Is South Glastonbury, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Glastonbury is a seller's market

Buyer's
Market

Difference Since October 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

$658,750

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$112,500(+20.6%)

Key Takeaway

Homes in South Glastonbury have sold for 20.6% more than they did a year ago.

Summary: The median home sold price in South Glastonbury was $658,750 in October 2024, up 20.6% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $280K-
N/A
2 $357.5K$375K
+4.9%
3 $490K$577K
+17.8%
4 $727.5K$721.5K
-0.8%
5+ $764.9K$920K
+20.3%

Summary: South Glastonbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Cities

Portland
+21.7%
South Glastonbury
+20.6%
Glastonbury
+13.8%
Rocky Hill
+10.2%
Marlborough
+3.5%

Housing Supply in South Glastonbury, CT

How many homes are available in South Glastonbury, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2324+4.3%

Summary: The South Glastonbury real estate market had 24 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 87
-12.5%
4 611
+83.3%
5+ 64
-33.3%

Summary: The South Glastonbury housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
38+166.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Glastonbury, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in South Glastonbury in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in South Glastonbury, CT

Nearby Markets to South Glastonbury, CT

What housing markets are near South Glastonbury, CT?