Is Torrington, 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, 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
$260,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Torrington have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Torrington was $260,000 in May 2024, up 18.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102K | $139K | +36.3% |
| 2 Bedrooms | $164K | $201K | +22.6% |
| 3 Bedrooms | $235K | $270K | +14.9% |
| 4 Bedrooms | $245K | $295K | +20.4% |
| 5+ Bedrooms | $240K | $303.5K | +26.5% |
Summary: Torrington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.3%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
| Torrington | $220K | $260K | +18.2% |
| Harwinton | $345K | $377K | +9.3% |
| Winchester | $221.7K | $240K | +8.2% |
| Goshen | $530K | $565K | +6.6% |
| New Hartford | $350K | $370.9K | +6.0% |
Housing Supply in Torrington, CT
How many homes are available in Torrington, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 139 | 147 | +5.8% |
Summary: The Torrington real estate market had 147 homes for sale in May 2024, a 5.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 24 | 31 | +29.2% |
| 3 Bedrooms | 60 | 63 | +5.0% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Torrington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 45 | +40.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Torrington, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Torrington in May 2024, up by 40.6% month-over-month. Of the 45 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Torrington, CT
We’re sorry, we don't have information for this market at the moment
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