Glastonbury Housing Market Insights: What Every Local Homeowner Should Know
Breaking down the real estate headlines and MLS stats so you, the local homeowner, can stay informed on what matters to our hyper-local Glastonbury market.
Glastonbury's single-family home update:
There are 23 available homes on the market in Glastonbury. Available homes per price point:
100-200 = None
200-300 = None
300-400 = 5
400-500 = 3
500-600 = 3
600-700 = 3
700-800 = 1
800-900 = 1
900-1million + = 7
Most recently, the big news has been mortgage rates dropping. In fact, mortgage rates are currently expected to continue trending down through 2024 and into 2025. The Mortgage Bankers Association has been predicting the 30-year mortgage rates could potentially fall as low as 5.5% in 2025.
What would that mean for our housing market here in Glastonbury?
I suspect a continued push upwards on home prices as more buyers will come into the market to purchase AND buyers that have had “little to no luck” securing a home, will be back in the market at different price points. We will likely see these buyers adjust their overall housing budget to include higher valued homes.
Supply and demand are still key factors. This past year, low inventory numbers in housing continued to push values higher despite the rates in the high 7%-8% range.
Glastonbury's condo market update:
Currently, there are 4 condos on the market in Glastonbury. The pricing is from $275k - $425k. Only 9 condos under contract with average list price of $278k.
Getting your home ready for the market should not cause stress. An experienced & LOCAL agent can take the unknown and guess work off the table giving you a clear plan that works for your needs. With experience, comes a confidence in providing solutions for homeowners looking to move.
I have created a helpful seller’s guide. Visit for a free no obligation copy: https://bit.ly/SellerGuideRequest
Do you have a specific question about the market? Feel free to email me at [email protected] or send me a text.