Is North Branford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Branford has remained a Seller's Market.
Key Takeaway
North Branford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Branford, CT
How much do homes in North Branford, CT cost?
Median Sold Price
$400,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Branford have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in North Branford was $400,000 in April 2024, up 5.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36K | $185K | +413.9% |
| 2 Bedrooms | $247.5K | $291.2K | +17.7% |
| 3 Bedrooms | $382.5K | $400K | +4.6% |
| 4 Bedrooms | $472.5K | $441.5K | -6.6% |
| 5+ Bedrooms | $475K | $499.5K | +5.2% |
Summary: North Branford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 413.9%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Guilford | $520.6K | $571K | +9.7% |
| Branford | $338.3K | $371.2K | +9.7% |
| Wallingford | $322K | $345K | +7.1% |
| North Branford | $378.5K | $400K | +5.7% |
| Northford | $416K | $431.5K | +3.7% |
Housing Supply in North Branford, CT
How many homes are available in North Branford, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The North Branford real estate market had 41 homes for sale in April 2024, a 4.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The North Branford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Branford, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in North Branford in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for North Branford, CT
We’re sorry, we don't have information for this market at the moment
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