NORWICH - NEW LONDON Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Norwich - New London averaged 6.94% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.68% and one month ago for the week of 2024-03-07, the average rate was 6.64%.

Norwich - New London's average rate one year ago was 6.04%.

For refis of the same type during the week of 2024-04-11, the average rate was 6.46%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Norwich - New London 30 Year Fixed Rate 2024-04-11 6.94%
Norwich - New London 30 Year Fixed Rate Refi 2024-04-11 6.46%
Norwich - New London 15 Year Fixed Rate 2024-04-11 5.96%
Norwich - New London 15 Year Fixed Rate Refi 2024-04-11 6.26%
Norwich - New London 30 Year FHA 2024-04-11 6.35%
Norwich - New London 30 Year FHA Refi 2024-04-11 6.54%
Norwich - New London 30 Year USDA 2024-04-11 6.51%
Norwich - New London 30 Year USDA Refi 2024-04-11 6.91%
Norwich - New London 30 Year VA 2024-04-11 6.3%
Norwich - New London 30 Year VA Refi 2024-04-11 6.37%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within NORWICH-NEW LONDON, CT.

NORWICH - NEW LONDON Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the NORWICH-NEW LONDON, CT market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 172 6.97% $7,582
HOMESTEAD FUNDING CORP. 105 6.72% $4,119
QUICKEN LOANS, LLC 102 6.84% $6,917
TOTAL MORTGAGE SERVICES, LLC 92 6.94% $6,544
Charter Oak Federal Credit Union 92 5.18% $2,837
Chelsea Groton Bank 77 5.87% $3,398
NORWICH COMMERCIAL GROUP, INC. 62 6.88% $6,443
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 55 6.88% $5,963
NAVY FEDERAL CREDIT UNION 48 6.83% $3,951
MOVEMENT MORTGAGE, LLC 46 6.75% $6,743
Liberty Bank 43 5.94% $3,640
Prosperity Home Mortgage, LLC 39 7.05% $5,376
PRIMELENDING, A PLAINSCAPITAL COMPANY 35 7.04% $5,727
GUARANTEED RATE, INC. 31 7.01% $6,765
Citizens Bank 30 6.57% $5,967
FIRST WORLD MORTGAGE CORPORATION 21 6.35% $6,671
GUARANTEED RATE AFFINITY, LLC 21 6.77% $6,865
MORTGAGE EQUITY PARTNERS LLC 18 7.23% $7,233
JPMorgan Chase Bank 18 6.68% $6,348
T2 FINANCIAL LLC 18 7.29% $6,550
U.S. Bank 17 6.58% $6,217
CorePlus Federal Credit Union 17 6.64% $4,536
CROSSCOUNTRY MORTGAGE, LLC 17 6.87% $5,756
WILLIAM RAVEIS MORTGAGE, LLC 16 6.81% $5,035
Bank of America 15 6.28% $4,854
M&T Bank 14 6.95% $4,451
LOANDEPOT.COM, LLC 14 6.53% $10,082
EVERETT FINANCIAL, INC. 13 7.05% $9,410
Eastern Bank 12 6.07% $4,491
NEWREZ LLC 12 6.93% $6,602
Wells Fargo Bank 12 6.49% $6,691
PENNYMAC LOAN SERVICES, LLC 11 6.94% $7,009
The Washington Trust Company, of Westerly 10 6.26% $4,969
PRIMARY RESIDENTIAL MORTGAGE, INC. 10 6.42% $8,226
WASHINGTON TRUST MORTGAGE COMPANY LLC 10 6.60% $4,666
USAA Federal Savings Bank 9 6.57% $6,597
CMG MORTGAGE, INC. 9 6.74% $5,470
NFM, INC. 8 7.20% $7,669
PROVIDENT FUNDING ASSOCIATES, L.P. 8 6.69% $5,554
BROKER SOLUTIONS, INC. 7 6.32% $9,454
Webster Bank 7 6.48% $3,692
PROVINCE MORTGAGE ASSOCIATES, INC. 7 7.18% $6,869
FREEDOM MORTGAGE CORPORATION 6 7.44% $9,562
Mr. Cooper ( Nationstar Mortgage ) 6 6.97% $7,106
Navigant Credit Union 6 6.48% $3,946
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 7.58% $5,787
ALLIED MORTGAGE GROUP, INC. 6 7.81% $4,378
Newtown Savings Bank 6 6.13% $7,201
OCMBC, INC. 6 8.73% $11,604
Magnolia Bank 6 7.25% $4,455
First National Bank of America 6 10.39% $10,339
ZILLOW HOME LOANS, LLC 5 6.70% $7,564
BAY EQUITY LLC 5 7.22% $6,746
Citibank 5 5.68% $5,924
GUILD MORTGAGE COMPANY 5 7.20% $5,593
MEMBERS MORTGAGE COMPANY, INC. 5 5.15% $3,049
Mortgage Research Center, LLC 5 6.60% $5,482
Paramount Residential Mortgage Group, Inc. 5 7.27% $5,100
PAWTUCKET 5 6.13% $3,644
WESTERLY COMMUNITY 4 6.06% $4,742
Semper Home Loans, Inc. 4 7.47% $8,777
Centreville Bank 4 5.43% $3,966
Flagstar Bank, FSB 4 7.12% $4,994
Savings Bank of Danbury 4 6.03% $6,005
Ally Bank 4 6.41% $6,854
AMERICAN EAGLE FINANCIAL CREDIT UNION 4 6.09% $3,333
BETTER MORTGAGE CORPORATION 4 6.19% $10,086
UBS Bank USA 4 6.09% $5,550
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 7.65% $8,809
Bank of England 4 6.84% $8,300
TD Bank 4 6.70% $2,324
Citadel Servicing Corporation 3 10.04% $11,691
Morgan Stanley Private Bank 3 6.33% $4,083
Century Mortgage Company DBA Century Lending Company 3 7.25% $12,356
MORTGAGE MARKETS CUSO, LLC 3 6.17% $5,267
PRYSMA LENDING GROUP, LLC 3 10.17% $11,228
SCIENT Federal Credit Union 3 5.75% $3,490
MUTUAL OF OMAHA MORTGAGE, INC. 3 7.21% $6,093
Shamrock Home Loans, Inc. 3 7.75% $7,734
NATIONS DIRECT MORTGAGE, LLC 3 6.88% $11,047
EMBRACE HOME LOANS, INC. 3 7.08% $12,913
CALCON MUTUAL MORTGAGE LLC 3 7.75% $6,843
The Huntington National Bank 3 7.32% $5,218
AMERISAVE MORTGAGE CORPORATION 3 6.00% $7,964
HOMESIDE FINANCIAL, LLC 3 6.96% $6,041
Northpointe Bank 3 6.50% $5,129
NORTHPOINT MORTGAGE, INC. 3 6.99% $5,819
Metro City Bank 3 7.25% $7,559
NP, Inc. 3 7.67% $8,851
NBKC BANK 2 6.38% $4,790
Waterstone Mortgage Corporation 2 6.88% $10,808
KeyBank 2 6.06% $4,866
The Torrington Savings Bank 2 6.25% $2,390
ENVOY MORTGAGE, LTD 2 7.19% $4,316
Leader Bank 2 6.69% $13,470
Thomaston Savings Bank 2 5.25% $5,402
PREMIA MORTGAGE, LLC 2 6.43% $7,435
PLAZA HOME MORTGAGE, INC. 2 7.25% $9,701
PHH Mortgage Corporation 2 7.25% $5,264
Bethpage Federal Credit Union 2 6.50% $4,826
DIGITAL Federal Credit Union 2 6.31% $4,327
Discover Bank 2 6.62% $0
CARDINAL FINANCIAL 2 6.75% $6,157
ARC HOME LLC 2 7.69% $5,898
BAYCOAST MORTGAGE COMPANY, LLC 2 6.63% $4,103
PeoplesBank 2 6.31% $7,012
A&D Mortgage LLC 2 8.18% $11,481
USAlliance Federal Credit Union 2 7.19% $6,133
EQUITY RESOURCES, INC. 2 6.94% $5,818
Easthampton Savings Bank 2 5.94% $5,065
Stifel Bank and Trust 2 6.00% $3,561
EMM LOANS LLC 2 7.13% $9,899
BankNewport 2 6.00% $4,049
PENTAGON FEDERAL CREDIT UNION 2 5.88% $4,452
Farmers Bank & Trust 1 6.38% $4,168
Farm Credit East, ACA 1 7.55% $2,259
First-Citizens Bank & Trust Company 1 6.00% $5,535
First National Bank of Omaha 1 6.63% $4,640
First Savings Bank 1 5.88% $3,572
FM Home Loans, LLC 1 8.00% $10,523
GREENTREE MORTGAGE COMPANY, L.P. 1 6.63% $7,383
GREENWOOD 1 7.75% $2,868
DRAPER AND KRAMER MORTGAGE CORP. 1 6.50% $7,566
GUIDANCE RESIDENTIAL, LLC 1 5.25% $10,366
ADVANCIAL 1 7.75% $11,402
DEEPHAVEN MORTGAGE LLC 1 8.88% $10,644
HONDA Federal Credit Union 1 6.50% $3,737
HSBC BANK USA, NATIONAL ASSOCIATION 1 6.75% $4,757
HUDSON VALLEY CREDIT UNION 1 6.50% $4,475
CONTOUR MORTGAGE CORPORATION 1 7.13% $6,378
City National Bank 1 6.85% $3,077
Charles Schwab Bank, SSB 1 6.43% $4,275
MID-ISLAND MORTGAGE CORP. 1 6.25% $3,398
MORTGAGE ACCESS CORP. 1 6.63% $8,265
CENTRAL ONE FEDERAL CREDIT UNION 1 5.87% $4,496
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.38% $7,644
CALIBER HOME LOANS, INC. 1 6.38% $5,551
Network Funding, L.P. 1 7.00% $4,451
BOND STREET MORTGAGE, LLC 1 7.63% $4,580
NJ LENDERS CORP. 1 7.38% $4,994
North American Savings Bank, F.S.B. 1 8.25% $14,648
NORTHERN MORTGAGE SERVICES, LLC 1 8.63% $6,743
Northwest Federal Credit Union 1 5.25% $3,589
Berkshire Bank 1 6.75% $3,718
PANORAMA MORTGAGE GROUP, LLC 1 7.00% $8,149
Wyndham Capital Mortgage, Inc. 1 5.99% $7,309
ACADEMY MORTGAGE CORPORATION 1 6.75% $13,081
Baxter Credit Union 1 6.50% $4,347
Axos Bank 1 6.88% $4,219
Arvest Bank 1 6.88% $3,909
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $5,154
Raymond James Bank 1 7.25% $3,055
RESIDENTIAL HOME MORTGAGE CORPORATION 1 6.00% $10,570
SECURITYNATIONAL MORTGAGE COMPANY 1 8.63% $5,452
Sierra Pacific Mortgage Company, Inc. 1 7.63% $9,616
SIRVA MORTGAGE, INC. 1 6.13% $3,134
Ameris Bank 1 7.99% $7,441
TEACHERS 1 7.13% $4,374
The Central Trust Bank 1 7.49% $6,552
The Loan Store, Inc. 1 7.63% $6,482
Third Federal Savings and Loan Association of Cleveland 1 6.79% $0
Union Savings Bank 1 4.88% $3,344
Union Savings Bank 1 6.88% $3,810
United Nations Federal Credit Union 1 4.63% $6,128
American Mortgage & Equity Consultants, Inc. 1 8.13% $22,418
American Broadcast Employees Federal Credit Union 1 5.75% $4,177
UTILITIES EMPLOYEES CREDIT UNION 1 7.25% $4,733
Advisors Mortgage Group, L.L.C. 1 7.38% $4,187
Evolve Bank & Trust 1 7.13% $3,694
Fall River Five Cents Savings Bank 1 6.38% $2,830

NORWICH - NEW LONDON Average Closing Costs & Other Stats

NORWICH-NEW LONDON, CT's 170 lenders originated 5,295 loans during 2023. The total origination value was $1,312,575,000, with an average loan value of $247,890.

NORWICH - NEW LONDON's average closing costs are $5,512.

The top NORWICH - NEW LONDON lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 172 loans originated. Their average total fees are $7,582, which is $3,463 higher than the next largest lender, HOMESTEAD FUNDING CORP..

The lowest fee NORWICH - NEW LONDON lenders (with over 10 loans originated) are Charter Oak Federal Credit Union ($2,837), Chelsea Groton Bank ($3,398), Liberty Bank ($3,640), NAVY FEDERAL CREDIT UNION ($3,951) and HOMESTEAD FUNDING CORP. ($4,119).

The lowest rate NORWICH - NEW LONDON lenders (with over 10 loans originated) are Charter Oak Federal Credit Union (5.18%), Chelsea Groton Bank (5.87%), Liberty Bank (5.94%), Eastern Bank (6.07%) and The Washington Trust Company, of Westerly (6.26%).

NORWICH-NEW LONDON, CT Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
UNITED WHOLESALE MORTGAGE, LLC $96,395,000 $87,240,000 -9.5% 6.6%
Liberty Bank $44,130,000 $74,485,000 68.8% 5.7%
Chelsea Groton Bank $86,625,000 $59,750,000 -31.0% 4.6%
Charter Oak Federal Credit Union $124,375,000 $57,580,000 -53.7% 4.4%
QUICKEN LOANS, LLC $83,220,000 $55,790,000 -33.0% 4.3%
Citizens Bank $86,025,000 $55,380,000 -35.6% 4.2%
Fairfield County Bank $345,000 $55,005,000 15,843.5% 4.2%
NAVY FEDERAL CREDIT UNION $63,015,000 $45,745,000 -27.4% 3.5%
TOTAL MORTGAGE SERVICES, LLC $44,700,000 $42,195,000 -5.6% 3.2%
HOMESTEAD FUNDING CORP. $56,825,000 $41,330,000 -27.3% 3.1%
NORWICH COMMERCIAL GROUP, INC. $39,065,000 $36,655,000 -6.2% 2.8%
Mortgage Research Center, LLC $31,885,000 $30,810,000 -3.4% 2.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $56,380,000 $27,305,000 -51.6% 2.1%
Dime Bank $48,250,000 $24,720,000 -48.8% 1.9%
MOVEMENT MORTGAGE, LLC $20,210,000 $22,015,000 8.9% 1.7%
Prosperity Home Mortgage, LLC $34,410,000 $20,435,000 -40.6% 1.6%
GUARANTEED RATE, INC. $21,850,000 $17,520,000 -19.8% 1.3%
Centreville Bank $11,290,000 $17,510,000 55.1% 1.3%
WALKER & DUNLOP, LLC $66,025,000 $16,385,000 -75.2% 1.2%
Bank of America $20,845,000 $16,015,000 -23.2% 1.2%
Arbor Realty Trust, Inc. $14,230,000 n/a 1.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $18,235,000 $13,825,000 -24.2% 1.1%
Webster Bank $12,335,000 $12,770,000 3.5% 1.0%
Santander Bank, N.A. $525,000 $12,505,000 2,281.9% 1.0%
M&T Bank $7,530,000 $12,290,000 63.2% 0.9%
JPMorgan Chase Bank $9,595,000 $11,150,000 16.2% 0.8%
DIGITAL Federal Credit Union $740,000 $10,160,000 1,273.0% 0.8%
PAWTUCKET $9,930,000 n/a 0.8%
T2 FINANCIAL LLC $4,075,000 $9,675,000 137.4% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $11,085,000 $9,405,000 -15.2% 0.7%
LOANDEPOT.COM, LLC $44,385,000 $8,920,000 -79.9% 0.7%
GUARANTEED RATE AFFINITY, LLC $22,505,000 $8,815,000 -60.8% 0.7%
The Washington Trust Company, of Westerly $36,655,000 $8,600,000 -76.5% 0.7%
SCIENT Federal Credit Union $12,200,000 $8,450,000 -30.7% 0.6%
PENNYMAC LOAN SERVICES, LLC $18,370,000 $8,280,000 -54.9% 0.6%
CorePlus Federal Credit Union $17,855,000 $8,235,000 -53.9% 0.6%
FIRST WORLD MORTGAGE CORPORATION $11,685,000 $8,120,000 -30.5% 0.6%
U.S. Bank $8,645,000 $7,635,000 -11.7% 0.6%
Jewett City Savings Bank $12,840,000 $7,215,000 -43.8% 0.5%
MORTGAGE EQUITY PARTNERS LLC $1,395,000 $7,110,000 409.7% 0.5%
USAA Federal Savings Bank $11,535,000 $6,815,000 -40.9% 0.5%
FREEDOM MORTGAGE CORPORATION $11,205,000 $6,805,000 -39.3% 0.5%
EVERETT FINANCIAL, INC. $12,435,000 $6,575,000 -47.1% 0.5%
Savings Bank of Danbury $5,180,000 $6,500,000 25.5% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $13,960,000 $6,185,000 -55.7% 0.5%
RF Renovo Management Company, LLC $2,915,000 $5,830,000 100.0% 0.4%
NEWREZ LLC $8,430,000 $5,810,000 -31.1% 0.4%
Wells Fargo Bank $22,275,000 $5,200,000 -76.7% 0.4%
PLAZA HOME MORTGAGE, INC. $3,740,000 $5,180,000 38.5% 0.4%
Berkshire Bank $7,175,000 $5,030,000 -29.9% 0.4%
Essex Savings Bank $4,330,000 $4,960,000 14.5% 0.4%
Guilford Savings Bank The $1,385,000 $4,890,000 253.1% 0.4%
Union Savings Bank $1,230,000 $4,865,000 295.5% 0.4%
HOMEBRIDGE FINANCIAL SERVICES, INC. $9,785,000 $4,855,000 -50.4% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $2,775,000 $4,795,000 72.8% 0.4%
Eastern Bank $6,665,000 $4,625,000 -30.6% 0.4%
WILLIAM RAVEIS MORTGAGE, LLC $12,195,000 $4,605,000 -62.2% 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $2,155,000 $4,540,000 110.7% 0.3%
CMG MORTGAGE, INC. $1,830,000 $3,930,000 114.8% 0.3%
Paramount Residential Mortgage Group, Inc. $6,205,000 $3,740,000 -39.7% 0.3%
NFM, INC. $3,880,000 $3,705,000 -4.5% 0.3%
BROKER SOLUTIONS, INC. $5,205,000 $3,650,000 -29.9% 0.3%
Magnolia Bank $600,000 $3,635,000 505.8% 0.3%
AMERISAVE MORTGAGE CORPORATION $11,680,000 $3,415,000 -70.8% 0.3%
Navigant Credit Union $2,410,000 $3,105,000 28.8% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $2,790,000 $3,095,000 10.9% 0.2%
VELOCITY COMMERCIAL CAPITAL, LLC $835,000 $3,080,000 268.9% 0.2%
PROVINCE MORTGAGE ASSOCIATES, INC. $2,230,000 $3,075,000 37.9% 0.2%
WASHINGTON TRUST MORTGAGE COMPANY LLC $5,640,000 $3,005,000 -46.7% 0.2%
OCMBC, INC. $3,845,000 $2,890,000 -24.8% 0.2%
EASTERN CONNECTICUT SAVINGS BANK $35,335,000 $2,830,000 -92.0% 0.2%
UBS Bank USA $5,170,000 $2,670,000 -48.4% 0.2%
Newtown Savings Bank $2,450,000 $2,645,000 8.0% 0.2%
Citibank $3,630,000 $2,565,000 -29.3% 0.2%
Semper Home Loans, Inc. $2,245,000 $2,565,000 14.3% 0.2%
BankNewport $2,545,000 n/a 0.2%
TD Bank $5,470,000 $2,420,000 -55.8% 0.2%
AMERICAN EAGLE FINANCIAL CREDIT UNION $4,580,000 $2,200,000 -52.0% 0.2%
PeoplesBank $30,965,000 $2,170,000 -93.0% 0.2%
BAY EQUITY LLC $2,240,000 $2,165,000 -3.3% 0.2%
The Dutch Point Credit Union, Inc. $1,100,000 $2,155,000 95.9% 0.2%
Cross River Bank $2,135,000 n/a 0.2%
EMBRACE HOME LOANS, INC. $2,395,000 $2,110,000 -11.9% 0.2%
BM Real Estate Services, Inc. $2,105,000 n/a 0.2%
Citadel Servicing Corporation $765,000 $2,065,000 169.9% 0.2%
NBKC BANK $830,000 $2,060,000 148.2% 0.2%
WESTERLY COMMUNITY $1,555,000 $2,035,000 30.9% 0.2%
Discover Bank $1,795,000 $2,030,000 13.1% 0.2%
Carrington Mortgage Services, LLC $4,010,000 $2,020,000 -49.6% 0.2%
BETTER MORTGAGE CORPORATION $3,285,000 $1,980,000 -39.7% 0.2%
LENDINGHOME FUNDING CORPORATION $2,020,000 $1,845,000 -8.7% 0.1%
EMM LOANS LLC $530,000 $1,835,000 246.2% 0.1%
FINANCE OF AMERICA REVERSE LLC $370,000 $1,835,000 395.9% 0.1%
CONNECTICUT STATE EMPLOYEES $6,835,000 $1,830,000 -73.2% 0.1%
Bank of England $1,060,000 $1,800,000 69.8% 0.1%
CARDINAL FINANCIAL $3,205,000 $1,770,000 -44.8% 0.1%
Flagstar Bank, FSB $5,485,000 $1,770,000 -67.7% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $605,000 $1,765,000 191.7% 0.1%
MEMBERS MORTGAGE COMPANY, INC. $2,395,000 $1,765,000 -26.3% 0.1%
Leader Bank $4,205,000 $1,735,000 -58.7% 0.1%
NATIONS DIRECT MORTGAGE, LLC $1,720,000 n/a 0.1%
ALLIED MORTGAGE GROUP, INC. $7,665,000 $1,715,000 -77.6% 0.1%
Century Mortgage Company DBA Century Lending Company $290,000 $1,655,000 470.7% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,495,000 $1,605,000 -35.7% 0.1%
Waterstone Mortgage Corporation $1,055,000 $1,595,000 51.2% 0.1%
Figure Lending LLC $935,000 $1,540,000 64.7% 0.1%
USAlliance Federal Credit Union $1,530,000 n/a 0.1%
Ion Bank $25,360,000 $1,525,000 -94.0% 0.1%
Shamrock Home Loans, Inc. $4,785,000 $1,515,000 -68.3% 0.1%
ZILLOW HOME LOANS, LLC $1,995,000 $1,500,000 -24.8% 0.1%
GUILD MORTGAGE COMPANY $4,980,000 $1,440,000 -71.1% 0.1%
NP, Inc. $185,000 $1,435,000 675.7% 0.1%
RELIANCE FIRST CAPITAL, LLC $1,025,000 $1,405,000 37.1% 0.1%
Ally Bank $1,655,000 $1,350,000 -18.4% 0.1%
The Huntington National Bank $3,325,000 $1,350,000 -59.4% 0.1%
Northpointe Bank $2,225,000 $1,340,000 -39.8% 0.1%
Farm Credit East, ACA $1,815,000 $1,315,000 -27.5% 0.1%
A&D Mortgage LLC $1,205,000 $1,310,000 8.7% 0.1%
First National Bank of America $785,000 $1,290,000 64.3% 0.1%
The Federal Savings Bank $915,000 $1,280,000 39.9% 0.1%
ARC HOME LLC $840,000 $1,250,000 48.8% 0.1%
MID AMERICA MORTGAGE, INC. $640,000 $1,235,000 93.0% 0.1%
Morgan Stanley Private Bank $5,440,000 $1,135,000 -79.1% 0.1%
KeyBank $6,800,000 $1,120,000 -83.5% 0.1%
MORTGAGE MARKETS CUSO, LLC $665,000 $1,010,000 51.9% 0.1%
PENTAGON FEDERAL CREDIT UNION $4,600,000 $1,010,000 -78.0% 0.1%
S&T Bank $1,005,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $990,000 n/a 0.1%
Commerce Home Mortgage, Inc. $975,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $975,000 n/a 0.1%
PNC Bank $1,410,000 $960,000 -31.9% 0.1%
North American Savings Bank, F.S.B. $1,875,000 $945,000 -49.6% 0.1%
PREMIA MORTGAGE, LLC $3,215,000 $945,000 -70.6% 0.1%
Plains Commerce Bank $885,000 n/a 0.1%
United Nations Federal Credit Union $865,000 n/a 0.1%
CLIFFCO, INC. $860,000 n/a 0.1%
Bethpage Federal Credit Union $1,380,000 $820,000 -40.6% 0.1%
NORTHPOINT MORTGAGE, INC. $3,455,000 $820,000 -76.3% 0.1%
AMWEST FUNDING CORP. $225,000 $815,000 262.2% 0.1%
The People's Credit Union $530,000 $815,000 53.8% 0.1%
NUTMEG STATE FINANCIAL $1,305,000 $805,000 -38.3% 0.1%
CALCON MUTUAL MORTGAGE LLC $795,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $4,115,000 $745,000 -81.9% 0.1%
PRYSMA LENDING GROUP, LLC $665,000 $705,000 6.0% 0.1%
SPRING EQ, LLC $1,365,000 $690,000 -49.5% 0.1%
Stifel Bank and Trust $1,240,000 $690,000 -44.4% 0.1%
CONNEX CREDIT UNION $105,000 $685,000 552.4% 0.1%
Metro City Bank $535,000 $680,000 27.1% 0.1%
Thomaston Savings Bank $1,545,000 $680,000 -56.0% 0.1%
BAYCOAST MORTGAGE COMPANY, LLC $2,745,000 $660,000 -76.0% 0.1%
Windosr Federal Savings & Loan Association $545,000 $660,000 21.1% 0.1%
CONTOUR MORTGAGE CORPORATION $810,000 $655,000 -19.1% 0.0%
First-Citizens Bank & Trust Company $215,000 $655,000 204.7% 0.0%
PHH Mortgage Corporation $900,000 $635,000 -29.4% 0.0%
Northwest Community Bank $4,990,000 $630,000 -87.4% 0.0%
American Mortgage & Equity Consultants, Inc. $605,000 n/a 0.0%
RESIDENTIAL HOME MORTGAGE CORPORATION $605,000 n/a 0.0%
Easthampton Savings Bank $600,000 n/a 0.0%
UTILITIES EMPLOYEES CREDIT UNION $590,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $1,280,000 $585,000 -54.3% 0.0%
Third Federal Savings and Loan Association of Cleveland $815,000 $585,000 -28.2% 0.0%
Baxter Credit Union $195,000 $565,000 189.7% 0.0%
GREENWOOD $845,000 $555,000 -34.3% 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $555,000 n/a 0.0%
SILVER HILL FUNDING, LLC $1,795,000 $550,000 -69.4% 0.0%
Charles Schwab Bank, SSB $2,230,000 $545,000 -75.6% 0.0%
CHERRY CREEK MORTGAGE, LLC $455,000 $545,000 19.8% 0.0%
First Savings Bank $545,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $540,000 $545,000 0.9% 0.0%
East Coast Capital Corp. $625,000 $525,000 -16.0% 0.0%
American Broadcast Employees Federal Credit Union $515,000 n/a 0.0%
FIRST CREDIT CORPORATION OF NEW YORK, INC. $530,000 $515,000 -2.8% 0.0%
HOMESIDE FINANCIAL, LLC $1,035,000 $505,000 -51.2% 0.0%
Equity Prime Mortgage LLC $1,815,000 $490,000 -73.0% 0.0%
Monson Savings Bank $1,820,000 $490,000 -73.1% 0.0%
Presidential Bank, FSB $485,000 n/a 0.0%
The Torrington Savings Bank $670,000 $485,000 -27.6% 0.0%
ENVOY MORTGAGE, LTD $1,710,000 $480,000 -71.9% 0.0%
EQUITY RESOURCES, INC. $865,000 $480,000 -44.5% 0.0%
POLARIS HOME FUNDING CORP. $480,000 n/a 0.0%
CENTRAL ONE FEDERAL CREDIT UNION $125,000 $465,000 272.0% 0.0%
MLB RESIDENTIAL LENDING, LLC $455,000 n/a 0.0%
Union Savings Bank $1,230,000 $455,000 -63.0% 0.0%
PANORAMA MORTGAGE GROUP, LLC $445,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $435,000 n/a 0.0%
Keystone Funding, Inc. $435,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $3,545,000 $430,000 -87.9% 0.0%
Community First National Bank $425,000 n/a 0.0%
GREENTREE MORTGAGE COMPANY, L.P. $425,000 n/a 0.0%
SIRVA MORTGAGE, INC. $730,000 $425,000 -41.8% 0.0%
LIMA ONE CAPITAL, LLC $335,000 $410,000 22.4% 0.0%
1ST 2ND MORTGAGE COMPANY OF N.J., INC. $405,000 n/a 0.0%
NORTHERN MORTGAGE SERVICES, LLC $1,590,000 $405,000 -74.5% 0.0%
The Loan Store, Inc. $400,000 n/a 0.0%
Farmers Bank & Trust $390,000 n/a 0.0%
Peoples Bank $385,000 n/a 0.0%
The Central Trust Bank $730,000 $385,000 -47.3% 0.0%
Wyndham Capital Mortgage, Inc. $2,020,000 $385,000 -80.9% 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $1,205,000 $375,000 -68.9% 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $135,000 $370,000 174.1% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $2,375,000 $355,000 -85.1% 0.0%
FM Home Loans, LLC $345,000 n/a 0.0%
TJC Mortgage, Inc. $345,000 n/a 0.0%
21ST MORTGAGE CORPORATION $340,000 n/a 0.0%
ADVANCIAL $415,000 $325,000 -21.7% 0.0%
HOMEXPRESS MORTGAGE CORP. $1,200,000 $325,000 -72.9% 0.0%
Advisors Mortgage Group, L.L.C. $125,000 $315,000 152.0% 0.0%
MORTGAGE ACCESS CORP. $315,000 n/a 0.0%
Ixonia Bank $310,000 n/a 0.0%
Northwest Federal Credit Union $310,000 n/a 0.0%
City National Bank $4,890,000 $305,000 -93.8% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $375,000 $305,000 -18.7% 0.0%
Loan Simple, Inc. $305,000 n/a 0.0%
Network Funding, L.P. $305,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,515,000 $295,000 -80.5% 0.0%
CHURCHILL MORTGAGE CORPORATION $305,000 $295,000 -3.3% 0.0%
Ameris Bank $285,000 n/a 0.0%
Hometown Equity Mortgage, LLC $360,000 $285,000 -20.8% 0.0%
NJ LENDERS CORP. $280,000 $285,000 1.8% 0.0%
CALIBER HOME LOANS, INC. $6,505,000 $275,000 -95.8% 0.0%
FirstBank $1,045,000 $275,000 -73.7% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $265,000 n/a 0.0%
Arvest Bank $265,000 n/a 0.0%
Bank Rhode Island $265,000 $265,000 0.0% 0.0%
Lakeview Community Capital, LLC $1,080,000 $265,000 -75.5% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $265,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $1,295,000 $255,000 -80.3% 0.0%
Evolve Bank & Trust $2,920,000 $255,000 -91.3% 0.0%
Raymond James Bank $325,000 $255,000 -21.5% 0.0%
UNITED NORTHERN MORTGAGE BANKERS LIMITED $185,000 $255,000 37.8% 0.0%
HONDA Federal Credit Union $245,000 n/a 0.0%
HUDSON VALLEY CREDIT UNION $245,000 n/a 0.0%
OAKTREE FUNDING CORP. $245,000 n/a 0.0%
Ballston Spa National Bank $45,000 $240,000 433.3% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $235,000 n/a 0.0%
ANGEL OAK HOME LOANS LLC $610,000 $235,000 -61.5% 0.0%
TRIAD FINANCIAL SERVICES, INC. $205,000 $235,000 14.6% 0.0%
VILLAGE CAPITAL MORTGAGE $880,000 $235,000 -73.3% 0.0%
Axos Bank $225,000 n/a 0.0%
HARBORONE MORTGAGE, LLC $1,980,000 $225,000 -88.6% 0.0%
LEADERONE FINANCIAL CORPORATION $1,160,000 $225,000 -80.6% 0.0%
MID-ISLAND MORTGAGE CORP. $330,000 $225,000 -31.8% 0.0%
AMERICAN HERITAGE LENDING, INC. $405,000 $215,000 -46.9% 0.0%
NORTHEAST FAMILY Federal Credit Union $400,000 $210,000 -47.5% 0.0%
BOND STREET MORTGAGE, LLC $205,000 n/a 0.0%
Fall River Five Cents Savings Bank $205,000 n/a 0.0%
First National Bank of Omaha $195,000 $205,000 5.1% 0.0%
LENDSURE MORTGAGE CORP. $205,000 n/a 0.0%
GUIDANCE RESIDENTIAL, LLC $1,375,000 $195,000 -85.8% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $540,000 $185,000 -65.7% 0.0%
DEEPHAVEN MORTGAGE LLC $585,000 $175,000 -70.1% 0.0%
The Provident Bank $175,000 n/a 0.0%
ALLIANT CREDIT UNION $85,000 $165,000 94.1% 0.0%
DOMINION FINANCIAL SERVICES, LLC $165,000 n/a 0.0%
General Mortgage Capital Corporation $165,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $405,000 $160,000 -60.5% 0.0%
Service Federal Credit Union $160,000 n/a 0.0%
XCEL Federal Credit Union $135,000 n/a 0.0%
OPEN MORTGAGE, LLC $125,000 n/a 0.0%
SIKORSKY FINANCIAL $1,050,000 $120,000 -88.6% 0.0%
Bank-Fund Staff Federal Credit Union $555,000 $105,000 -81.1% 0.0%
Valley National Bank $105,000 n/a 0.0%
WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION $105,000 n/a 0.0%
TEACHERS $95,000 n/a 0.0%
BayCoast Bank $2,615,000 $90,000 -96.6% 0.0%
Deere Employees Credit Union $85,000 n/a 0.0%
ACHIEVE FINANCIAL $65,000 n/a 0.0%
GFA Federal Credit Union $65,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $740,000 $65,000 -91.2% 0.0%
Rhode Island Credit Union $65,000 n/a 0.0%
360 Federal Credit Union $95,000 $35,000 -63.2% 0.0%
Cornerstone Bank $650,000 $15,000 -97.7% 0.0%

NORWICH - NEW LONDON's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 6.6% market share. In second place, with 5.7%, is Liberty Bank, having originated $74,485,000 in loans. In third place, with 4.6%, is Chelsea Groton Bank, having originated $59,750,000 in loans. In fourth place, with 4.4%, is Charter Oak Federal Credit Union, having originated $57,580,000 in loans. In fifth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $55,790,000 in loans.


NORWICH - NEW LONDON Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - NORWICH - NEW LONDON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $269,450 (-2.0%) $385,081 (0.1%) 1.00 1,335
2018-02-01 $272,400 (-2.7%) $386,997 (-0.2%) 0.99 1,295
2018-03-01 $289,900 (1.0%) $400,665 (1.2%) 1.02 1,313
2018-04-01 $296,475 (-1.1%) $409,713 (-0.5%) 1.01 1,426
2018-05-01 $299,450 (-3.2%) $409,893 (-3.0%) 1.00 1,525
2018-06-01 $309,900 (-0.8%) $418,627 (-1.6%) 1.03 1,575
2018-07-01 $299,999 (-4.5%) $421,173 (-2.6%) 1.00 1,686
2018-08-01 $299,000 (-0.1%) $414,876 (-1.9%) 1.00 1,668
2018-09-01 $289,900 (-3.0%) $404,089 (-5.1%) 0.97 1,692
2018-10-01 $289,000 (-0.3%) $405,538 (-2.9%) 0.98 1,671
2018-11-01 $284,950 (0.0%) $411,966 (1.0%) 0.97 1,581
2018-12-01 $274,900 (-1.7%) $395,930 (-1.7%) 0.95 1,461
2019-01-01 $272,400 (1.1%) $393,474 (2.2%) 0.94 1,269
2019-02-01 $277,000 (1.7%) $397,604 (2.7%) 0.94 1,265
2019-03-01 $288,471 (-0.5%) $408,820 (2.0%) 0.94 1,282
2019-04-01 $299,900 (1.2%) $425,227 (3.8%) 0.95 1,304
2019-05-01 $313,675 (4.8%) $433,047 (5.7%) 0.98 1,385
2019-06-01 $319,900 (3.2%) $436,947 (4.4%) 1.00 1,462
2019-07-01 $309,450 (3.2%) $431,292 (2.4%) 0.97 1,472
2019-08-01 $306,518 (2.5%) $425,426 (2.5%) 0.97 1,451
2019-09-01 $302,795 (4.5%) $421,812 (4.4%) 0.97 1,432
2019-10-01 $299,925 (3.8%) $419,402 (3.4%) 0.97 1,412
2019-11-01 $299,900 (5.3%) $419,905 (1.9%) 0.98 1,324
2019-12-01 $299,675 (9.0%) $415,076 (4.8%) 1.00 1,160
2020-01-01 $299,000 (9.8%) $409,355 (4.0%) 1.00 1,006
2020-02-01 $298,000 (7.6%) $409,008 (2.9%) 0.98 961
2020-03-01 $299,000 (3.7%) $414,497 (1.4%) 0.94 967
2020-04-01 $316,500 (5.5%) $437,159 (2.8%) 0.99 923
2020-05-01 $329,000 (4.9%) $459,513 (6.1%) 1.00 854
2020-06-01 $329,900 (3.1%) $475,218 (8.8%) 0.97 794
2020-07-01 $341,450 (10.3%) $492,577 (14.2%) 0.99 690
2020-08-01 $349,900 (14.2%) $515,012 (21.1%) 1.00 634
2020-09-01 $352,250 (16.3%) $514,954 (22.1%) 1.01 636
2020-10-01 $349,450 (16.5%) $508,598 (21.3%) 1.00 648
2020-11-01 $349,900 (16.7%) $517,699 (23.3%) 1.02 591
2020-12-01 $350,000 (16.8%) $525,467 (26.6%) 1.04 516
2021-01-01 $339,900 (13.7%) $523,248 (27.8%) 1.01 420
2021-02-01 $357,475 (20.0%) $559,045 (36.7%) 1.04 329
2021-03-01 $367,400 (22.9%) $577,307 (39.3%) 1.04 323
2021-04-01 $377,400 (19.2%) $584,547 (33.7%) 1.02 356
2021-05-01 $399,000 (21.3%) $561,238 (22.1%) 1.06 396
2021-06-01 $365,950 (10.9%) $532,517 (12.1%) 0.96 477
2021-07-01 $349,900 (2.5%) $527,190 (7.0%) 0.92 541
2021-08-01 $345,000 (-1.4%) $506,939 (-1.6%) 0.92 576
2021-09-01 $348,125 (-1.2%) $492,433 (-4.4%) 0.93 563
2021-10-01 $349,000 (-0.1%) $547,747 (7.7%) 0.93 527
2021-11-01 $349,375 (-0.2%) $553,324 (6.9%) 0.93 462
2021-12-01 $336,725 (-3.8%) $578,364 (10.1%) 0.91 381
2022-01-01 $344,500 (1.4%) $611,830 (16.9%) 0.93 284
2022-02-01 $369,900 (3.5%) $650,357 (16.3%) 0.96 274
2022-03-01 $369,900 (0.7%) $631,607 (9.4%) 0.93 287
2022-04-01 $369,900 (-2.0%) $612,659 (4.8%) 0.88 299
2022-05-01 $399,900 (0.2%) $690,484 (23.0%) 0.91 365
2022-06-01 $399,725 (9.2%) $680,004 (27.7%) 0.89 421
2022-07-01 $402,500 (15.0%) $673,025 (27.7%) 0.91 466
2022-08-01 $411,250 (19.2%) $710,674 (40.2%) 0.95 467
2022-09-01 $399,900 (14.9%) $716,877 (45.6%) 0.93 453
2022-10-01 $399,900 (14.6%) $765,721 (39.8%) 0.94 446
2022-11-01 $431,950 (23.6%) $791,414 (43.0%) 1.04 419
2022-12-01 $435,000 (29.2%) $822,100 (42.1%) 1.07 335
2023-01-01 $439,725 (27.6%) $784,151 (28.2%) 1.09 288
2023-02-01 $481,725 (30.2%) $858,192 (32.0%) 1.16 261
2023-03-01 $508,948 (37.6%) $919,378 (45.6%) 1.20 249
2023-04-01 $499,389 (35.0%) $849,623 (38.7%) 1.16 282
2023-05-01 $499,900 (25.0%) $816,168 (18.2%) 1.13 319
2023-06-01 $537,000 (34.3%) $841,489 (23.8%) 1.21 330
2023-07-01 $499,900 (24.2%) $814,118 (21.0%) 1.14 322
2023-08-01 $432,425 (5.2%) $703,908 (-1.0%) 0.99 328
2023-09-01 $449,900 (12.5%) $733,303 (2.3%) 1.05 314
2023-10-01 $479,500 (19.9%) $794,470 (3.8%) 1.13 336
2023-11-01 $459,675 (6.4%) $791,694 (0.0%) 1.09 349
2023-12-01 $449,900 (3.4%) $798,914 (-2.8%) 1.10 313
2024-01-01 $454,675 (3.4%) $797,253 (1.7%) 1.11 298
2024-02-01 $478,475 (-0.7%) $858,791 (0.1%) 1.15 276
2024-03-01 $459,900 (-9.6%) $864,073 (-6.0%) 1.08 279
NORWICH - NEW LONDON's median listing price for 2024-03-01 was $459,900, a difference of $-49,048 (-9.6%) versus the prior year and $-18,575 versus the prior month.

NORWICH - NEW LONDON's median listing price comes in at 108% of the national average.

NORWICH - NEW LONDON's average listing price for 2024-03-01 was $864,073, a difference of $-55,305 (-6.0%) versus the prior year and $5,282 versus the prior month.

For the 2024-03-01 period, NORWICH - NEW LONDON had 279 MLS listings, a difference of 3 listings (1%) versus the prior month and 30 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - NORWICH - NEW LONDON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 93 days 1,703 sqft
2018-02-01 96 days 1,691 sqft
2018-03-01 73 days 1,730 sqft
2018-04-01 57 days 1,764 sqft
2018-05-01 54 days 1,746 sqft
2018-06-01 60 days 1,798 sqft
2018-07-01 65 days 1,796 sqft
2018-08-01 72 days 1,757 sqft
2018-09-01 74 days 1,750 sqft
2018-10-01 79 days 1,755 sqft
2018-11-01 84 days 1,759 sqft
2018-12-01 96 days 1,726 sqft
2019-01-01 100 days 1,724 sqft
2019-02-01 100 days 1,707 sqft
2019-03-01 81 days 1,698 sqft
2019-04-01 57 days 1,728 sqft
2019-05-01 53 days 1,810 sqft
2019-06-01 58 days 1,883 sqft
2019-07-01 65 days 1,908 sqft
2019-08-01 68 days 1,919 sqft
2019-09-01 69 days 1,933 sqft
2019-10-01 71 days 1,944 sqft
2019-11-01 75 days 1,905 sqft
2019-12-01 90 days 1,905 sqft
2020-01-01 97 days 1,881 sqft
2020-02-01 96 days 1,858 sqft
2020-03-01 62 days 1,853 sqft
2020-04-01 65 days 1,875 sqft
2020-05-01 79 days 1,875 sqft
2020-06-01 62 days 1,886 sqft
2020-07-01 50 days 1,898 sqft
2020-08-01 46 days 1,922 sqft
2020-09-01 37 days 1,910 sqft
2020-10-01 38 days 1,934 sqft
2020-11-01 47 days 1,913 sqft
2020-12-01 59 days 1,880 sqft
2021-01-01 70 days 1,816 sqft
2021-02-01 53 days 1,812 sqft
2021-03-01 33 days 1,812 sqft
2021-04-01 25 days 1,828 sqft
2021-05-01 24 days 1,800 sqft
2021-06-01 27 days 1,779 sqft
2021-07-01 31 days 1,777 sqft
2021-08-01 30 days 1,699 sqft
2021-09-01 39 days 1,743 sqft
2021-10-01 40 days 1,755 sqft
2021-11-01 44 days 1,716 sqft
2021-12-01 54 days 1,700 sqft
2022-01-01 62 days 1,702 sqft
2022-02-01 40 days 1,605 sqft
2022-03-01 31 days 1,600 sqft
2022-04-01 28 days 1,653 sqft
2022-05-01 19 days 1,760 sqft
2022-06-01 24 days 1,809 sqft
2022-07-01 29 days 1,838 sqft
2022-08-01 37 days 1,945 sqft
2022-09-01 46 days 1,905 sqft
2022-10-01 40 days 1,874 sqft
2022-11-01 49 days 1,914 sqft
2022-12-01 63 days 1,892 sqft
2023-01-01 74 days 1,851 sqft
2023-02-01 64 days 1,960 sqft
2023-03-01 44 days 2,040 sqft
2023-04-01 30 days 2,086 sqft
2023-05-01 31 days 2,049 sqft
2023-06-01 32 days 2,147 sqft
2023-07-01 33 days 2,092 sqft
2023-08-01 40 days 1,885 sqft
2023-09-01 43 days 1,885 sqft
2023-10-01 40 days 1,897 sqft
2023-11-01 42 days 1,888 sqft
2023-12-01 52 days 1,872 sqft
2024-01-01 55 days 1,860 sqft
2024-02-01 48 days 1,811 sqft
2024-03-01 37 days 1,772 sqft
NORWICH - NEW LONDON's median listing age (time on market) for 2024-03-01 was 37 days. This is -15% shorter than the same period one year ago.

NORWICH - NEW LONDON's median square footage for active listings during the 2024-03-01 period was 1,772 sqft. One year prior, the average listing was 2,040 sqft.

NORWICH-NEW LONDON, CT Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
6254 Norwich-New London, CT HUD Metro FMR Area $900 $1,040 $1,320 $1,710 $2,110
6320 Norwich-New London, CT HUD Metro FMR Area $960 $1,160 $1,430 $1,850 $2,440
6330 Norwich-New London, CT HUD Metro FMR Area $960 $1,160 $1,430 $1,850 $2,440
6333 Norwich-New London, CT HUD Metro FMR Area $1,220 $1,490 $1,830 $2,370 $3,120
6334 Norwich-New London, CT HUD Metro FMR Area $850 $1,030 $1,270 $1,640 $2,160
6335 Norwich-New London, CT HUD Metro FMR Area $1,120 $1,360 $1,670 $2,160 $2,840
6336 Norwich-New London, CT HUD Metro FMR Area $890 $1,050 $1,330 $1,750 $2,260
6338 Norwich-New London, CT HUD Metro FMR Area $970 $1,180 $1,450 $1,880 $2,470
6339 Norwich-New London, CT HUD Metro FMR Area $960 $1,160 $1,430 $1,850 $2,440
6340 Norwich-New London, CT HUD Metro FMR Area $1,030 $1,250 $1,540 $1,990 $2,620
6349 Norwich-New London, CT HUD Metro FMR Area $970 $1,180 $1,450 $1,880 $2,470
6350 Norwich-New London, CT HUD Metro FMR Area $960 $1,160 $1,430 $1,850 $2,440
6351 Norwich-New London, CT HUD Metro FMR Area $900 $1,100 $1,350 $1,750 $2,300
6353 Norwich-New London, CT HUD Metro FMR Area $920 $1,130 $1,380 $1,790 $2,350
6355 Norwich-New London, CT HUD Metro FMR Area $1,090 $1,320 $1,630 $2,110 $2,780
6357 Norwich-New London, CT HUD Metro FMR Area $1,060 $1,290 $1,590 $2,060 $2,710
6359 Norwich-New London, CT HUD Metro FMR Area $910 $1,100 $1,360 $1,760 $2,320
6360 Norwich-New London, CT HUD Metro FMR Area $920 $1,110 $1,370 $1,770 $2,330
6365 Norwich-New London, CT HUD Metro FMR Area $1,120 $1,360 $1,680 $2,180 $2,860
6370 Norwich-New London, CT HUD Metro FMR Area $870 $1,060 $1,300 $1,680 $2,210
6371 Norwich-New London, CT HUD Metro FMR Area $1,180 $1,430 $1,760 $2,280 $3,000
6372 Norwich-New London, CT HUD Metro FMR Area $970 $1,180 $1,450 $1,880 $2,470
6374 Norwich-New London, CT HUD Metro FMR Area $920 $930 $1,220 $1,520 $1,980
6375 Norwich-New London, CT HUD Metro FMR Area $980 $1,190 $1,460 $1,890 $2,490
6376 Norwich-New London, CT HUD Metro FMR Area $1,180 $1,430 $1,760 $2,280 $3,000
6378 Norwich-New London, CT HUD Metro FMR Area $1,130 $1,370 $1,690 $2,190 $2,880
6379 Norwich-New London, CT HUD Metro FMR Area $840 $1,010 $1,250 $1,620 $2,130
6380 Norwich-New London, CT HUD Metro FMR Area $780 $940 $1,160 $1,500 $1,980
6382 Norwich-New London, CT HUD Metro FMR Area $960 $1,170 $1,440 $1,870 $2,450
6383 Norwich-New London, CT HUD Metro FMR Area $970 $1,180 $1,450 $1,880 $2,470
6384 Norwich-New London, CT HUD Metro FMR Area $860 $1,040 $1,280 $1,660 $2,180
6385 Norwich-New London, CT HUD Metro FMR Area $1,150 $1,400 $1,720 $2,230 $2,930
6389 Norwich-New London, CT HUD Metro FMR Area $970 $1,180 $1,450 $1,880 $2,470
6415 Norwich-New London, CT HUD Metro FMR Area $1,070 $1,220 $1,600 $2,180 $2,720
6420 Norwich-New London, CT HUD Metro FMR Area $1,120 $1,360 $1,680 $2,180 $2,860
6439 Norwich-New London, CT HUD Metro FMR Area $970 $1,180 $1,450 $1,880 $2,470

2022 Average & Median Rent Data Statistics
NORWICH-NEW LONDON, CT average 1BR rent: $1,192, median: $1,180
NORWICH-NEW LONDON, CT average 2BR rent: $1,474, median: $1,450
NORWICH-NEW LONDON, CT average 3BR rent: $1,911, median: $1,880

NORWICH-NEW LONDON, CT Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,876 $928,560,000 $322,865
Home Improvement 729 $65,305,000 $89,582
Other 684 $74,990,000 $109,635
Cash Out Refi 615 $133,725,000 $217,439
Refi 389 $107,865,000 $277,288
NA 2 $2,130,000 $1,065,000

Norwich - New London's most frequently cited loan purpose was Home Purchase, with 2,876 originations. The 2nd most popular reason was Home Improvement, with 729 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,608 $561,100,000 $348,943
5-6% 1,003 $249,715,000 $248,968
7-8% 1,001 $264,355,000 $264,091
Over 8% 780 $102,680,000 $131,641
4-5% 303 $62,795,000 $207,244
<2.5% 255 $4,205,000 $16,490
2.5-3% 53 $9,255,000 $174,623
3-4% 27 $3,685,000 $136,481

During 2023, Norwich - New London's most frequently originated rate bucket was 6-7%, with 1,608 originations.

Loan Sizing (NORWICH-NEW LONDON, CT MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 2,007 $565,215,000 $281,622
$100,000 or less 1,577 $74,105,000 $46,991
$100k-200k 1,094 $160,140,000 $146,380
$400k-600k 448 $209,870,000 $468,460
$600k-1000k 129 $91,505,000 $709,341
$Over $1MM 40 $211,740,000 $5,293,500

NORWICH - NEW LONDON's loan sizing saw the bucket of loans from $200k-400k with 2,007 originations, totaling $565,215,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,682 $516,070,000 $306,819
Under 20% 1,222 $60,460,000 $49,476
60-80% 961 $382,135,000 $397,643
20-40% 641 $85,685,000 $133,674
40-60% 392 $166,280,000 $424,184
Over 100% 128 $45,750,000 $357,422

NORWICH - NEW LONDON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,682 originations, totaling $516,070,000 in origination value.