Is Northford, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northford is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Northford has remained a Seller's Market.

Key Takeaway

Northford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northford, CT

How much do homes in Northford, CT cost?

Median Sold Price

$430,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$38,750(+9.9%)

Key Takeaway

Homes in Northford have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Northford was $430,000 in February 2024, up 9.9% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $330K$315K
-4.5%
3 $370K$420K
+13.5%
4 $490K$448.5K
-8.5%
5+ $565K$499K
-11.7%

Summary: Northford housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Cities

Northford
+9.9%
Guilford
+7.0%
Wallingford
+3.9%
North Branford
+2.0%
North Haven
+0.9%

Housing Supply in Northford, CT

How many homes are available in Northford, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2421-12.5%

Summary: The Northford real estate market had 21 homes for sale in February 2024, a 12.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1715
-11.8%
4 44
0.0%
5+ 11
0.0%

Summary: The Northford housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northford, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Northford in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Northford, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Northford, CT

Nearby Markets to Northford, CT

What housing markets are near Northford, CT?