Is Granby, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Granby has remained a Seller's Market.
Key Takeaway
Granby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granby, CT
How much do homes in Granby, CT cost?
Median Sold Price
$396,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Granby have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Granby was $396,000 in May 2024, down 2.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $175.9K | -7.4% |
| 2 Bedrooms | $242.5K | $240.6K | -0.8% |
| 3 Bedrooms | $350K | $353.5K | +1.0% |
| 4 Bedrooms | $488.7K | $522.5K | +6.9% |
| 5+ Bedrooms | $542.5K | $651K | +20.0% |
Summary: Granby housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
| North Granby | $452.5K | $545K | +20.4% |
| West Granby | $545K | $584.9K | +7.3% |
| East Granby | $355K | $356K | 0.3% |
| Granby | $405K | $396K | -2.2% |
Housing Supply in Granby, CT
How many homes are available in Granby, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Granby real estate market had 48 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Granby housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Granby, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Granby in May 2024, up by 60.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for Granby, CT
How long does it take to sell a home in Granby, CT?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Granby has remained consistent over time.
Summary: During May 2024, 16 homes were sold in Granby; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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