Is Tolland County, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Tolland County has remained a Seller's Market.
Housing Prices in Tolland County, CT
How much do homes in Tolland County, CT cost?
Median Sold Price
$338,916
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Tolland County was $338,916 in February 2024, up 12.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119.7K | $133.5K | +11.5% |
2 Bedrooms | $195K | $215K | +10.3% |
3 Bedrooms | $301.6K | $335.6K | +11.3% |
4 Bedrooms | $389.9K | $421.3K | +8.0% |
5+ Bedrooms | $350K | $439.9K | +25.7% |
Summary: Tolland County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Counties
Windham County | $280K | $315.1K | +12.5% |
Tolland County | $302.1K | $338.9K | +12.2% |
Hartford County | $294.9K | $325K | +10.2% |
New London County | $299.9K | $325K | +8.3% |
Hampden County | $287.9K | $305.8K | +6.2% |
Housing Supply in Tolland County, CT
How many homes are available in Tolland County, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
275 | 251 | -8.7% |
Summary: The Tolland County real estate market had 251 homes for sale in February 2024, a 8.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 9 | -18.2% |
2 Bedrooms | 52 | 47 | -9.6% |
3 Bedrooms | 112 | 104 | -7.1% |
4 Bedrooms | 74 | 71 | -4.1% |
5+ Bedrooms | 26 | 20 | -23.1% |
Summary: The Tolland County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
99 | 71 | -28.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Tolland County in February 2024, down by 28.3% month-over-month. Of the 71 sold homes, 31% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Tolland County, CT
How long does it take to sell a home in Tolland County, CT?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
88 Days | 42 Days | -51.5% |
Summary: Homes in Tolland County had an average of 42 days on market in Feb 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 71 homes were sold in Tolland County; 1% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.