Is Glastonbury, 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, Glastonbury has remained a Seller's Market.
Key Takeaway
Glastonbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glastonbury, CT
How much do homes in Glastonbury, CT cost?
Median Sold Price
$489,504
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Glastonbury have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Glastonbury was $489,504 in May 2024, up 15.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $189.5K | +35.4% |
| 2 Bedrooms | $272.5K | $305K | +11.9% |
| 3 Bedrooms | $387.5K | $442K | +14.1% |
| 4 Bedrooms | $510K | $615K | +20.6% |
| 5+ Bedrooms | $780K | $845K | +8.3% |
Summary: Glastonbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| South Glastonbury | $490K | $700K | +42.9% |
| Glastonbury | $423.5K | $489.5K | +15.6% |
| Manchester | $265K | $295.2K | +11.4% |
| East Hartford | $244K | $267.1K | +9.5% |
| Wethersfield | $325K | $352K | +8.3% |
Housing Supply in Glastonbury, CT
How many homes are available in Glastonbury, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 106 | +16.5% |
Summary: The Glastonbury real estate market had 106 homes for sale in May 2024, a 16.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 25 | 31 | +24.0% |
| 4 Bedrooms | 34 | 47 | +38.2% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Glastonbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 38.2%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glastonbury, you could pay more than the asking price. 86.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Glastonbury in May 2024, down by 11.8% month-over-month. Of the 30 sold homes, 10% were sold under asking, 3% were sold at asking, and 87% were sold over asking.
Days on Market for Glastonbury, 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.