Is Tolland, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$367,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tolland was $367,500 in April 2024, up 7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $125K | -10.7% |
2 Bedrooms | $248.5K | $275K | +10.7% |
3 Bedrooms | $321K | $337.5K | +5.1% |
4 Bedrooms | $437K | $466.2K | +6.7% |
5+ Bedrooms | $365K | $593.5K | +62.6% |
Summary: Tolland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 62.6%.
Median Sold Price Compared To Nearby Cities
Willington | $286K | $373K | +30.4% |
Vernon Rockville | $252K | $279.9K | +11.1% |
Stafford Springs | $253K | $276K | +9.1% |
Tolland | $343.5K | $367.5K | +7.0% |
Ellington | $356K | $371K | +4.2% |
Housing Supply in Tolland, CT
How many homes are available in Tolland, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 47 | +42.4% |
Summary: The Tolland real estate market had 47 homes for sale in April 2024, a 42.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Tolland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Tolland in April 2024, the same as the previous month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for Tolland, CT
We’re sorry, we don't have information for this market at the moment