Is Branford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Branford has remained a Seller's Market.
Key Takeaway
Branford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Branford, CT
How much do homes in Branford, CT cost?
Median Sold Price
$380,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Branford have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Branford was $380,000 in May 2024, up 12.5% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $200.5K | +33.7% |
| 2 Bedrooms | $245K | $289K | +18.0% |
| 3 Bedrooms | $393K | $500K | +27.2% |
| 4 Bedrooms | $552K | $606.5K | +9.9% |
| 5+ Bedrooms | $590K | $650K | +10.2% |
Summary: Branford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.7%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 27.2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Branford | $337.8K | $380K | +12.5% |
| North Branford | $370K | $408K | +10.3% |
| East Haven | $295K | $322.6K | +9.4% |
| Guilford | $530K | $575K | +8.5% |
Housing Supply in Branford, CT
How many homes are available in Branford, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 106 | +14.0% |
Summary: The Branford real estate market had 106 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 32 | 37 | +15.6% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The Branford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Branford, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Branford in May 2024, up by 17.4% month-over-month. Of the 27 sold homes, 22% were sold under asking, 19% were sold at asking, and 59% were sold over asking.
Days on Market for Branford, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.