Is South Glastonbury, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Glastonbury has remained a Seller's Market.
Key Takeaway
South Glastonbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Glastonbury, CT
How much do homes in South Glastonbury, CT cost?
Median Sold Price
$675,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Glastonbury have sold for 30.4% more than they did a year ago.
Summary: The median home sold price in South Glastonbury was $675,000 in April 2024, up 30.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $322.5K | $375K | +16.3% |
| 3 Bedrooms | $475K | $547.5K | +15.3% |
| 4 Bedrooms | $560K | $747.4K | +33.5% |
| 5+ Bedrooms | $737.5K | $940K | +27.5% |
Summary: South Glastonbury 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 16.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Cities
| South Glastonbury | $517.5K | $675K | +30.4% |
| Marlborough | $340K | $429K | +26.2% |
| Glastonbury | $425K | $489.4K | +15.2% |
| Rocky Hill | $303.2K | $342.5K | +12.9% |
| Portland | $330K | $320K | -3.0% |
Housing Supply in South Glastonbury, CT
How many homes are available in South Glastonbury, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The South Glastonbury real estate market had 21 homes for sale in April 2024, a 5.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The South Glastonbury 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Glastonbury, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in South Glastonbury in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for South Glastonbury, CT
We’re sorry, we don't have information for this market at the moment
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