Glastonbury Real Estate Market Update: Low Fed Hike & High Demand for Homes

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.

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Sales of single-family homes
There are 26 available homes on the market in Glastonbury. 14 homes are new construction! Leaving only 12 pre-loved homes ready to go. Houses hitting the market this past week had significant buyer traffic and offers. The fluctuating interest rates seemed have had little to no effect on the offers made.

The past 3.5 months closed homes have sold for a median price point of $455,000 at about $218.26price per square foot.

Per MLS in Glastonbury: 2 homes are listed in the 300-400K range. 1 home is listed in the 400-500K range and 3 homes are listed in the 500-600K range. Only 1 home is listed in the 600's. 2 homes are listed in the 700-800K. 7 Homes are listed in the 800's.

Sales of condos
Currently, there are 3 condos on the market in Glastonbury. There are 8 condos under contract waiting to close. In the past 180 days, condos sold on average, 5% over-asking. If you think you want to sell your condo and you are waiting - you should reach out as soon as possible to beat the competition.