The single-family home market in Addison County has experienced significant growth in median sales prices over the past eight years, with values rising from $260,000 in 2017 to $426,250 in 2024 – a 64% increase. However, units sold have steadily declined, from a high of 421 in 2021 to just 244 in 2024, reflecting tighter inventory and rising prices potentially limiting buyer access. Recent trends show a 5.3% year-over-year increase in median sales prices for 2024, while sales dropped 12.54%.
| Single-Family January-December 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $426,250 5.3% | $521,204 6.2% | 244 -12.5% | 310 -2.8% | 40 33.3% |
| Condos January-December 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $377,000 16.0% | $391,000 8.2% | 14 -22.2% | 14 -30.0% | 18 -18.2% |
Middlebury posted the highest number of sale in the county plus a nearly 9% increase in median sales price, followed by Ferrisburgh with 23 single family homes sold. Lincoln posted a 150% increase in homes sold. Other towns, such as Leicester and Panton, experienced declines in median sale price, with Panton seeing the sharpest drop at 71.15% but this is a likely a result of a small number of sales affecting the data. High-value towns like Cornwall ($610,000) and Monkton ($604,250) continue to command premium prices. Days on market (DOM) varied widely across the region.
Across property types, single-family homes remain dominant, with a median sales price of $426,250, while condos, reflecting a small portion of properties sold, saw the strongest year-over-year price growth (+16%) to $377,000. Multi-family homes saw a 7.28% increase in median sales price to $420,000, while the median sales price of land fell 10.11% to $120,000. Overall, inventory challenges and affordability concerns define the current market, but strong price appreciation in key towns highlights continued demand.
| Addison County Single-Family | Median Price | VS 2023 | Units Sold | VS 2023 | New Listings | VS 2023 | Average DOM |
|---|---|---|---|---|---|---|---|
| Addison | $340,500.00 | -33.80% | 12 | 20.00% | 13 | 8.30% | 43 |
| Bridport | $385,000.00 | 28.30% | 11 | 0.00% | 16 | 0.00% | 126 |
| Bristol | $395,000.00 | 0.30% | 21 | -25.00% | 23 | -28.10% | 37 |
| Cornwall | $610,000.00 | 8.00% | 11 | -21.40% | 12 | -14.30% | 49 |
| Ferrisburgh | $518,000.00 | 5.70% | 23 | -11.50% | 31 | 3.30% | 24 |
| Goshen | $250,000.00 | 30.20% | 5 | 66.70% | 4 | -33.30% | 64 |
| Granville | $375,500.00 | 160.80% | 2 | -50.00% | 5 | 25.00% | 7 |
| Hancock | $364,000.00 | 25.50% | 2 | -60.00% | 6 | 0.00% | 26 |
| Leicester | $325,000.00 | -38.30% | 5 | -58.30% | 7 | -36.40% | 51 |
| Lincoln | $450,000.00 | -9.10% | 15 | 150.00% | 14 | 55.60% | 53 |
| Middlebury | $434,500.00 | 8.60% | 34 | -12.80% | 41 | 0.00% | 26 |
| Monkton | $604,250.00 | 42.20% | 14 | -17.70% | 15 | -28.60% | 44 |
| New Haven | $547,750.00 | 10.90% | 9 | -25.00% | 12 | -14.30% | 16 |
| Orwell | $375,000.00 | 27.30% | 7 | -61.10% | 12 | -36.80% | 55 |
| Panton | $550,000.00 | -71.20% | 5 | 0.00% | 9 | 50.00% | 8 |
| Ripton | $288,500.00 | -5.70% | 4 | -20.00% | 4 | 0.00% | 10 |
| Salisbury | $365,000.00 | -28.40% | 11 | 22.20% | 15 | -6.30% | 33 |
| Shoreham | $444,000.00 | 13.90% | 14 | 27.30% | 18 | 38.50% | 80 |
| Starksboro | $405,000.00 | 2.50% | 9 | -30.80% | 12 | -7.70% | 30 |
| Vergennes | $397,500.00 | 13.60% | 18 | -5.30% | 27 | 42.10% | 27 |
| Waltham | $515,000.00 | 3.10% | 4 | 0.00% | 5 | 25.00% | 26 |
| Weybridge | $445,000.00 | -16.60% | 6 | 0.00% | 6 | -14.30% | 9 |
| Whiting | $751,988.00 | 123.80% | 2 | 0.00% | 3 | 50.00% | 80 |