Is North 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, North Branford has remained a Seller's Market.
Housing Prices in North Branford, CT
How much do homes in North Branford, CT cost?
Median Sold Price
$408,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Branford was $408,000 in May 2024, up 10.3% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | $200K | +85.2% |
2 Bedrooms | $250K | $300K | +20.0% |
3 Bedrooms | $380K | $410K | +7.9% |
4 Bedrooms | $482.4K | $448.5K | -7.0% |
5+ Bedrooms | $482.5K | $499.5K | +3.5% |
Summary: North Branford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 3.5%.
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% |
Wallingford | $323.7K | $345.1K | +6.6% |
Housing Supply in North Branford, CT
How many homes are available in North Branford, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 54 | +17.4% |
Summary: The North Branford real estate market had 54 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 29 | 27 | -6.9% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The North Branford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in North Branford in May 2024, up by 45.5% month-over-month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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