Is Broad Brook, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Broad Brook was a Seller's Market.
Key Takeaway
Broad Brook is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Broad Brook, CT
How much do homes in Broad Brook, CT cost?
Median Sold Price
$330,000
$187/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Broad Brook has remained the same since last year.
Summary: The median home sold price in Broad Brook was $330,000 in April 2024, the same as last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $250K | +4.2% |
| 3 Bedrooms | $339.5K | $330K | -2.8% |
| 4 Bedrooms | $425K | $370K | -12.9% |
| 5+ Bedrooms | $267.4K | $410K | +53.3% |
Summary: Broad Brook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 53.3%.
Median Sold Price Compared To Nearby Cities
| South Windsor | $335K | $379K | +13.1% |
| Enfield | $259.6K | $280.5K | +8.0% |
| Ellington | $356K | $371K | +4.2% |
| East Windsor | $280K | $290K | +3.6% |
| Broad Brook | $330K | $330K | 0.0% |
Housing Supply in Broad Brook, CT
How many homes are available in Broad Brook, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Broad Brook real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Broad Brook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broad Brook, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Broad Brook in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Broad Brook, CT
We’re sorry, we don't have information for this market at the moment
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