Glastonbury Real Estate Market Update: Stay Hyper-Focused on Hyper-Local Housing Trends

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.

My advise, stay Hyper-Focused on our hyper-local real estate market. Housing is essential and we do not live in a vacation/2nd home market. Buyers who come to Glastonbury are attracted to our school system, desirable housing options and location within the state for their work or family needs. In light of the big banking news last week, our hyper-local market saw rates drop which brought out more buyers. As a result, sellers on or getting ready to hit the market are seeing very motivated buyers. Are you ready to take advantage of the HOT market?

Sales of single-family homes
There are 28 available homes on the market in Glastonbury.

Per MLS in Glastonbury: 2 homes are listed under 300k and 2 homes are listed in the 300-400k range. 3 homes are listed in the 400-500k range and 1 home is listed in the 500-600k range. 1 home is listed in the 600-699k range and 2 homes are listed in the 700-800. 8 homes are listed in the 800's and 4 are in the 900's (the balance is over 1mil). In the last 180 days, 127 homes sold. 91 homes sold under 600k. If your home is in the 400k range, you are sitting in one of the most popular price points. More homes sold in that price point in the last 180 days and the median home sales price point in Glastonbury was $470k at 226.84 price per square foot.

Sales of condos
Currently, there are just 2 condos on the market in Glastonbury. There are 10 condos under contract waiting to close. In the past 180 days, the 33 condos that sold, did so on an average, 5% over-asking. We have plenty of condo buyers looking for housing! This is a great opportunity to sell high.