$3,858 Closing Credit*
$324,900
1,502 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jay Madigan, Listing Office: Berkshire Hathaway NE Prop.
Is Tolland County, 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 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
$355,392
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,180(+8.0%)
Key Takeaway
Homes in Tolland County have sold for 8% more than they did a year ago.
Summary: The median home sold price in Tolland County was $355,392 in October 2024, up 8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $155K | +14.8% |
| 2 Bedrooms | $217.2K | $243K | +11.9% |
| 3 Bedrooms | $325.4K | $363K | +11.6% |
| 4 Bedrooms | $420K | $430K | +2.4% |
| 5+ Bedrooms | $395K | $475K | +20.3% |
Summary: Tolland County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Counties
| Hartford County | $311.5K | $349.9K | +12.3% |
| New London County | $315K | $350K | +11.1% |
| Windham County | $300.4K | $330K | +9.8% |
| Hampden County | $300K | $325K | +8.3% |
| Tolland County | $329.2K | $355.3K | +8.0% |
Housing Supply in Tolland County, CT
How many homes are available in Tolland County, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 396 | 415 | +4.8% |
Summary: The Tolland County real estate market had 415 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 17 | +30.8% |
| 2 Bedrooms | 59 | 55 | -6.8% |
| 3 Bedrooms | 193 | 203 | +5.2% |
| 4 Bedrooms | 97 | 105 | +8.2% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Tolland County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 122 | +8.9% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tolland County, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 122 homes were sold or pending in Tolland County in October 2024, up by 8.9% month-over-month. Of the 122 sold homes, 30% were sold under asking, 8% were sold at asking, and 61% 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
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.