Glastonbury Home Prices Trend Up, Up, and Away!

📊 Glastonbury, CT Market Analysis: Median Listing Price Trends (March 2024–March 2025)

Over the past year, Glastonbury’s housing market has experienced significant shifts in median listing prices, providing key insight into seller behavior, buyer demand, and broader market momentum.

🔹 Early 2024: A Rocky Start

• March 2024: $450,000

• April 2024: $383,725 (a 14.7% drop)

The market took a dip in April 2024, possibly due to seasonality or cautious seller pricing amid higher interest rates. This drop, however, proved to be temporary.

🔹 Late Spring Recovery

• May 2024: $529,191

• June 2024: $550,000 (approximate from trend)

Sellers re-entered the market confidently, pushing prices up by nearly $150,000 from April’s low. This surge likely reflects the traditional spring buying season combined with low inventory, which often sparks competition.

🔹 Summer Slowdown

• July 2024: $490,975

• August 2024: $500,000 (approximate)

The market corrected slightly in mid-summer. While still higher than the spring lows, the softening may indicate buyer fatigue or rate-sensitive adjustments.

🔹 Fall to Early Winter: Renewed Climb

• September 2024: $578,450

• October 2024: $530,000

• November 2024: $557,000

Prices rebounded again in September and held fairly strong through the fall, signaling that Glastonbury remains a desirable market despite economic headwinds. Notably, prices stabilized above the $500K mark.

🔹 2025 Momentum: A Strong Start

• December 2024: $580,000

• January 2025: $612,406

• February 2025: $610,000

• March 2025: $624,500

This steady climb in early 2025 shows renewed buyer urgency, likely driven by pent-up demand and ongoing supply constraints. The March 2025 peak of $624,500 marks a 63% increase over the April 2024 low — a staggering swing in just 11 months.

🧠 What This Means for Buyers and Sellers

For Buyers: Expect high competition, especially for turnkey homes. The sustained upward trend suggests it’s better to act sooner rather than later — waiting could mean paying significantly more just months

down the line.

For Sellers: Now is an ideal time to list. With median prices hitting all-time highs and inventory remaining tight, sellers have leverage to price confidently — and potentially spark bidding wars.

📍 Final Thoughts

The Glastonbury market has proven resilient, bouncing back strongly from early 2024 lows and pushing into new territory by spring 2025. While interest rates and economic conditions remain external variables, local demand continues to outpace supply — making Glastonbury one of the more competitive housing markets in the region.