$2,789 Closing Credit*
$234,900
1,224 SqFt
2 Beds
•1 Full Bath, 1 Partial
Linda Goff, Listing Office: Berkshire Hathaway NE Prop.
Is Tolland, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Tolland has remained a Seller's 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
$411,250
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$67,750(+19.7%)
Key Takeaway
Homes in Tolland have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Tolland was $411,250 in August 2024, up 19.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $143K | +5.9% |
| 2 Bedrooms | $249K | $331K | +32.9% |
| 3 Bedrooms | $330K | $360K | +9.1% |
| 4 Bedrooms | $437K | $482.5K | +10.4% |
| 5+ Bedrooms | $345.5K | $650K | +88.1% |
Summary: Tolland housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 32.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 88.1%.
Median Sold Price Compared To Nearby Cities
| Willington | $300K | $371K | +23.7% |
| Tolland | $343.5K | $411.2K | +19.7% |
| Vernon Rockville | $262K | $293K | +11.8% |
| Ellington | $362K | $390K | +7.7% |
| Stafford Springs | $260K | $275.5K | +6.0% |
Housing Supply in Tolland, CT
How many homes are available in Tolland, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 48 | 41 | -14.6% |
Summary: The Tolland real estate market had 41 homes for sale in August 2024, a 14.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Tolland housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tolland, you could pay more than the asking price. 81.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Tolland in August 2024, down by 30.4% month-over-month. Of the 16 sold homes, 13% were sold under asking, 6% were sold at asking, and 81% were sold over asking.
Days on Market for Tolland, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.