About Coldwell Banker Hickok & Boardman

Chittenden County Real Estate Market 2025

Mansfield style home, at Hillisde East, offers over 2,800 Sq. Ft. of gorgeous living space with breathtaking mountain views.
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The Chittenden County real estate market remains robust in 2025, especially in the single-family segment, where prices rose modestly and sales volume increased sharply. The median sales price for single-family homes reached $590,000, a 2.61% increase.

Single-Family January-June 2025
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$590,000 | 2.61%$662,782 | -2.9%465 | 15.1%732 | 21.6%32 | 3.2%
Condos January-June 2025
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$384,950 | 8.9%$420,666 | 2.3%234 | -7.9%384 | -1.8%39 | 69.5%

Sales volume jumped 15.1% year-over-year to 465 homes sold, and new listings increased by over 21%, improving opportunities for buyers. However, homes moved quickly, with an average of just 32 days on market, indicating continued strong demand in Vermont’s most competitive housing region.

The condominium market had a mixed year. The median sale price rose 8.86% to $384,950, and the average sale price increased 2.34% to $420,666, showing steady appreciation. Although the number of sales fell by nearly 8%, while new listings and market pace remained mostly flat, this may be a result of the product mix available versus buyer demand. Meanwhile, multi-family properties surged in activity, with 58 units sold—a 75% increase—and moderate price growth. Land sales also edged up slightly, reflecting growing interest from buyers seeking building opportunities

At the town level, Burlington led in activity, with 78 single-family homes sold, and a modest median sales price gain to $547,500. South Burlington also stood out with 76 homes sold and a 15% median sold price increase to $690,000. In Charlotte, high-end activity pushed the median single-family sold price to over $1 million, a 54% increase. Shelburne and Richmond also posted strong median price gains—up 33% and 27%, respectively—highlighting ongoing luxury demand. Conversely, Essex, Milton, and Williston saw flat or slightly negative price movement, with modest declines in unit sales. Smaller towns like Hinesburg, Bolton, and St. George had highly variable results due to limited sample sizes.

With a commanding 26% market share, Coldwell Banker Hickok & Boardman Agents are the market leaders in Chittenden County real estate– successfully guiding more than 400 property owners so far in 2025.

Chittenden County Single-FamilyMedian PriceVS 2024Units SoldVS 2024New ListingsVS 2024Average DOM
Chittenden County $590,000.00 2.6%46515.1%73221.6%32
Bolton $400,000.00 -27.0%1-66.7%433.3%0
Burlington $547,500.00 3.2%788.3%1120.0%33
Charlotte $1,039,163.00 54.0%2053.9%2938.1%53
Colchester $562,000.00 0.4%4944.1%8340.7%32
Essex $567,000.00 -0.1%53-17.2%9612.9%24
Hinesburg $489,000.00 -34.7%11-35.3%24-7.7%23
Huntington $462,858.00 63.8%8300.0%11120.0%28
Jericho $600,000.00 6.2%2327.8%3218.5%73
Milton $490,000.00 -2.0%38-2.6%5729.6%25
Richmond $667,500.00 27.1%8-20.0%16-30.4%43
Shelburne $917,000.00 32.9%2864.7%4658.6%15
South Burlington $690,000.00 15.2%7640.7%12137.5%30
St. George $490,000.00 -44.6%3200.0%1-50.0%72
Underhill $599,950.00 -22.6%1850.0%2433.3%25
Westford $510,000.00 36.0%6-14.3%1318.2%35
Williston $655,000.00 -11.8%31-8.8%4425.7%26
Winooski408500-0.4%14100.0%1935.7%35
Chittenden County CondoMedian PriceVS 2024Units SoldVS 2024New ListingsVS 2024Average DOM
Chittenden County $384,950.00 8.9%234-7.9%384-1.8%39
Bolton $395,000.00 25.4%525.0%3-25.0%19
Burlington $400,000.00 25.0%5113.3%86-1.2%53
Charlotte $439,000.00 25.4%10.0%1-50.0%9
Colchester $357,000.00 -1.3%3129.2%408.1%24
Essex $365,000.00 3.3%390.0%6721.8%22
Hinesburg $371,900.00 -31.8%10.0%566.7%6
Jericho $369,000.00 7.0%30.0%4100.0%5
Milton $401,000.00 -18.0%9-35.7%3394.1%148
Richmond0.0%0.0%0.0%
Shelburne $423,500.00 -17.0%10-23.1%20-31.0%35
South Burlington $340,263.00 0.4%54-30.8%84-22.2%27
Williston $557,925.00 21.3%19-24.0%31-13.9%59
Winooski $405,000.00 19.5%1157.1%100.0%38

Footnotes:

  1. PrimeMLS, PrimeMLS.com,

Addison County Real Estate Market 2025

1088 Tri-Town Road, Addison, VT – Wake up to sweeping views of Lake Champlain and the Adirondack Mountains in this beautifully renovated, year-round, 3-bedroom home.
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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 $269,000 in 2018 to $477,500 in the first half of 2025- a 78% increase. After units sold steadily declined from a high in 2021, a 32% increase in newly listed homes so far this year has resulted in a 19% increase in sales. This trend shows a 15% year-over-year increase in median sale prices.

Single-Family January-June 2025
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$477,500 15.1% $538,069 3.4%106 19.1%196 32.4%56 9.8%
Condos January-June 2025
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$335,750 -12.8% $344,750 -13.9%6 50%12 50%15 -31.8%

Middlebury posted the highest number of sales in the county plus a nearly 11% increase in median sale price, followed by Bristol with a 12% increase in price. Many other towns experienced declines in the median sale price or in units sold but this is a likely a result of a small number of sales affecting the data. Starksboro, Addison, Goshen, and Weybridge commanded premium prices during the 6-month period. Days on market (DOM) varied widely across the region.

Across property types, single-family homes remain dominant, with a median sale price of $477,500, while condos, reflecting a small portion of properties sold, saw a strong increase in new listings and units sold. The median sale price of land grew 14% to $145,000. Overall, buyers have more inventory to choose from, with strong price appreciation in key towns highlighting continued demand.

Single-Family Home Prices Continue to Climb
The median price for single-family homes rose 15.1% from last year, continuing a multi-year trend of appreciation.

Land Sales Slow Despite Rising Median Prices
Land sales fell but the median price rose 13.73% to $145,000. Inventory improved, with new listings up 36%, providing more opportunities for buyers in search of custom-building sites or long-term investments.

Addison County Single-FamilyMedian PriceVS 2024Units SoldVS 2024New ListingsVS 2024Average DOM
Addison $855,000 191.5%433.3%7-12.5%51
Bridport $385,000 -7.1%7250.0%2-71.4%86
Bristol $424,500 30.5%10100.0%22144.4%34
Cornwall $579,200 -45.3%3-25.0%716.7%11
Ferrisburgh $559,000 -45.1%3-62.5%11-26.7%30
Goshen $1,740,000 484.9%20.0%0.0%272
Granville $371,500 198.2%4300.0%4300.0%10
Hancock $300,000 -14.0%10.0%2-33.3%92
Leicester $470,000 45.0%20.0%40.0%32
Lincoln $469,000 -9.3%40.0%833.3%30
Middlebury $454,936 7.9%2066.7%4387.0%36
Monkton $517,500 -6.7%814.3%928.6%39
New Haven $505,000 -16.2%5-16.7%8-11.1%34
Orwell $340,000 33.1%5400.0%9200.0%183
Panton $391,000 38.2%30.0%50.0%47
Ripton–0.0%–0.0%4100.0%–
Salisbury $469,000 20.3%3-25.0%1042.9%55
Shoreham $456,250 24.9%4-50.0%912.5%113
Starksboro $635,000 102.1%8166.7%860.0%20
Vergennes $507,000 16.3%8-20.0%1515.4%63
Waltham–0.0%0.0%1-50.0%–
Weybridge $855,000 113.0%2-33.3%30.0%112
Whiting0.0%–0.0%5400.0%–

Footnotes:

  1. PrimeMLS, PrimeMLS.com,

Franklin County Real Estate Market 2025

59 Mable Drive, Fairfield, VT – Tended to with absolute care & attention to detail, this gorgeous Colonial is ready to welcome you home. 
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Franklin County’s real estate market continues to show signs of strength in pricing across most property types, though buyer activity and inventory levels are creating mixed results. Single-family homes remain the dominant force, while condos, multi-family properties, and land each present unique trends in demand, pricing, and time on the market.

Single-Family January-June 2025
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$410,500 11.3% $434,861 13.3%186 -6.5%314 0%52 15.6%
Condos January-June 2025
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$317,500 1.1% $325,932 1.8%22 -21.4%24 -14.3%59 181%

Single-family homes saw a notable rise in prices this year with a median price increase of 11% to $410,500. Although the number of homes sold declined by 6.5%, from 199 units last year to 186 this year, this difference can easily be corrected during the next few months. The slight softening in sales occurred despite inventory holding steady, with 314 new listings matching last year’s volume. Homes are also staying on the market slightly longer, with an average of 52 days.

The limited condo market in Franklin County experienced moderate price growth but a drop in overall activity. The median sales price rose slightly to $317,500, with just 22 units sold.

Multi-family properties saw the steepest decline in sales and listings. Only eight units were sold, representing a 27.3% drop from the previous year, and new listings also fell by nearly 28%. Despite this, the median price rose nearly 9% to $356,250, however the average time to sell lengthened significantly, reaching 142 days on market.

The land market in Franklin County shows renewed buyer interest. Sales rose by 31.6% to 25 units, even though the median sale price dipped slightly by 1% to $89,000.

Looking back over the past decade, Franklin County’s single-family median sales price has steadily increased from $202,500 in 2017 to $410,500 in 2025. While unit sales peaked in 2021 with 287 homes sold, they have slightly declined to 186 this year. This indicates that affordability and interest rate pressures may be softening demand, even as long-term appreciation continues.

Franklin County Single FamilyMedian PriceVS 2024Units SoldVS 2024New ListingsVS 2024Average DOM
Bakersfield $400,000 38.4%70.0%1122.2%29
Berkshire $527,000 104.3%1-83.3%5-54.6%0
Enosburg $342,500 19.6%6-50.0%13-7.1%69
Fairfax $525,000 5.0%190.0%264.0%40
Fairfield $269,250 -47.4%3-62.5%8-38.5%107
Fletcher $534,500 44.9%8166.7%10150.0%59
Franklin $445,000 31.3%525.0%1250.0%78
Georgia $503,750 8.6%185.9%3228.0%37
Highgate $410,000 16.5%1183.3%15-25.0%40
Montgomery $330,000 17.9%5-44.4%1427.3%89
Richford $293,000 52.6%3-75.0%16-5.9%169
Sheldon $394,000 22.9%100.0%150.0%88
St. Albans $379,000 1.1%6119.6%88-4.4%41
Swanton $399,500 6.5%29-17.1%49-2.0%58

Footnotes:

  1. PrimeMLS, PrimeMLS.com

Grand Isle County Real Estate Market 2025

565 West Shore Road, South Hero, VT ~ Welcome to this extraordinary Lake Champlain estate offering over 5,800 sq. ft. of luxurious living space with 250 feet of prime shoreline on 3.25 beautifully landscaped acres.
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Single-Family January-June 2025
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$500,000 25% $613,750 31.2%36 -2.7%83 3.8%66 1.5%
Condos January-June 2025
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$380,000 $380,000 11132

Grand Isle County single-family market continues its upward trajectory in 2025, with the median sale price rising to $500,000, a 25% increase over the previous year. This reflects the county’s growing appeal as a luxury and lifestyle destination. The average price also rose sharply to $613,750, an increase of over 31%, indicating that higher-end properties are contributing to market growth.

Inventory saw a mild boost with 83 new listings, up nearly 4% from the prior year. However, this modest increase hasn’t yet translated to a higher volume of sales. Homes are spending slightly more time on the market, with average days on market (DOM) rising to 66 days. The slower pace is subtle but could be an early sign that buyers are starting to push back on pricing—or simply taking more time due to limited options.

Looking at the town-level data, Grand Isle posted the highest median sale price at $665,000, with a staggering 70.5% year-over-year increase, despite only eight homes sold. South Hero followed with a median price of $689,000, though its price increase was more modest at 15.7%. In contrast, Isle La Motte saw a significant price decline of 44%, bringing the median sale price to $356,500 on only 4 sales. This wide variation highlights the diverse nature of the county’s housing stock and buyer preferences. Notably, North Hero experienced a rebound in activity with an impressive 175% increase in homes sold, paired with an average DOM of just 36 days—suggesting strong interest and faster transactions in that submarket.

Grand Isle County Single FamilyMedian PriceVS 2024Units SoldVS 2024New ListingsVS 2024Average DOM
Alburgh $395,000 27.4%10-23.1%24-7.7%74
Grand Isle $665,000 70.5%8-27.3%19-0.095293
Isle La Motte $356,500 -44.3%4-20.0%6-0.4109
North Hero $600,000 -8.6%11175.0%211.333336
South Hero $689,000 15.7%3-25.0%13-7.1%19

Footnotes:

  1. PrimeMLS, PrimeMLS.com,

EARLY 2025 MARKET REPORT

One 25 Cambrian Way offers modern sophistication in the vibrant Cambrian Rise neighborhood of Burlington, Vermont. This state-of-the-art residence provides stunning views of Lake Champlain and seamless access to downtown Burlington’s energy and attractions.

The housing market in 2025 is showing signs of improvement compared to the challenges of 2024 and 2023. While home prices and mortgage rates remain elevated, inventory levels are gradually increasing, offering some hope for buyers who have struggled to find options. Nationally, we expect home sales to grow by about 6% this year, and new construction is helping ease supply constraints in some areas. For Vermont buyers, the market reflects these trends but faces additional challenges, including high property taxes and limited inventory in sought-after towns.

Single-Family January-December 2024
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$499,000 | 8.5%$576,192 | 8.6%1,778 | -1.5%2,265 | 7.0%34 | 17.2%

Condos January-December 2024
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$375,000 | 4.2%$422,360 | 4.3%669 | 19.9%779 | 20.4%29 | 31.8%

Affordability and Opportunities for Buyers

In 2024, affordability was one of the biggest hurdles for buyers, as mortgage rates climbed higher than expected and home prices remained near record highs. Many would-be buyers found themselves sidelined, waiting for conditions to improve. If you’ve been holding off on purchasing a home, 2025 could offer better opportunities as rates are projected to stabilize in the 6.3%-6.6% range and the growth in home prices is expected to slow to about 2% nationally. For those ready to make a move, Vermont’s unique appeal and demand for homes mean it’s still a competitive market, especially in areas with strong job growth and outdoor amenities.

In northwest Vermont, including Chittenden, Addison, Franklin, and Grand Isle counties, the median sale price of a single-family home rose by 9% to a high of $499,000. The number of units sold inched up by 1.5% despite 7% more listings coming on the market. Most regions included in this report saw median sale prices increase between 5-8%, consistent with previous years. For perspective, we have included a graph going back to 2017 to illustrate the effects of supply & demand on the prices of single-family homes across northwest and central VT.

The Impact of New Construction

One major trend to watch is the impact of new construction as builders help address inventory shortages. Nationally, newly built homes are expected to account for 30% of available listings this year—double the historic share. In Vermont, where supply remains tight, new developments are crucial for meeting demand. Housing is, rightfully so, a focus for Vermont leaders with proposals for making it “faster, easier, and less expensive” to build housing being put forth this legislative session. It is estimated the state will need more than 41,000 new homes by 2030 while only 25% of that goal is in the process of actually being planned and built.

Seller Advantages & Changing Buyer Preferences

For sellers, the so-called “locked-in” effect might sound familiar. With 75% of U.S. homeowners holding mortgages below 5%, many people are reluctant to sell and trade up to a higher rate. If you’ve been thinking about selling, keep in mind that Vermont’s market remains strong, especially for well-priced homes with modern features. Inventory is still tight, which means less listing competition for your home. This is especially true for well-priced properties in good condition. Life changes, slightly more inventory, and homeowners flush with equity is encouraging more sellers to make a move.

Affordability remains a concern, but there are signs of relief ahead. Slower price increases, wage growth, and creative solutions like co-ownership or multi-family investments are opening new doors for many buyers. About 30% of Millennial renters are now in a position to buy homes, which could drive more activity in the market. For buyers in Vermont, patience and flexibility are key. Exploring financing options, or broadening your search to include nearby communities could make all the difference. In northwest Vermont, the median sale price of condos was $375,000 compared to $499,000 for single family homes. The condo market saw a surge in demand, with significant growth in units sold and new listings coming to market. This may indicate a shift in buyer preference toward more affordable and low-maintenance housing options coupled with an increase in newly constructed units across the region.

A Competitive Yet Promising Market

While the 2025 housing market won’t be without its challenges, there are opportunities for both buyers and sellers. Vermont, in particular, remains a desirable place to live thanks to its quality of life, strong sense of community, and commitment to sustainability. Whether you’re buying your first home, upgrading to meet your family’s needs, or considering selling, staying informed about market trends will help you make the best decisions for your future

Mortgage Rates Predicted to Hold Steady in 2025—What It Means for Your Next Move




Ranjit “Buddy” Singh, NMLS 92046
Loan Officer
802.652.0162
Buddy@sprucemortgage.com



Julie Thorpe NMLS# 92216
Loan Officer
802.652.0161
Juddy@sprucemortgage.com

 

In January 2024, economists had predicted mortgage rates would be around 4.5-5% by the end of the year, but they ended the year in the upper 6% range. Many expected rates to drop to the 5% range in 2025, but forecasts have now shifted to a range of 5.9% to 6.41% for the end of 2025, with the National Association of Realtors at 5.9%, Fannie Mae at 5.4%, and Wells Fargo at 6.41%.

This change is largely due to the Federal Reserve’s (The Fed) aggressive actions against inflation, which succeeded in lowering costs in many areas. However, a stronger-than-expected labor market, a resilient economy, and persistent core inflation prevented mortgage rates from significantly falling. The Fed had anticipated a cooling labor market by September, but unexpected job growth in the final months of 2024, along with revisions to earlier labor data, suggested inflation was still a serious issue. By the end of the year, core inflation (measured by the PCE) remained above the Fed’s 2% target at 2.8%, pushing mortgage rates higher than originally forecasted. The pressure for higher rates permeated the mortgage market and brought with it rates in the 6’s and low 7s.

With all of this in place, going into 2025, we can expect rates to stay in the 6% range through most of the year. As we move away from the recent past of historically low rates, there is an anticipation of a steady year for real estate and mortgages as buyers and sellers adjust to this new reality.

Now is an ideal time to buy or sell a home due to this unique convergence of market conditions. For buyers, the competition has somewhat subsided, while sellers can take advantage of a continued housing supply shortage which keeps demand high. With mortgage rates showing signs of stabilization, both buyers and sellers can approach the market with greater confidence, knowing they are making decisions in a less volatile environment. For those concerned about higher mortgage rates, a gentle reminder of the possibility of refinancing can ease concerns as those opportunities should arise in the future.

 

Chittenden County Early 2025 Market Report

270 Shelburne Street, Burlington, VT – This breathtaking early 1900s Colonial is a must-see property, where classic charm meets contemporary sophistication.

The Chittenden County real estate market remained strong through 2024, with increased inventory offering opportunities for both single-family homes and condominiums. Single-family home median sale prices rose 6.6% to $586,000, while a 9% increase in new listings provided buyers with more options.

Single-Family January-December 2024
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$586,000 | 6.6%$676,017 | 10.7%980 | 1.3%1,209 | 9.0%27 | 8.0%

Condos January-December 2024
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$379,900 | 2.3%$431,838 | 4.3%601 | 19.7%711 | 24.7%28 | 27.3%

Homes sold quickly, averaging 27 days on the market. The condominium market saw a 2.3% increase in median sales price to $379,900, with a notable 25% rise in inventory offering flexibility particularly in Burlington, South Burlington, and Essex.

2025 Market Outlook

Looking forward, inventory growth is expected to continue moderating price increases in 2025, moving buyers off of the sidelines as the reality of mortgage interest rates between 6 – 7% settles in. Despite an increase in inventory, demand still outpaces supply. Sustainability will play a role, with eco-friendly developments like Hillside East at O’Brien Farm gaining traction. The luxury market remains strong, particularly in Charlotte and Shelburne, while Burlington offers urban living options including historic homes and newly built, amenity-rich condominiums with spectacular Lake Champlain views at One25 Cambrian Way.

Whether buying or selling, navigating this dynamic market requires expertise. A knowledgeable Realtor can guide you through pricing strategies, market trends, and negotiations, ensuring you make informed decisions. Partner with an experienced professional to make your real estate journey seamless and successful in 2025.

The Impact of New Construction

One major trend to watch is the impact of new construction as builders help address inventory shortages. Nationally, newly built homes are expected to account for 30% of available listings this year—double the historic share. In Vermont, where supply remains tight, new developments are crucial for meeting demand. Housing is, rightfully so, a focus for Vermont leaders with proposals for making it “faster, easier, and less expensive” to build housing being put forth this legislative session. It is estimated the state will need more than 41,000 new homes by 2030 while only 25% of that goal is in the process of actually being planned and built.

Chittenden County Emerging Trends

  • Inventory Growth: Both single-family and condominium markets are seeing needed increases in inventory, especially in towns like Burlington and South Burlington. This trend may moderate price growth in 2025.
  • Affordability: Mortgage rates, property taxes, price appreciation, and strong demand continue to affect affordability in the area. Consumers are focusing on the total cost of housing.
    Sustainability Focus: Developments like Hillside East in South Burlington highlight growing interest in eco-friendly and energy-efficient homes.
  • Luxury Market Strength: Premium properties in Burlington, and towns like Shelburne and Charlotte will remain a focus for high-end buyers. High-end buyers are discerning; condition and amenities matter in their decision making.
Chittenden County Single-FamilyMedian PriceVS 2023Units SoldVS 2023New ListingsVS 2023Average DOM
Bolton$526,300 1.00%80.00%1011.10%11
Burlington$538,000 -4.80%17523.20%21536.10%25
Charlotte$925,000 8.50%3421.40%5137.80%18
Colchester$559,950 12.60%101-6.50%130-9.10%31
Essex$560,000 15.50%1361.50%1507.90%25
Hinesburg$690,000 18.60%3831.00%4528.60%39
Huntington$468,750 5.10%60.00%1385.70%11
Jericho$626,950 14.40%4615.00%551.90%43
Milton$497,500 10.40%80-15.80%81-19.00%23
Richmond$527,500 -25.20%3436.00%3732.10%26
Shelburne$743,000 2.50%54-5.30%719.20%29
South Burlington$701,500 10.90%134-7.60%1797.20%30
St. George$751,500 10.40%5-28.60%860.00%10
Underhill$705,000 13.70%27-6.90%32-3.00%49
Westford$415,000 -28.90%157.10%2110.50%17
Williston$699,500 15.10%60-17.80%77-6.10%21
Winooski$410,000 9.30%270.00%3421.40%14
Chittenden County CondoMedian PriceVS 2023Units SoldVS 2023New ListingsVS 2023Average DOM
Bolton$240,138 -15.20%860.00%1066.70%10
Burlington$375,000 1.60%11224.40%15660.80%27
Charlotte$382,500 -38.30%2100.00%20.00%12
Colchester$379,000 1.50%6113.00%7129.10%17
Essex$390,950 7.10%905.90%1021.00%25
Hinesburg$447,500 54.30%566.70%650.00%5
Jericho$345,000 -8.00%5-16.70%1025.00%3
Milton$441,050 27.80%3969.60%29-17.10%103
Richmond$365,000 2.80%10.00%10.00%20
Shelburne$517,500 -13.70%3421.40%4457.10%23
South Burlington$340,000 0.00%18139.20%19833.80%23
Williston$457,250 5.10%50-9.10%646.70%17
Winooski$370,000 1.40%13-38.10%18-28.00%22

Franklin County Early 2025 Market Report

384 North Main Street, Montgomery, VT ~ Only 15 minutes to Jay Peak Resort! Beautifully updated and maintained 1,400 sq. ft. 2-bed, 2-bath home in the heart of Montgomery Center on a rare 2-acre lot!

In 2024, the Franklin County real estate market showed mixed trends, with rising prices but a slight decline in sales volume across property types. Single-family homes saw a 6.7% increase in median sales price, reaching $375,500, while average sales prices rose 8.25% to $397,759. However, units sold dropped slightly by 1.6%, totaling 446 homes. Condominiums experienced significant growth with a 10% rise in median sales price to $313,500 and a 43.24% increase in units sold, reflecting strong demand.

Single-Family January-December 2024
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$375,500 6.7% $397,759 8.3%446 -1.6%588 8.3%40 11.1%

Condos January-December 2024
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$313,500 10.0% $323,281 7.4%53 43.2%52 -7.1%42 250.0%

Multi-family homes saw a 14.7% increase in median sales price but a 6.9% decrease in units sold, indicating limited inventory. Land prices declined, with a 3.74% drop in median sales price to $90,000 and a 20.37% decrease in units sold.

Over the past eight years, median prices for single-family homes have steadily risen from $215,000 in 2017 to $375,500 in 2024 – a 75% increase. However, units sold have decreased from 672 units in 2021 to 446 in 2024, likely due to limited inventory and rising costs.

Towns like Fairfield, Franklin, and Fletcher saw the most significant growth, with Fairfield’s median sales price rising by 68.89% to $442,500, Franklin’s by 32.10% to $350,000, and Fletcher’s by 33.33% to $540,000. St. Albans led sales with 121 units sold, while Swanton saw notable median sales price appreciation (+17.42%) and 73 closed sales. Days on market(DOM) varied across towns, with Bakersfield and Fairfax seeing relatively short DOM, while Montgomery and Richford experienced extended market exposure. Overall, Franklin County’s market remains strong, but inventory constraints and price increases continue to shape buyer behavior.









	Franklin County Single FamilyMedian PriceVS 2023Units SoldVS 2023New ListingsVS 2023Average DOM






	Bakersfield$340,000 -4.90%13116.70%1330.00%36




	Berkshire$290,000 0.80%120.00%2161.50%24




	Enosburg$294,500 13.30%2613.00%32-5.90%48




	Fairfax$503,250 5.40%46-16.40%531.90%30




	Fairfield$442,500 68.90%1645.50%2229.40%68




	Fletcher$540,000 33.30%5-44.40%8-27.30%27




	Franklin$350,000 32.10%110.00%2025.00%35




	Georgia$446,500 1.60%410.00%4711.90%21




	Highgate$328,000 3.30%25-10.70%4136.70%19




	Montgomery$369,500 9.00%18-10.00%20-28.60%67




	Richford$215,000 2.40%21-27.60%28-30.00%72




	Sheldon$339,950 0.00%1820.00%2538.90%33




	St. Albans$375,000 10.30%1210.80%16820.00%42




	Swanton$387,500 17.40%730.00%90-2.20%46







							

				
		
		
			



			
				


	

				

			
Addison County Early 2025 Market Report
						

				 			

					

				
					

				
1499 Sand Road, Ferrisburgh, VT – Spacious 4-bedroom, 3-bath, 3,100 sqft home on 1.6 acres with river frontage. Built in 2011, features open concept living, large windows, and a detached 2-car garage.




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-FamilyMedian PriceVS 2023Units SoldVS 2023New ListingsVS 2023Average DOM






	Addison$340,500.00 -33.80%1220.00%138.30%43




	Bridport$385,000.00 28.30%110.00%160.00%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%313.30%24




	Goshen$250,000.00 30.20%566.70%4-33.30%64




	Granville$375,500.00 160.80%2-50.00%525.00%7




	Hancock$364,000.00 25.50%2-60.00%60.00%26




	Leicester$325,000.00 -38.30%5-58.30%7-36.40%51




	Lincoln$450,000.00 -9.10%15150.00%1455.60%53




	Middlebury$434,500.00 8.60%34-12.80%410.00%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%50.00%950.00%8




	Ripton$288,500.00 -5.70%4-20.00%40.00%10




	Salisbury$365,000.00 -28.40%1122.20%15-6.30%33




	Shoreham$444,000.00 13.90%1427.30%1838.50%80




	Starksboro$405,000.00 2.50%9-30.80%12-7.70%30




	Vergennes$397,500.00 13.60%18-5.30%2742.10%27




	Waltham$515,000.00 3.10%40.00%525.00%26




	Weybridge$445,000.00 -16.60%60.00%6-14.30%9




	Whiting$751,988.00 123.80%20.00%350.00%80









							

				
		
		
			



			
				


	

				

			
Lamoille County Early 2025 Market Report
						

				 			

					

				
					

				
24 Snowdrift Lane, Stowe, VT  ~ Bright Stowe Condo with Mount Mansfield views, modern upgrades, cozy gas fireplace, and 2 bedrooms. Just 15 minutes to the slopes and 4 minutes to downtown Stowe!


The Lamoille County real estate market in 2024 reflected steady growth in single-family homes, with a 6.3% increase in median sales price to $545,000 and a 10% rise in sales to 253 units. New listings grew significantly (+19.9%), offering more options for buyers, while average days on market (DOM) increased to 54 days (+28.57%), indicating a slightly slower market pace.








	Single-Family January-December 2024






	Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:




	 $545,000 	6.3% $806,690 	7.8%253	10.0%374	19.9%54	28.6%














	Condos January-December 2024






	Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:




	 $475,000 	-11.9% $712,815 	-18.0%101	7.5%162	36.1%40	-54.0%












Condos experienced a decline in median sales price (-11.87%) to $475,000 but saw a 7.45% rise in units sold. Meanwhile, the land market stood out with a 27% increase in median sales price to $152,500 and a 7% rise in sales as more parcels were listed for sale.


Stowe continues to dominate the sales in the county. The median sales price of a single-family home rose nearly 9% to $1,262,500 with 82 homes sold and 117 new listings coming on the market. Morristown, while more affordable than Stowe with a median sales price of $547,500, posted 74 single-family home sales with a 25% increase in median sales price.


The luxury home market remains strong across Lamoille County, posting a 30% increase in properties sold through the year to 69 units – more than any other county in this report. 18 of these luxury sales were condominiums in Stowe, with a median price of $1,549,500 not far off the median sale price for single-family homes at $1,600,000. While the large majority of sales are historically in Stowe, in 2024 Morristown, Elmore, and Hyde Park included sales at the high end of the market.








	Lamoille County Single FamilyMedian PriceVS 2023Units SoldVS 2023New ListingsVS 2023Average DOM






	Belvidere $435,000 3.6%1-66.7%2-50.0%221




	Cambridge $387,500 -3.7%16-50.0%28-17.7%31




	Eden $375,000 11.1%1721.4%21-8.7%69




	Elmore $420,000 -25.0%11175.0%19280.0%36




	Hyde Park $375,000 -7.6%15-28.6%3147.6%35




	Johnson $327,250 -4.0%2229.4%3313.8%78




	Morristown $547,500 25.4%7468.2%9941.4%51




	Stowe $1,262,500 8.8%826.5%11715.8%53




	Waterville $460,000 90.1%1-80.0%4-42.9%37




	Wolcott $267,200 -26.8%147.7%2011.1%74














	Lamoille County CondoMedian PriceVS 2023Units SoldVS 2023New ListingsVS 2023Average DOM






	Cambridge $381,500 52.6%6-53.9%17-5.6%32




	Morristown $411,000 46.8%2-60.0%2-60.0%19




	Stowe $500,000 -32.2%9322.4%14349.0%41