Chittenden County saw double digit gains in single-family homes sold.

Enjoy seasonal lake & mountain views from this beautifully upgraded townhouse in the Burlington Hill Section’s Overlake Condos. | MLS# 4791372
Single-Family Homes    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$355,000 +4.4%$408,623 +7.2%1403 +13.7%1720 +12.4%45 -27.4%
Condos    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$255,000 +8.5% $283,855 +6.9%669 -0.9%738 -8.7%59 +1.7%

The housing market remains hot in Chittenden County posting double digit gains in the number of single-family homes sold.

The 12% increase in homes listed during 2019 was quickly absorbed by the buyers in the market. With mortgage interest rates dropping in 2019, many new buyers entered the market after remaining on the sidelines. Multiple offers in key areas and price points, continued to push the median and average sale prices up. Shelburne, Charlotte and South Burlington posted the highest median prices in the county while Winooski, Bolton and Milton offered homes below the county median. 

Condominiums remain a more affordable option than single-family homes in Chittenden County. The 8.5% increase in median price may be a result of newly built condos, at higher prices, in addition to the normal affects of supply & demand. Ease of maintenance, the “right size” floorplans and energy efficiency of new condominiums are attractive to families and empty- nesters alike.

In South Burlington, Hillside at O’Brien Farm welcomed 23 new homeowners with 13 more awaiting their dream homes to be completed in 2020. South Village, off of Spear Street, may introduce the long-awaited Phase 3 of their “agri-hood” community. Additional new construction projects in Shelburne, Essex and Williston may ease the inventory shortage slightly.

With “days on the market” (the time from listing to closing) at only 1.5 months, buyers must be well prepared to act fast with the assistance of their REALTOR if they want to achieve their dream of home ownership in 2020.

Single-Family HomesMEDIANVS 2017UNITS SOLDVS 2017NEWLY LISTEDVS 2017DAYS ON MARKET 
Chittenden County$355,000 4.40%140313.70%172012.40%45
Bolton$282,500 2.00%10-23.10%11-31.30%66
Buels Goren/an/an/an/an/an/an/a
Burlington$347,000 2.40%21823.90%26027.50%36
Charlotte$522,000 0.40%6622.20%9013.90%109
Colchester$363,500 7.70%16638.30%21636.70%43
Essex$339,950 6.20%2029.20%2394.80%35
Hinesburg$349,000 1.80%5130.80%51-15.00%57
Huntington$325,500 14.30%2426.30%21-32.30%50
Jericho$385,000 4.10%6930.20%8630.30%38
Milton$289,950 0.00%1166.40%1346.40%41
Richmond$350,000 8.40%3114.80%4446.70%29
Shelburne$597,500 51.50%7610.10%88-3.30%54
South Burlington$430,000 6.70%169-2.90%2249.30%43
St. George$434,393 36.80%814.30%1137.50%120
Underhill$326,500 -18.30%365.90%5031.60%35
Westford$314,900 1.60%2920.80%388.60%68
Williston$397,000 5.90%84-5.60%1082.90%45
Winooski$266,750 -5.20%4820.00%490.00%27
CondosMEDIAN SALE PRICEVS 2017UNITS SOLDVS 2017NEWLY LISTEDVS 2017DAYS ON MARKET
Chittenden County$255,000 8.50%669-0.90%738-8.70%59
Bolton$131,500 22.90%11-8.30%8-50.00%88
Burlington$268,500 2.70%1065.00%12917.30%46
Charlotten/an/an/an/a1n/an/a
Colchester$224,000 8.70%739.00%915.80%48
Essex$247,450 21.90%1387.80%139-17.80%58
Hinesburg$272,450 71.60%80.00%7-36.40%201
Jericho$291,357 24.00%1157.10%1066.70%64
Milton$213,725 6.90%2833.30%310.00%69
Richmond$212,000 -29.30%350.00%30.00%60
Shelburne$375,000 31.60%2315.00%3447.80%45
South Burlington$241,000 3.90%183-10.70%210-9.90%55
Underhilln/an/an/an/an/an/an/a
Williston$320,530 3.10%73-9.90%63-35.10%79
Winooski$250,000 -15.30%12-47.80%12-47.80%86