| Single Family | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $322,500 (+4%) | $367,324 (+3.5%) | 948 (+0.1) | 1323 (-7.9%) | 70 (-5.4%) |
| Condo | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $232,500 (+4.4%) | $260,328 (+5.3%) | 465 (-7.7%) | 581 (-6.4%) | 85 (+23.2%) |
Since 2014, the number of homes available for sale in Chittenden County has dropped by 31%, while the number of homes sold has jumped by 28% since Q3 2014.
Chittenden County is still our region’s most diverse market, with properties ranging from $145,000 to $5 million — an unusual range for any market in the U.S.
The median price in Chittenden County is now up to $322,500 for single-family homes and $232,500 for condos sold YTD. Again, this increase is likely a result of healthy buyer demand coupled with the decrease in properties available for purchase, which has dropped 7.9% for homes and 6.4% for condos.
Single-family homes in Chittenden County are now on the market for an average of 70 days, while condos are listed for an average of 85 days — a moderate increase that might be affected by newly constructed condos that remain on the market until construction is complete.
Newly built homes in Chittenden County are selling anywhere from $400,000 to $600,000. The cost of new construction, higher efficient homes, automated home features, and neighborhood amenities are driving market value. A good example of this mix is in the neighborhood of South Village, a community of single-family homes and townhouses in South Burlington surrounded by on-campus amenities, including an organic farm and recreation trails.