This classic country Ranch in Monkton was sold in August 2021
Single-Family January-December 2021
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$340,600 +19.5%
$398,214 +24.1%
422 +11.6%
436 +0.9%
60 -45.5%
Condo January-December 2021
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$255,000 +4.1%
$289,607 +6.8%
28 +40%
25 -3.9%
53 -71.8%
The real estate market is booming in Addison County, achieving the highest median sale price for a single-family home since our report began six years ago. The number of homes sold increased by 12% – nearly triple the increase across the region. The pace of the market accelerated as well with the average time from listing to close at only 2 months – down from 3 months mid-year. Middlebury, Bristol, Vergennes, and Ferrisburgh topped the county for the most homes sold in 2021, followed closely by Monkton, Orwell, and New Haven. The highest median sale prices were reported in Cornwall, Addison, and Lincoln. Accessibility to Lake Champlain, the mountains, and an easy commute to the greater Burlington area for employment are motivators for buyers. Farm to table dining options, art galleries, and a more rural landscape enhance the quintessential Vermont life experience.
Completely renovated lakefront home with water access and almost 100 feet of beautiful beach front property in Addison | MLS# 4865705
Single-Family January-June 2021
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$331,250 +27.4%
$383,847 +40.3%
194 +52.8%
244 +16.2%
86 -41%
Condo January-June 2021
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$249,000 +8.3%
$313,400 +35.1%
15 +400%
12 +71.4%
49 +96%
The real estate market is booming in Addison County, achieving the highest median sale price for a single-family home since our report began six years ago. With 16% more homes on the market, units closed jumped 53% over last year. Middlebury, Bristol, and Ferrisburgh topped the county with the most homes sold – followed closely by Monkton and Vergennes. Addison and Cornwall top the list for median sales price. Accessibility to Lake Champlain and an easy commute to Chittenden County, coupled with restaurants, art galleries, and growth of local companies like Collins Aerospace positioned Addison County as an ideal place to experience quintessential Vermont living.
Middlebury College attracts alumni seeking homes in town and in the neighboring town of Cornwall. While shoreline and accessibility to Lake Champlain drive sales in neraby Ferrisburgh, Addison, and Panton. Even as the number of new listings to the market decline, a variety of properties remain for buyers to choose from – and a bit more time to contemplate a purchase.
Contemporary home on 142 acres of woods & meadows with breathtaking views of the Adirondacks and Lake Champlain. | MLS# 4808946
Our mid-year report includes data for the first 6 months of 2020, as well as data for the 2nd quarter of 2020 alone. We cannot analyze the trends in the northwest Vermont real estate market without understanding the effects of COVID-19 which struck Vermont in mid-March.
Single Family January-June
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$260,000 +2.7%
$273,505 -4.7%
127 -16.5%
210 -27.8%
147 +26.7%
Condo January-June
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$229,900 +3.3%
$231,967 +2.2%
3 -70%
7 -56.3%
25 -60.3%
Single Family April-June
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$275,000 +5.8%
$287,375 -4.8%
75 -21.1%
133 -33.5%
133 +22%
Condo April-June
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$233,000 -5.9%
$233,000 -11.1%
2 -71.4%
3 -72.7%
28 -54.8%
Buyers are attracted to the more rural feel and affordable home prices in Addison County. While the median price of single-family homes jumped to $275,000 during the 2nd quarter, the median price has been fairly stable since 2018. Middlebury, Vergennes, Bristol and Ferrisburgh topped the list for the number of closed sales so far in 2020.
As travel restrictions for out of state buyers loosen, sales of homes, including lakefront property in Addison County, should recover. Historically, the area accounts for 12-15% of the luxury home sales in northwest Vermont.
This completely remodeled home is just a few blocks from downtown Vergennes, amenities.| MLS# 4792020
Single Family
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$262,000 -2.4%
$299,352 +0.9%
383 +10.1%
506 -1.0%
115 +1.8%
Condos
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$197,000 -5.7%
$229,759 +2.8%
27 +58.8%
28 +16.7%
48 -22.6%
The number of single-family homes sold in 2019 jumped 10% in Addison County, while newly listed properties and sales prices remained stable. Condominium sales rose from 17 units in 2018 to 27 units in 2019. An increase in condos available fueled this growth along with more affordable price points and ease of maintenance.
Buyers are attracted to the relative affordability compared to neighboring Chittenden County – along with the quaint Vermont feel of restaurants, galleries and small shops that make up the downtowns of many of the towns in Addison County.
A 25% increase in homes available for purchase in Vergennes resulted in a 23% rise in single family homes sold through the year. Undoubtedly, Vergennes’ thriving downtown and proximity to Lake Champlain appeal to many buyers including Millennials searching for a work-play lifestyle. Cornwall, Panton and Weybridge lead the county with the highest median sales price.
Located in the heart of Middlebury, this move-in ready home has been meticulously remodeled to meet modern needs. Homes in Middlebury
Median Sale Price
Average Sale Price
Units Sold
Newly Listed
Days on Market
Single-Family
$263,700 (-0.5%)
$307,797 (6.9%)
282 (9.3%)
446 (-0.7%)
116 (-3.3%)
Condos
$194,500 (5.4%)
$205,667 (4.6%)
21 (61.5%)
23 (43.8%)
52 (4%)
Multi-Family
$232,500 (-3.1%)
$232,500 (-2.1%)
2 (-81.8%)
17 (21.4%)
75 (-54%)
Land
$67,500 (2.9%)
$95,179 (0.6%)
39 (-22.0%)
81 (-27%)
429 (64.4%)
The number of homes and condos sold so far in 2019 shows healthy gains over the same period last year.
Buyers are drawn to Addison County’s farm-to-table dining options, art galleries and shops – not to mention close proximity to the lake or the mountains. Starksboro, Bristol, Monkton and Vergennes offer housing options for buyers who are comfortable with an easy commute to Burlington area employers.
An increase in multi-family listings this year, may give more choices to buyers looking for owner-occupied or investment property.
So that we can continue to best serve our customers and clients across the county, this year we opened our Real Estate Sales Center at 268 Main Street in Vergennes.
Enjoy Adirondack and lake views from this charming country cape on 10+ beautifully landscaped acres in Ferrisburgh. | Homes in Ferrisburgh
Single Family
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$251,500 (-6.7%)
$286,503 (+1%)
150 (+7.1%)
291 (+1.4%)
117 (-8.6%)
Condo
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$222,500 (+39.7%)
$226,950 (+7.5%)
10 (+42.9%)
16 (+33.3%)
63 (0%)
Although the median price of single-family homes dropped by nearly 7%, this was compared to a 9% increase last year. The bright spot may be the slight increase in newly listed homes after months of sharp declines. With few condominium complexes throughout the county and therefore few sales, the increases in units and prices of sold properties need to be taken in context.
Buyers are drawn to the community amenities of towns that make up Addison County with their farm to table dining options, art galleries and shops – not to mention close proximity to Lake Champlain. Starksboro, Bristol, Monkton and Vergennes offer housing options for buyers working at nearby employers, like Collins Aerospace, or those who are comfortable with an easy commute to Burlington.
Well maintained 3 bedroom Ranch, in Vergennes, with many exterior upgrades over the years. MLS# 4711457
Median Sale Price
Average Sale Price
Units Sold
Newly Listed
Days on Market
Single-Family
$235,000 (-7.8%)
$261,828 (-2.4%)
57 (23.9%)
91 (5.8%)
127 (-31.7%)
Condos
$115,000 (-27.8%)
$145,000 (-2.4%)
3 (-40%)
5 (66.7%)
67 (9.8%)
Multi-Family
$150,000 (-46.4%)
$150,000 (-55.9%)
1 (-66.7%)
3 (-40%)
0 (-100%)
Land
$103,750 (56.6%)
$123,840 (8%)
10 (-37.5%)
21 (-38.2%)
451 (67%)
Inventory of homes has stabilized – even posting a slight increase in early 2019. Single home sales increased while median and average sale prices declined.
Due to the relatively low number of transactions during the 1st quarter, it may be too early to draw conclusions. Addison County continues to draw buyers who may be working in Chittenden County – but see affordability and quality of life in Addison as desirable.
Responding to seller and buyer demand in the county, we are pleased to announce that we are opening a Real Estate Sales Center on Main Street in Vergennes. While we are not new to the area, our Vergennes location expands our presence in Addison County and extends the level of service we are able to give our clients.
New Addison County Office
268 Main Street
Vergennes, VT 05491