$4,156 Closing Credit*
$350,000
1,414 SqFt
3 Beds
•1 Full Bath, 1 Partial
Emily Tucker, Listing Office: William Raveis Real Estate
Is North 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, North Branford has remained a Seller's Market.
Key Takeaway
North Branford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Branford, CT
How much do homes in North Branford, CT cost?
Median Sold Price
$410,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$35,000(+9.3%)
Key Takeaway
Homes in North Branford have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in North Branford was $410,000 in August 2024, up 9.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $200K | +11.1% |
| 2 Bedrooms | $252.5K | $300K | +18.8% |
| 3 Bedrooms | $385K | $420.5K | +9.2% |
| 4 Bedrooms | $475K | $460K | -3.2% |
| 5+ Bedrooms | $489.9K | $557K | +13.7% |
Summary: North Branford housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
| North Branford | $375K | $410K | +9.3% |
| Guilford | $527.5K | $576.3K | +9.3% |
| Wallingford | $325K | $350K | +7.7% |
| Northford | $418.5K | $450K | +7.5% |
| Branford | $358.6K | $377.1K | +5.2% |
Housing Supply in North Branford, CT
How many homes are available in North Branford, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 40 | 34 | -15.0% |
Summary: The North Branford real estate market had 34 homes for sale in August 2024, a 15.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 2 | -80.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The North Branford housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 80%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Branford, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in North Branford in August 2024, down by 25.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for North Branford, CT
We’re sorry, we don't have information for this market at the moment
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