Is Branford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$375,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Branford have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Branford was $375,000 in March 2024, up 12.8% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $199K | +34.9% |
| 2 Bedrooms | $245K | $285.5K | +16.5% |
| 3 Bedrooms | $382.5K | $505K | +32.0% |
| 4 Bedrooms | $530K | $597.4K | +12.7% |
| 5+ Bedrooms | $585K | $750K | +28.2% |
Summary: Branford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Cities
| Branford | $332.5K | $375K | +12.8% |
| East Haven | $285K | $316K | +10.9% |
| Guilford | $525.5K | $567.5K | +8.0% |
| North Branford | $370K | $395K | +6.8% |
Housing Supply in Branford, CT
How many homes are available in Branford, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 76 | +8.6% |
Summary: The Branford real estate market had 76 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Branford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Branford, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Branford in March 2024, up by 27.8% month-over-month. Of the 23 sold homes, 30% were sold under asking, 17% were sold at asking, and 52% 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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