Is Torrington, 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, Torrington has remained a Seller's Market.
Key Takeaway
Torrington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Torrington, CT
How much do homes in Torrington, CT cost?
Median Sold Price
$257,166
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Torrington have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Torrington was $257,166 in April 2024, up 16.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | $136.5K | +31.8% |
| 2 Bedrooms | $162.5K | $205.5K | +26.5% |
| 3 Bedrooms | $239.9K | $260.5K | +8.6% |
| 4 Bedrooms | $240K | $297.5K | +24.0% |
| 5+ Bedrooms | $230K | $295K | +28.3% |
Summary: Torrington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Torrington | $220K | $257.1K | +16.9% |
| New Hartford | $325.5K | $376.7K | +15.7% |
| Winchester | $221.7K | $240K | +8.2% |
| Harwinton | $349.5K | $377K | +7.9% |
| Goshen | $575.2K | $557.5K | -3.1% |
Housing Supply in Torrington, CT
How many homes are available in Torrington, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 125 | 135 | +8.0% |
Summary: The Torrington real estate market had 135 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 25 | 24 | -4.0% |
| 3 Bedrooms | 56 | 59 | +5.4% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Torrington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Torrington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Torrington in April 2024, down by 16.7% month-over-month. Of the 30 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Torrington, 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.