Is Tolland County, CT 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 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
$342,725
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $145K | +3.6% |
2 Bedrooms | $206.5K | $217.7K | +5.4% |
3 Bedrooms | $308.1K | $343.8K | +11.6% |
4 Bedrooms | $400.4K | $430K | +7.4% |
5+ Bedrooms | $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 | $289.1K | $320K | +10.7% |
Tolland County | $309.9K | $342.7K | +10.6% |
New London County | $303.5K | $335K | +10.4% |
Hartford County | $299.9K | $330K | +10.0% |
Hampden County | $289.9K | $313.8K | +8.2% |
Housing Supply in Tolland County, CT
How many homes are available in Tolland County, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
360 | 390 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 11 | -42.1% |
2 Bedrooms | 79 | 83 | +5.1% |
3 Bedrooms | 141 | 166 | +17.7% |
4 Bedrooms | 95 | 103 | +8.4% |
5+ Bedrooms | 26 | 27 | +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 2024 | May 2024 | CHANGE |
---|---|---|
101 | 117 | +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
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