Home Values

Tolland Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$259,100

  • 6.3% 1-year change
  • 2.4% 1-year forecast

The median home value in Tolland is $259,100. Tolland home values have gone up 6.3% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Tolland is $156, which is higher than the Hartford Metro average of $148. The median price of homes currently listed in Tolland is $312,500 while the median price of homes that sold is $272,647. The median rent price in Tolland is $1,450, which is higher than the Hartford Metro median of $1,235.

Foreclosures will be a factor impacting home values in the next several years. In Tolland 4.4 homes are foreclosed (per 10,000). This is greater than the Hartford Metro value of 4.0 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Tolland is 6.3%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Tolland homeowners underwater on their mortgage is 12.7%, which is lower than Hartford Metro at 17.6%.

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Relative ZHVI
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Tolland Market Overview

Data through Aug 31, 2014
  • $259,100 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $312,500 Median listing price
  • $272,647 Median sale price (Jul 31, 2014)
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Tolland Market Health

Data through Aug 31, 2014
  • 7.1/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.4 homes(Jul 31, 2014) Tolland
4 homes Hartford Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Bolton $258,800
Central Somers $256,300
Ellington $242,400
Name Median ZHVI
Storrs Mansfield $241,100
South Coventry $239,500
Willington $222,900
Name Median ZHVI
Vernon Rockville $179,300
Coventry $165,900
Stafford Springs $159,800

Listings & Sales

Data through Aug 31, 2014
  • $156 Median list price / sq ft
  • $152 Median sale price / sq ft (Jul 31, 2014)
  • 49.2% Listings with price cut
25.7%
Sold below listing
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Tolland Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,769 Tolland
    $1,574 Hartford Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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