Is Tolland, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Tolland was a Neutral Market.
Key Takeaway
Tolland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tolland, CT
How much do homes in Tolland, CT cost?
Median Sold Price
$360,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tolland have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Tolland was $360,000 in March 2024, up 5.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $125K | -10.7% |
| 2 Bedrooms | $249K | $270K | +8.4% |
| 3 Bedrooms | $320K | $335K | +4.7% |
| 4 Bedrooms | $437K | $470K | +7.6% |
| 5+ Bedrooms | $365K | $593.5K | +62.6% |
Summary: Tolland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 62.6%.
Median Sold Price Compared To Nearby Cities
| Willington | $285K | $354K | +24.2% |
| Vernon Rockville | $250K | $279.9K | +12.0% |
| Stafford Springs | $252K | $275.5K | +9.3% |
| Ellington | $355K | $378K | +6.5% |
| Tolland | $342K | $360K | +5.3% |
Housing Supply in Tolland, CT
How many homes are available in Tolland, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Tolland real estate market had 32 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Tolland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tolland, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Tolland in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Tolland, CT
We’re sorry, we don't have information for this market at the moment
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