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Norwich Real Estate News

NORWICH

2BR

3BR 

4BR 

Total

 

NORWICH

2BR Average

3BR Average

4BR Average

Total Average

Jan-23

5

12

4

21

Jan-23

196,700

204,825

268,975

215,110

Feb-23

6

10

6

22

 

Feb-23

102,667

268,150

252,917

218,864

Mar-23

6

13

11

30

Mar-23

193,117

255,023

303,390

260,376

Apr-23

5

14

8

27

 

Apr-23

130,536

281,900

309,175

261,951

 

The provided report illustrates the number of homes sold year-to-date (YTD) in Norwich, CT, categorized by the number of bedrooms. In January 2023, a total of 21 homes were sold, with five being 2-bedroom, twelve being 3-bedroom, and four being 4-bedroom properties. The average prices for these respective categories were $196,700 for 2-bedroom, $204,825 for 3-bedroom, and $268,975 for 4-bedroom homes. The overall average price for all homes sold in Norwich in January 2023 was $215,110.

 

Moving on to February 2023, the number of homes sold increased to a total of 22. Among these, six were 2-bedroom, ten were 3-bedroom, and six were 4-bedroom properties. The average prices for the respective categories were $102,667 for 2-bedroom, $268,150 for 3-bedroom, and $252,917 for 4-bedroom homes. The overall average price for all homes sold in Norwich in February 2023 was $218,864.

 

In March 2023, the number of homes sold in Norwich further increased to 30. This included six 2-bedroom, thirteen 3-bedroom, and eleven 4-bedroom properties. The average prices for the respective categories were $193,117 for 2-bedroom, $255,023 for 3-bedroom, and $303,390 for 4-bedroom homes. The overall average price for all homes sold in March 2023 was $260,376.

 

Lastly, in April 2023, a total of 27 homes were sold in Norwich. These comprised five 2-bedroom, fourteen 3-bedroom, and eight 4-bedroom properties. The average prices for the respective categories were $130,536 for 2-bedroom, $281,900 for 3-bedroom, and $309,175 for 4-bedroom homes. The overall average price for all homes sold in April 2023 was $261,951.

In summary, the report provides insights into the housing market in Norwich, CT, during the first four months of 2023. The data highlights fluctuations in the number of homes sold each month, with March showing the highest sales volume. Moreover, the average prices vary across different bedroom categories, with 4-bedroom homes consistently showing higher average prices compared to 2-bedroom and 3-bedroom properties. These figures can be valuable for individuals interested in the Norwich housing market, offering an understanding of market activity and pricing trends within the specified time frame.