$4,038 Closing Credit*
$340,000
2,094 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lisa Romano, Listing Office: William Pitt Sotheby's Int'l
Is Tolland, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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 October 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 October 2024, up 20% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $143K | +10.0% |
| 2 Bedrooms | $254.9K | $331K | +29.8% |
| 3 Bedrooms | $335K | $385K | +14.9% |
| 4 Bedrooms | $455K | $482.5K | +6.0% |
| 5+ Bedrooms | $550K | $660K | +20.0% |
Summary: Tolland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
| Tolland | $350K | $420K | +20.0% |
| Willington | $309K | $357.5K | +15.7% |
| Vernon Rockville | $268K | $295K | +10.1% |
| Ellington | $380.5K | $395K | +3.8% |
| Stafford Springs | $263.5K | $264.9K | +0.6% |
Housing Supply in Tolland, CT
How many homes are available in Tolland, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 41 | +28.1% |
Summary: The Tolland real estate market had 41 homes for sale in October 2024, a 28.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Tolland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tolland, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Tolland in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% 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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