Is Branford, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Branford is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Branford has remained a Seller's Market.

Key Takeaway

Branford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Branford, CT

How much do homes in Branford, CT cost?

Median Sold Price

$395,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,333(+11.1%)

Key Takeaway

Homes in Branford have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Branford was $395,000 in November 2024, up 11.1% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185.2K$211.7K
+14.3%
2 $275.7K$297.5K
+7.9%
3 $455K$482.4K
+6.0%
4 $606.5K$694K
+14.4%
5+ $792K$630K
-20.5%

Summary: Branford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 20.5%.

Median Sold Price Compared To Nearby Cities

Branford
+11.1%
East Haven
+8.2%
North Branford
+7.0%
Guilford
+3.0%

Housing Supply in Branford, CT

How many homes are available in Branford, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
114113-0.9%

Summary: The Branford real estate market had 113 homes for sale in November 2024, a 0.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 105
-50.0%
2 4042
+5.0%
3 4543
-4.4%
4 1619
+18.8%
5+ 34
+33.3%

Summary: The Branford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3226-18.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer50%38%12%

Key Takeaway

If you're buying a home in Branford, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Branford in November 2024, down by 18.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 12% were sold at asking, and 38% were sold over asking.

Days on Market for Branford, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Branford, CT

Nearby Markets to Branford, CT

What housing markets are near Branford, CT?