Is Guilford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Guilford was a Seller's Market.
Key Takeaway
Guilford 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 Guilford, CT
How much do homes in Guilford, CT cost?
Median Sold Price
$575,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Guilford have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Guilford was $575,000 in May 2024, up 8.5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $201.5K | +4.7% |
| 2 Bedrooms | $400K | $427K | +6.8% |
| 3 Bedrooms | $460K | $530K | +15.2% |
| 4 Bedrooms | $660.5K | $680K | +3.0% |
| 5+ Bedrooms | $721.1K | $875.7K | +21.4% |
Summary: Guilford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Branford | $337.8K | $380K | +12.5% |
| North Branford | $370K | $408K | +10.3% |
| Guilford | $530K | $575K | +8.5% |
| Northford | $410K | $441.5K | +7.7% |
| Madison | $615K | $660K | +7.3% |
Housing Supply in Guilford, CT
How many homes are available in Guilford, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 | 119 | +20.2% |
Summary: The Guilford real estate market had 119 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 23 | 29 | +26.1% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Guilford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 26.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Guilford, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Guilford in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 21% were sold under asking, 16% were sold at asking, and 63% were sold over asking.
Days on Market for Guilford, CT
We’re sorry, we don't have information for this market at the moment
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