Insights into Glastonbury's Real Estate: Unveiling Market Trends, Inventory Challenges, and Home Selling Strategies

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. These market updates can also be seen in the Citizen every week. 


Glastonbury's single-family home update:
There are 20 available homes on the market in Glastonbury. Currently, there are 33 homes under contract waiting to close.   

Available homes per price point: 
100-200 = 0     200-300 = 1 
300-400 = 2     400-500 = 3 
500-600 = 3     600-700 = 1 
700-800 = 2     800-900 = 4 
900-1 million + = 4 

Of the 20 homes currently on the market, 7 houses are new construction (and 3 of those are under review of offers made).  That leaves 13 ready-to-move into houses on the market. If a buyer needed to move into a home in Glastonbury, they do not have a lot of options. 

The surrounding towns are in the same boat too! In fact, when buyers move into our area, they generally look at towns such as Avon, West Hartford, Simsbury, and Farmington. These markets are also starving for inventory and they see the same buyer activity we do.  As you move out to the east of Glastonbury in towns like Hebron, Bolton, Colchester and so on, there are even less options for buyers. With everyone focused on the holidays and spending time with family and friends this season, seeing a house pop on the market will be few and far between. The likely result is a flood of buyer interest as rates are fluctuating and inventory is so scarce. 

Sold Homes Year to Date per price point: 
100-200 =  0            200-300 = 16
300-400 = 60           400-500 = 75
500-600 = 58           600-700 = 35
700-800 = 35           800-900 = 32
900-1 million + = 30 

In 2021 when interest rates were so low; Glastonbury saw more buyers at the 300-400k price point. Makes sense as a lot of first-time home buyers came into the market due to overall affordability. In 2022 and now in 2023, we have been seeing an uptick in homes selling in the higher price points. Buyers can qualify and purchase homes at higher price points, even with the higher rates. As rates come down, and forecasting overall availability of homes remains low, I do not see a down-turn in home prices. I cannot say this enough; the home properly prepared for the market, updated with a great location will continue to sell at an amazing price. If you have such a house, there are buyers!! 

Glastonbury's condo home update:
We have just 4 available condos on the market. 

I have created a helpful seller’s guide.  Visit for a free no obligation copy: https://bit.ly/SellerGuideRequest

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