Is Tolland, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, MA
How much do homes in Tolland, MA cost?
Median Sold Price
$402,500
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tolland have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Tolland was $402,500 in May 2024, down 4.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $630K | - | N/A |
| 2 Bedrooms | $370K | $160K | -56.8% |
| 3 Bedrooms | $362.5K | $402.5K | +11.0% |
| 4 Bedrooms | - | $405K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Tolland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.8%, 3 bedroom homes increased by 11%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Tolland, MA
How many homes are available in Tolland, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Tolland real estate market had 5 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tolland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was 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 1 homes were sold or pending in Tolland in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Tolland, MA
How long does it take to sell a home in Tolland, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +10.0% |
Summary: Homes in Tolland had an average of 22 days on market in May 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tolland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Tolland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
