The median sale price of single-family homes jumped nearly 10% in Addison County as inventory on the market did not see the rebound recognized in other areas of northwest Vermont. Closed sales dropped sharply, exceeding the rate of decline in previous years. Middlebury saw a 25% decline in closed sales, however, an increase in newly listed homes may turnaround those results in the 3rd quarter. While we may speculate that second home and luxury home purchasers paused during the first half of the year, the increase in the median sale price does not support that theory. With a small statistical sample over the 6 months of this report, we will have a better barometer as to the market trends in Addison County as the year progresses.
| Single-Family January-June 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $412,500 +9.7% | $517,985 +10.9% | 90 -25.6% | 148 -13.5% | 51 +41.7% |
| Condos January-June 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $385,000 +19.2% | $400,500 +5.0% | 4 -50.0% | 8 0.0% | 22 +57.1% |
| SINGLE-FAMILY SALE PRICE | MEDIAN | VS 2023 | UNITS SOLD | VS 2023 | NEWLY LISTED | VS 2023 | DAYS ON MARKET |
|---|---|---|---|---|---|---|---|
| Addison | $320,000 | -39.5% | 3 | 0.0% | 8 | 14.3% | 102 |
| Bridport | $460,500 | 81.8% | 2 | -66.7% | 7 | -46.2% | 309 |
| Bristol | $380,000 | 3.8% | 5 | -58.3% | 9 | -35.7% | 50 |
| Cornwall | $1,075,000 | 104.8% | 4 | -20.0% | 6 | -25.0% | 3 |
| Ferrisburgh | $630,000 | 19.1% | 8 | -20.0% | 15 | -6.3% | 24 |
| Goshen | $297,500 | 0.0% | 2 | 0.0% | 1 | 0.0% | 22 |
| Granville | $126,000 | -69.3% | 1 | -50.0% | 1 | -66.7% | 5 |
| Hancock | $349,000 | -7.2% | 1 | 0.0% | 3 | -40.0% | 7 |
| Leicester | $324,223 | -27.0% | 2 | -50.0% | 4 | 33.3% | 97 |
| Lincoln | $492,500 | -26.1% | 4 | 100.0% | 6 | 200.0% | 71 |
| Middlebury | $410,000 | 11.6% | 12 | -25.0% | 23 | 15.0% | 28 |
| Monkton | $558,500 | 45.1% | 7 | -22.2% | 7 | -41.7% | 73 |
| New Haven | $561,375 | 15.8% | 6 | 20.0% | 9 | 80.0% | 19 |
| Orwell | $350,000 | 16.9% | 1 | -90.0% | 3 | -72.7% | 253 |
| Panton | $340,000 | 1.5% | 3 | 200.0% | 5 | 66.7% | 3 |
| Ripton | n/a | 0.0% | n/a | 0.0% | 2 | -33.3% | n/a |
| Salisbury | $340,000 | 23.6% | 4 | 33.30% | 7 | -22.2% | 20 |
| Shoreham | $389,500 | -6.10% | 8 | 60.00% | 8 | 14.30% | 124 |
| Starksboro | $350,000 | 53.90% | 3 | -50.00% | 5 | -37.50% | 48 |
| Vergennes | $390,000 | 11.40% | 11 | 0.00% | 13 | 8.30% | 19 |
| Waltham | n/a | 0.00% | n/a | 0.00% | 2 | -33.30% | n/a |
| Weybridge | $410,000 | -18.30% | 3 | -40.00% | 3 | -50.00% | 8 |
| Whiting | n/a | 0.00% | n/a | 0.00% | 1 | 0.00% | n/a |