$5,877 Closing Credit*
$494,900
4,148 SqFt
7 Beds
•4 Full Baths
Linda Schiffert, Listing Office: Vision Real Estate
Is Torrington, 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, 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
$275,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+17.0%)
Key Takeaway
Homes in Torrington have sold for 17% more than they did a year ago.
Summary: The median home sold price in Torrington was $275,000 in October 2024, up 17% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $143K | +19.2% |
| 2 Bedrooms | $185K | $225K | +21.6% |
| 3 Bedrooms | $243.2K | $276.5K | +13.7% |
| 4 Bedrooms | $263.5K | $300K | +13.9% |
| 5+ Bedrooms | $255K | $326K | +27.8% |
Summary: Torrington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Winchester | $225K | $274K | +21.8% |
| Torrington | $235K | $275K | +17.0% |
| New Hartford | $343.5K | $399K | +16.2% |
| Goshen | $570K | $640K | +12.3% |
| Harwinton | $360K | $400K | +11.1% |
Housing Supply in Torrington, CT
How many homes are available in Torrington, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 186 | 187 | +0.5% |
Summary: The Torrington real estate market had 187 homes for sale in October 2024, a 0.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 37 | 37 | 0.0% |
| 3 Bedrooms | 86 | 77 | -10.5% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 24 | 29 | +20.8% |
Summary: The Torrington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 20.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Torrington, you could pay more than the asking price. 42.2% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Torrington in October 2024, up by 9.8% month-over-month. Of the 45 sold homes, 38% were sold under asking, 20% were sold at asking, and 42% 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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