$5,641 Closing Credit*
$475,000
2,007 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jonathan Gineo, Listing Office: Silver and Oak Realty
Is North Branford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$410,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+10.8%)
Key Takeaway
Homes in North Branford have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in North Branford was $410,000 in October 2024, up 10.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $226K | +23.8% |
| 2 Bedrooms | $260.2K | $300K | +15.3% |
| 3 Bedrooms | $375K | $421K | +12.3% |
| 4 Bedrooms | $475K | $455K | -4.2% |
| 5+ Bedrooms | $489.9K | $499K | +1.9% |
Summary: North Branford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| North Branford | $370K | $410K | +10.8% |
| Branford | $354.3K | $389.9K | +10.0% |
| Wallingford | $327K | $355.5K | +8.7% |
| Northford | $418.5K | $450K | +7.5% |
| Guilford | $555K | $583.4K | +5.1% |
Housing Supply in North Branford, CT
How many homes are available in North Branford, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 43 | +26.5% |
Summary: The North Branford real estate market had 43 homes for sale in October 2024, a 26.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The North Branford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Branford, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in North Branford in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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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