$3,561 Closing Credit*
$299,900
1,296 SqFt
3 Beds
•1 Full Bath
Joe Sciarra, Listing Office: D.W. Fish Real Estate
Is Tolland, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, CT
How much do homes in Tolland, CT cost?
Median Sold Price
$420,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$70,000(+20.0%)
Key Takeaway
Homes in Tolland have sold for 20% more than they did a year ago.
Summary: The median home sold price in Tolland was $420,000 in November 2024, up 20% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $143K | +10.0% |
| 2 Bedrooms | $270K | $300.5K | +11.3% |
| 3 Bedrooms | $330K | $385K | +16.7% |
| 4 Bedrooms | $447.5K | $493.5K | +10.3% |
| 5+ Bedrooms | $593.5K | $660K | +11.2% |
Summary: Tolland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Tolland | $350K | $420K | +20.0% |
| Vernon Rockville | $270.8K | $308K | +13.7% |
| Willington | $312.5K | $355K | +13.6% |
| Ellington | $375.5K | $400K | +6.5% |
| Stafford Springs | $265K | $270K | +1.9% |
Housing Supply in Tolland, CT
How many homes are available in Tolland, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 35 | -14.6% |
Summary: The Tolland real estate market had 35 homes for sale in November 2024, a 14.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Tolland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tolland, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Tolland in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for Tolland, CT
We’re sorry, we don't have information for this market at the moment
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