Is Tolland, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tolland has remained a Seller's Market.
Housing Prices in Tolland, CT
How much do homes in Tolland, CT cost?
Median Sold Price
$374,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tolland was $374,000 in May 2024, up 8.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $143K | +4.0% |
2 Bedrooms | $248.5K | $295K | +18.7% |
3 Bedrooms | $321K | $345K | +7.5% |
4 Bedrooms | $437.7K | $461.2K | +5.4% |
5+ Bedrooms | $381.3K | $605K | +58.7% |
Summary: Tolland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 58.7%.
Median Sold Price Compared To Nearby Cities
Willington | $290K | $377.5K | +30.2% |
Tolland | $345K | $374K | +8.4% |
Vernon Rockville | $260K | $279.9K | +7.7% |
Stafford Springs | $256.5K | $275K | +7.2% |
Ellington | $360K | $372K | +3.3% |
Housing Supply in Tolland, CT
How many homes are available in Tolland, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 52 | +18.2% |
Summary: The Tolland real estate market had 52 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 3 | -57.1% |
3 Bedrooms | 11 | 22 | +100.0% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Tolland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Tolland in May 2024, up by 36.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 7% were sold at asking, and 67% were sold over asking.
Days on Market for Tolland, CT
We’re sorry, we don't have information for this market at the moment