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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Glastonbury, CT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glastonbury, CT Housing Market Trends

With a population of 35,199, 14,078 total housing units (homes and apartments), and a median house value of $493,053, real estate costs in Glastonbury are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in Glastonbury, accounting for 75.09% of the town's housing units. Other types of housing that are prevalent in Glastonbury include row houses and other attached homes ( 9.59%), large apartment complexes or high rise apartments ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glastonbury. Owner-occupied housing accounts for 80.16% of Glastonbury's homes, and 66.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glastonbury built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Glastonbury built between 1940-1969 ( 29.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.58%). There's also some housing in Glastonbury built before 1939 ( 8.47%).

Glastonbury Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Glastonbury, where house values have increased just 43.59%, which is annualized rate of 3.68%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Glastonbury that despite a nationwide downturn in the housing market, Glastonbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glastonbury appreciation rates continue to be some of the highest in America, at 6.20%, which is higher than appreciation rates in 74.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glastonbury. Glastonbury appreciation rates in the latest quarter were at 7.03%, which equates to an annual appreciation rate of 31.22%.

Importantly, NeighborhoodScout’s exclusive research found that Glastonbury's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Connecticut, our data show that Glastonbury's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Glastonbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glastonbury - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Glastonbury real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$493,053

Glastonbury, CT Home Prices
> $1,337,000
$1,003,001 - $1,337,000
$669,001 - $1,003,000
$535,001 - $669,000
$401,001 - $535,000
$267,001 - $401,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
0.9%
0.9%
3.5%
3.5%
15.1%
15.1%
16.6%
16.6%
28.7%
28.7%
25.2%
25.2%
8.0%
8.0%
1.1%
1.1%
0.8%
0.8%
0% 100.0%
% of Homes
High

for Connecticut

Very High

for nation

Number of Homes And Apartments:

14,078

Glastonbury Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,704 / per month

Homeownership Rate

Owners
Renters
Vacant
80.2%
80.2%
19.8%
19.8%
3.9%
3.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.6%
11.6%
50.0%
50.0%
29.9%
29.9%
8.5%
8.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.1%
75.1%
9.6%
9.6%
6.0%
6.0%
8.5%
8.5%
0.8%
0.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
8.9%
8.9%
18.3%
18.3%
35.1%
35.1%
31.2%
31.2%
5.5%
5.5%
0% 100.0%
% of Homes