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

$260,400

  • 2.0% 1-year change
  • 1.6% 1-year forecast

The median home value in Tolland is $260,400. Tolland home values have gone up 2.0% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Tolland is $158, which is higher than the Hartford Metro average of $146. The median price of homes currently listed in Tolland is $325,000 while the median price of homes that sold is $266,500. The median rent price in Tolland is $1,450, which is higher than the Hartford Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Tolland 1.8 homes are foreclosed (per 10,000). This is lower than the Hartford Metro value of 2.1 and also lower than the national value of 4.2

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 6.2%, which is lower than the national value of 6.4%. 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 14.0%, which is lower than Hartford Metro at 18.1%.

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Relative ZHVI
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Tolland Market Overview

Data through Nov 30, 2014
  • $260,400 ZHVI
  • 1.6% 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
    (Nov 30, 2015)
  • $325,000 Median listing price
  • $266,500 Median sale price (Oct 31, 2014)
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Tolland Market Health

Data through Nov 30, 2014
  • 5.1/10 Stable
    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
  • 14.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.8 homes Tolland
2.1 homes Hartford Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Bolton $265,600
Central Somers $256,900
Ellington $243,100
Name Median ZHVI
South Coventry $237,600
Storrs Mansfield $233,600
Willington $222,800
Name Median ZHVI
Vernon Rockville $178,400
Coventry $167,400
Stafford Springs $154,000

Listings & Sales

Data through Nov 30, 2014
  • $158 Median list price / sq ft
  • $158 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
35.5%
Sold below listing
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Tolland Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,874 Tolland
    $1,619 Hartford Metro
    $1,342 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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