$2,374 Closing Credit*
$199,900
732 SqFt
1 Bed
•1 Full Bath
Laurie Mazzeo, Listing Office: William Pitt Sotheby's Int'l
Is Branford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$377,152
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$18,485(+5.2%)
Key Takeaway
Homes in Branford have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Branford was $377,152 in August 2024, up 5.2% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $210K | +20.0% |
| 2 Bedrooms | $252K | $289K | +14.7% |
| 3 Bedrooms | $425K | $500K | +17.6% |
| 4 Bedrooms | $570K | $657.5K | +15.4% |
| 5+ Bedrooms | $921K | $630K | -31.6% |
Summary: Branford housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 31.6%.
Median Sold Price Compared To Nearby Cities
| North Branford | $375K | $410K | +9.3% |
| Guilford | $527.5K | $576.3K | +9.3% |
| East Haven | $300K | $325K | +8.3% |
| Branford | $358.6K | $377.1K | +5.2% |
Housing Supply in Branford, CT
How many homes are available in Branford, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 123 | 124 | +0.8% |
Summary: The Branford real estate market had 124 homes for sale in August 2024, a 0.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 46 | 47 | +2.2% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Branford housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Branford, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Branford in August 2024, up by 2.6% month-over-month. Of the 39 sold homes, 33% were sold under asking, 18% were sold at asking, and 49% 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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