Is Granby, 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, Granby has remained a Seller's Market.
Key Takeaway
Granby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granby, CT
How much do homes in Granby, CT cost?
Median Sold Price
$405,000
$186/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Granby has remained the same since last year.
Summary: The median home sold price in Granby was $405,000 in March 2024, the same as last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $86.9K | -54.3% |
| 2 Bedrooms | $245K | $236.3K | -3.6% |
| 3 Bedrooms | $348.5K | $352K | +1.0% |
| 4 Bedrooms | $492.5K | $511K | +3.8% |
| 5+ Bedrooms | $499.9K | $640.5K | +28.1% |
Summary: Granby housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.3%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 28.1%.
Median Sold Price Compared To Nearby Cities
| West Granby | $520K | $651K | +25.2% |
| Granby | $405K | $405K | 0.0% |
| East Granby | $350K | $347.5K | -0.7% |
Housing Supply in Granby, CT
How many homes are available in Granby, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The Granby real estate market had 29 homes for sale in March 2024, a 31.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Granby 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 increased by 16.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 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 Granby, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Granby in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Granby, CT
We’re sorry, we don't have information for this market at the moment
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