Is Glastonbury, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$484,029
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Glastonbury have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in Glastonbury was $484,029 in March 2024, up 16.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $165K | +22.2% |
| 2 Bedrooms | $263.5K | $300K | +13.9% |
| 3 Bedrooms | $382.5K | $439K | +14.8% |
| 4 Bedrooms | $510K | $586K | +14.9% |
| 5+ Bedrooms | $730K | $800K | +9.6% |
Summary: Glastonbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| South Glastonbury | $500K | $625K | +25.0% |
| Glastonbury | $415K | $484K | +16.6% |
| Manchester | $263.6K | $290K | +10.0% |
| East Hartford | $242.2K | $263.7K | +8.9% |
| Wethersfield | $323.4K | $347K | +7.3% |
Housing Supply in Glastonbury, CT
How many homes are available in Glastonbury, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 77 | +2.7% |
Summary: The Glastonbury real estate market had 77 homes for sale in March 2024, a 2.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Glastonbury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glastonbury, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Glastonbury in March 2024, down by 20.7% month-over-month. Of the 23 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.
Days on Market for Glastonbury, CT
We’re sorry, we don't have information for this market at the moment
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