Is Tolland County, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tolland County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Tolland County has remained a Seller's Market.

Key Takeaway

Tolland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tolland County, CT

How much do homes in Tolland County, CT cost?

Median Sold Price

$342,725

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$32,802(+10.6%)

Key Takeaway

Homes in Tolland County have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Tolland County was $342,725 in May 2024, up 10.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $140K$145K
+3.6%
2 $206.5K$217.7K
+5.4%
3 $308.1K$343.8K
+11.6%
4 $400.4K$430K
+7.4%
5+ $375K$440K
+17.3%

Summary: Tolland County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Counties

Windham County
+10.7%
Tolland County
+10.6%
New London County
+10.4%
Hartford County
+10.0%
Hampden County
+8.2%

Housing Supply in Tolland County, CT

How many homes are available in Tolland County, CT?

Number of Homes For Sale

Apr 2024May 2024CHANGE
360390+8.3%

Summary: The Tolland County real estate market had 390 homes for sale in May 2024, a 8.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1911
-42.1%
2 7983
+5.1%
3 141166
+17.7%
4 95103
+8.4%
5+ 2627
+3.8%

Summary: The Tolland County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
101117+15.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

90 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tolland County, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.

Summary: A total of 117 homes were sold or pending in Tolland County in May 2024, up by 15.8% month-over-month. Of the 117 sold homes, 16% were sold under asking, 7% were sold at asking, and 77% were sold over asking.

Days on Market for Tolland County, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Tolland County, CT

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