Is Tolland County, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tolland County has remained a Seller's Market.
Housing Prices in Tolland County, CT
How much do homes in Tolland County, CT cost?
Median Sold Price
$340,611
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tolland County was $340,611 in April 2024, up 10.7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $140K | +1.8% |
2 Bedrooms | $195K | $216.3K | +10.9% |
3 Bedrooms | $305.5K | $340K | +11.3% |
4 Bedrooms | $399.9K | $434.7K | +8.7% |
5+ Bedrooms | $370K | $437.4K | +18.2% |
Summary: Tolland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Counties
Windham County | $286.8K | $319.4K | +11.4% |
Tolland County | $307.8K | $340.6K | +10.7% |
Hartford County | $299.7K | $329.9K | +10.1% |
New London County | $300.1K | $330K | +10.0% |
Hampden County | $290K | $310K | +6.9% |
Housing Supply in Tolland County, CT
How many homes are available in Tolland County, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
295 | 357 | +21.0% |
Summary: The Tolland County real estate market had 357 homes for sale in April 2024, a 21.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 19 | +5.6% |
2 Bedrooms | 59 | 72 | +22.0% |
3 Bedrooms | 121 | 145 | +19.8% |
4 Bedrooms | 79 | 93 | +17.7% |
5+ Bedrooms | 18 | 28 | +55.6% |
Summary: The Tolland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 93 | +16.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Tolland County in April 2024, up by 16.3% month-over-month. Of the 93 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% were sold over asking.
Days on Market for Tolland County, CT
How long does it take to sell a home in Tolland County, CT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 44 Days | +29.4% |
Summary: Homes in Tolland County had an average of 44 days on market in Apr 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 93 homes were sold in Tolland County; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.