| Single Family | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $214,950 (+ 5.3%) | $215,399 (+3.4%) | 530 (-6.4%) | 785 (-3.3%) | 120 (+11.1%) |
| Condo | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $214,950 (+ 5.3%) | $215,399 (+3.4%) | 530 (-6.4%) | 785 (-3.3%) | 120 (+11.1%) |
Inventory continues to tighten in Franklin County, which remains the most affordable market in this northwestern Vermont report.
The median sale price of a single-family home in Franklin County is $214,950, up 5% from 2016, and the median sale price of a condo is $196,438, up 1%.
However, the number of single-family homes sold dropped nearly 6.5% (to 530) while the number of newly listed homes dropped 3% (to 785). Single-family homes are staying on the market longer, too — up 11% to 120 days.
In 2016, Franklin County benefitted from the shrinking inventory in nearby Chittenden County and posted an 18% increase in residential sales. In 2017, St. Albans and Swanton slowed from their highs of the previous year, while some of the outlying towns — such as Enosburgh, Sheldon, Richford, and Montgomery — posted double-digit increases in sales, perhaps due to their proximity to the Jay Peak ski region and Canada.
Fairfax saw a 7% increase in the median sale price of a single-family home — one of the highest in the county, though still quite affordable.
