| Single Family | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $255,000 (+11.1%) | $279,539 (+9.7%) | 256 (+6.2%) | 470 (-6.9%) | 132 (-7%) |
| Condo | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $191,000 (+12.4%) | $254,520 (+22.5%) | 17 (+70%) | 17 (-19%) | 71 (+9.2%) |
Residential sales in Addison County continue to recover after a few soft years.
First-time homebuyers looking for properties listed at $200,000 – $250,000 have created a growing market in Addison County. Our Realtors have noticed that parents of Middlebury College students are purchasing condos as either short-term or long-term dwellings. The median sale price of a condo in Addison County has jumped to $191,000, while the median sale price of a single-family home has increased by 11%, to $255,000.
Lower inventory in nearby Chittenden County might be pushing buyers a bit farther south, where buyers may find more house for their money.
There has been a sharp decline in Q3 inventory (-27%) in single-family homes in Addison County over the past 4 years, while sales have increased 21%.
While there is still an inventory shortage among all price ranges, sales have risen on homes listed between $250,000 to $450,000, according to our Realtors.