| Single Family | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $232,000 (+14.3%) | $259,481 (+6.4%) | 51 (-8.9%) | 111 (-16.5%) | 135 (-38.6%) |
| Condo | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $194,500 (+28%) | $269,321 (+57%) | 7 (+133%) | 1 (-85%) | 113 (-9.6%) |
The growth in the median and average sold price for residential property in Addison County continued into the first quarter of 2017.
The majority of residential sales in Addison County is single-family homes; therefore a small change in the number of sales on Condominiums can have a large impact on the data.
New homes coming on the market continue to decline, with demand increasing as buyers are extending their searches to Addison County because of Chittenden County’s shrinking inventory and higher prices.
After a number of years of little to no growth in the median and average sales price for single-family homes, Addison County saw an increase in 2016 and is continuing that trend into 2017.