Chittenden County Market Results

Single-Family January-December 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$509,500 +15.8%	$592,113 +14.1%	1,130 -19.6%	1,253 -17%	19 -24%

Condo January-December 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$350,500 +25.2%	$390,289 +20.7%	642 -3.8%	642 -7.2%	20 -31%

The demand for homes in Chittenden County remained strong throughout 2022, with a slight slow down during the second half of the year. With limited inventory – a decline of 17% for single family homes and 7% for condos – median sale prices rose substantially.

Less units sold in 2022 is not a reflection of the number of buyers participating in the market. Many purchasers faced multiple offers, needing to exercise patience while working closely with their REALTOR to close on a home that met their needs. The median sale price of a single-family home has risen 43% since 2019. Homeowners have built equity, while keeping the largest portion of their living expenses – their mortgage – stable. For this reason, buyers should remain in the market. The opportunity to build wealth, manage your housing expenses, and enjoy the many benefits of homeownership simply do not exist as a renter.

	MEDIAN SALE PRICE	VS 2021	UNITS SOLD	VS 2021	NEWLY LISTED	VS 2021	DAYS ON MARKET
Chittenden County Single-Family	$509,500	15.80%	1,130	-19.60%	1,253	-17.00%	19
Bolton	$606,000	66.10%	4	-33.30%	5	-28.60%	22
Burlington	$519,900	15.30%	191	-9.50%	229	-1.30%	15
Charlotte	$700,000	7.70%	41	2.50%	38	-17.40%	37
Colchester	$484,500	8.70%	110	-29.50%	122	-29.10%	28
Essex	$450,000	12.50%	181	-10.80%	187	-18.00%	15
Hinesburg	$485,000	10.90%	43	-6.50%	47	9.30%	17
Huntington	$334,750	-13.50%	22	29.40%	23	9.50%	28
Jericho	$490,000	-2.00%	35	-39.70%	34	-45.20%	23
Milton	$416,500	18.00%	78	-39.50%	92	-31.90%	20
Richmond	$498,500	-5.50%	24	-14.30%	25	-28.60%	8
Shelburne	$765,000	11.70%	85	-14.10%	96	-5.00%	21
South Burlington	$605,000	16.40%	139	-29.40%	147	-24.20%	19
St. George	$401,850	-27.30%	4	-63.60%	8	-11.10%	6
Underhill	$486,500	9.30%	23	-17.90%	27	-10.00%	18
Westford	$423,000	3.60%	16	-38.50%	19	-20.80%	22
Williston	$602,500	9.60%	100	6.40%	123	15.00%	17
Winooski	$362,950	5.20%	34	-40.40%	31	-51.60%	8

	MEDIAN SALE PRICE	VS 2021	UNITS SOLD	VS 2021	NEWLY LISTED	VS 2021	DAYS ON MARKET
Chittenden County Condo	$350,500	25.20%	642	-3.80%	642	-7.20%	20
Bolton	$258,600	30.60%	10	-16.70%	11	0.00%	5
Burlington	$400,000	32.90%	133	24.30%	143	36.20%	13
Charlotte	$370,000	-14.90%	1	-75.00%	1	-75.00%	25
Colchester	$330,000	24.50%	70	-9.10%	64	-21.00%	31
Essex	$340,000	36.40%	107	-23.60%	100	-22.50%	12
Hinesburg	$401,250	44.90%	10	-16.70%	11	22.20%	9
Jericho	$291,500	-3.80%	2	-80.00%	1	-90.00%	5
Milton	$273,000	10.40%	15	-25.00%	24	9.10%	28
Richmond	$340,000	14.70%	2	0.00%	2	100.00%	7
Shelburne	$430,000	48.80%	23	-8.00%	21	-34.40%	27
South Burlington	$330,000	17.00%	195	2.10%	189	-11.70%	26
Williston	$415,000	18.20%	59	28.30%	60	20.00%	9
Winooski	$361,000	18.40%	15	-28.60%	15	-37.50%	40