 06371

    $1,590,000

    • 3 Beds
    • 2.5 Baths
    • 3,478 Sq Ft
    • 9 Matson Ridge
    • New 4 days ago

    A traditional Colonial set on a quiet, tree-lined street, completely updated and refreshed with understated elegance throughout. Enter through the beautiful light-filled front foyer open to the second-floor stairwell. A formal dining room is to the left and a living room is to the right, both featuring rich hardwood floors and thoughtful architectural detail and that add depth and texture to the

    Susan Malan William Pitt Sotheby's Int'l

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  • Sunday, Sep 14
    Open Sun 10AM - 12PM

    22 Riverdale Landing, Old Lyme, CT 06371

    $1,150,000

    • 3 Beds
    • 4.5 Baths
    • 3,663 Sq Ft
    • 22 Riverdale Landing
    • New 5 days ago

    Welcome to 22 Riverdale Landing, this custom-built New England home combines timeless charm with modern comfort. Set on a serene, park-like landscape on the outer banks of Four Mile River and belonging to neighboring Oakridge Forest Association with private beach rights. Pride of ownership is apparent inside and out of this meticulously maintained property. Step inside to an airy space that flows

    Nassim Saad RE/MAX on the Bay

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  • Sunday, Sep 14
    Open Sun 11AM - 1PM

    96 Sill Ln, Old Lyme, CT 06371

    $985,000

    • 4 Beds
    • 5 Baths
    • 3,150 Sq Ft
    • 96 Sill Ln

    Welcome to 2 Wills Ridge at Sill Lane. Located just over a mile from Old Lyme village, a conservation setting frames this expansive, custom Cape. Find a first-floor primary bedroom, room to entertain, incredible updates and extensive project/workshop space. A gracious center hall invites you into the formal living room and dining rooms each with a fireplace. A top end cherry kitchen features a

    Nancy Mesham Coldwell Banker Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Area Factors

Somewhat Bikeable

Bike Score®®

5 / 100

Car-Dependent

Walk Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

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