Is North Branford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Branford was a Buyer'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
$395,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Branford have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in North Branford was $395,000 in March 2024, up 6.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36K | $185K | +413.9% |
| 2 Bedrooms | $260K | $280K | +7.7% |
| 3 Bedrooms | $370K | $400K | +8.1% |
| 4 Bedrooms | $472.5K | $445K | -5.8% |
| 5+ Bedrooms | $490K | $499K | +1.8% |
Summary: North Branford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 413.9%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Branford | $332.5K | $375K | +12.8% |
| Northford | $388.1K | $430.5K | +10.9% |
| Wallingford | $319.2K | $345K | +8.1% |
| Guilford | $525.5K | $567.5K | +8.0% |
| North Branford | $370K | $395K | +6.8% |
Housing Supply in North Branford, CT
How many homes are available in North Branford, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The North Branford real estate market had 40 homes for sale in March 2024, a 2.6% 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 | 5 | 8 | +60.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The North 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 increased by 60%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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 March 2024, up by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% 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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