Is 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, 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
$371,250
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Branford have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Branford was $371,250 in April 2024, up 9.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $199.9K | +35.6% |
| 2 Bedrooms | $245.5K | $285K | +16.1% |
| 3 Bedrooms | $393K | $491.2K | +25.0% |
| 4 Bedrooms | $535K | $587.4K | +9.8% |
| 5+ Bedrooms | $590K | $650K | +10.2% |
Summary: Branford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Branford | $338.3K | $371.2K | +9.7% |
| Guilford | $520.6K | $571K | +9.7% |
| East Haven | $292.4K | $319.3K | +9.2% |
| North Branford | $378.5K | $400K | +5.7% |
Housing Supply in Branford, CT
How many homes are available in Branford, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 93 | +14.8% |
Summary: The Branford real estate market had 93 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 29 | 32 | +10.3% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 16 | 27 | +68.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Branford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 68.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Branford, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Branford in April 2024, down by 8.7% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Branford, CT
We’re sorry, we don't have information for this market at the moment
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