Is Broad Brook, 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, Broad Brook has remained a Seller's Market.
Key Takeaway
Broad Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broad Brook, CT
How much do homes in Broad Brook, CT cost?
Median Sold Price
$329,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Broad Brook have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Broad Brook was $329,000 in March 2024, down 0.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.5K | $265K | +24.7% |
| 3 Bedrooms | $347K | $329K | -5.2% |
| 4 Bedrooms | $425K | $340K | -20.0% |
| 5+ Bedrooms | $267.4K | $410K | +53.3% |
Summary: Broad Brook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 53.3%.
Median Sold Price Compared To Nearby Cities
| South Windsor | $338.4K | $375K | +10.8% |
| Enfield | $260K | $280K | +7.7% |
| Ellington | $355K | $378K | +6.5% |
| East Windsor | $280K | $290K | +3.6% |
| Broad Brook | $331.5K | $329K | -0.8% |
Housing Supply in Broad Brook, CT
How many homes are available in Broad Brook, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Broad Brook real estate market had 13 homes for sale in March 2024, a 18.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Broad Brook 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broad Brook, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Broad Brook in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Broad Brook, CT
We’re sorry, we don't have information for this market at the moment
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