Chittenden County Market Results

Charlotte home for sale with tennis court
517 Greenbush Road, Charlotte, VT ~ Amazing property on 5 country acres! Over 3,700 sq. ft. on 3 levels. Large kitchen with island and shiny, black granite countertops, stainless steel appliances, and so many cabinets for storage!
Single-Family January-June 2022
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$505,050 +18.8%
 $608,421 +21.4%
484 -9.7%
659 -15.4%
19 -38.7%
Condo January-June 2022
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$340,000 +21.9% $385,790 +21.7%
313 +12.2%376 -1.3%22 -35.3%

Both single-family homes and condos showed substantial price appreciation in Chittenden County. The median sale price of single-family homes rose to $505,050 – a record high. Newly listed properties dropped 15.4% to 559. Pending single-family homes in May, an indicator of home sales to come, were flat with last year and showed a 10.2% decline over a 12-month average. Limited choice and slowing buyer demand are two contributing factors to this decline.

While condominium options are slightly more plentiful in Chittenden County, new inventory was down 1.3% from 2021 with 376 new listings. Limited inventory continued to put pressure on prices as the median sale price of condominiums appreciated to $340,000, a nearly 22% increase over last year. Higher interest rates, coupled with inflation are slowing cooling demand. It is anticipated that inventory will gradually increase, slowing down price appreciation.

MEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021Average DAYS ON MARKET
Chittenden County Single-Family
$505,050 19.0%484-10.0%659-15.0%19
Bolton
$700,000 150.0%1-50.0%30.0%4
Burlington
$550,000 22.2%821.2%121-2.4%19
Charlotte
$767,500 21.8%16-5.9%22-24.1%14
Colchester
$498,500 13.9%46-14.8%55-34.5%21
Essex
$447,700 24.4%835.1%89-18.4%22
Hinesburg
$630,000 38.2%1721.4%3461.9%9
Huntington
$350,000 -9.6%11120.0%1587.5%30
Jericho
$630,000 30.5%13-40.9%21-38.2%15
Milton
$407,000 16.3%31-32.6%41-45.3%18
Richmond
$453,600 -10.2%980.0%9-43.8%8
Shelburne
$804,000 21.8%35-28.6%55-1.8%25
South Burlington
$532,500 4.5%59-28.1%87-21.6%22
St. George
$455,000 -17.7%1-85.7%6-14.3%5
Underhill
$597,500 67.1%833.3%1110.0%14
Westford
$423,000 18.5%8-27.3%11-21.4%11
Williston
$605,355 27.5%4418.9%6224.0%20
Winooski
$391,250 20.8%205.3%17-39.3%9
MEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021Average DAYS ON MARKET
Chittenden County Condo$340,000 22.00%31312.00%376-1.00%22
Bolton$293,600 73.70%4-20.00%40.00%5
Burlington$395,000 41.10%5422.70%8144.60%14
Colchester$340,000 30.80%375.70%40-4.80%12
Essex$320,000 43.20%56-3.50%68-5.60%13
Hinesburg$422,500 30.90%60.00%833.30%6
Jericho$253,000 -50.70%1-66.70%1-75.00%4
Milton$270,000 11.60%9-18.20%1946.20%28
Richmond$350,000 18.00%1-50.00%10.00%5
Shelburne$390,000 1.30%7-36.40%7-46.20%5
South Burlington$330,000 6.60%9332.90%99-20.20%40
Williston$400,000 8.40%3552.20%3742.30%11
Winooski$332,500 15.90%1011.10%11-31.30%54