Astrocytes are implicated in synapse formation and elimination that are associated with developmental refinements of neuronal circuits. Astrocyte dysfunctions are also linked to synapse pathologies associated with neurodevelopmental disorders and neurodegenerative diseases. Although several astrocyte-derived secreted factors are implicated in synaptogenesis, the role of contact-mediated glial-neuronal interactions in synapse formation and elimination during development is still unknown. In this study, we examined whether the loss or overexpression of the membrane-bound ephrin-B1 in astrocytes during postnatal day (P) 14-28 period would affect synapse formation and maturation in the developing hippocampus. We found enhanced excitation of CA1 pyramidal neurons in astrocyte-specific ephrin-B1 knockout (KO) male mice, which coincided with a greater vGlut1/PSD95 co-localization, higher dendritic spine density and enhanced evoked AMPAR and NMDAR excitatory postsynaptic currents (EPSCs). In contrast, EPSCs were reduced in CA1 neurons neighboring ephrin-B1 overexpressing astrocytes. Overexpression of ephrin-B1 in astrocytes during P14-28 developmental period also facilitated evoked inhibitory postsynaptic currents (IPSCs) in CA1 neurons, while evoked IPSCs and miniature IPSC (mIPSC) amplitude were reduced following astrocytic ephrin-B1 loss. Lower numbers of parvalbumin (PV)-expressing cells and a reduction in the inhibitory VGAT/Gephyrin-positive synaptic sites on CA1 neurons in the SP and SO layers of KO hippocampus may contribute to reduced inhibition and higher excitation. Finally, dysregulation of excitatory/inhibitory (E/I) balance in KO male mice is most likely responsible for impaired sociability observed in these mice. The ability of astrocytic ephrin-B1 to influence both excitatory and inhibitory synapses during development can potentially contribute to developmental refinement of neuronal circuits.