Chittenden County Sees Continued Decline in Single-Family Homes for Sale

Enjoy beautiful from this 3-story Townhome on Burlington’s Waterfront. | MLS # 4707646

Single Family    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$332,000 (+4.1%) $371,886 (+5%)531 (-2.8%)854 (-5.7%)71 (-7.8%)

Condo    
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$230,000 (-1.1%) $261,287 (-0.7%)317 (+13.2%)463 (+23.1%)62 (-36.1%)

Chittenden County as a whole posted moderate increases in the median and average sales price of single-family homes with the continued decline in newly listed homes affecting the closed sales.  

A number of cities and towns had well above-average increases in pricing including Burlington, Charlotte, Richmond, and Westford. The city of Winooski is a bright spot, as homeowners are attracted to its lively downtown, affordability, and proximity to Interstate 89 or Burlington. In Shelburne, the single home market is recovering; posting healthy increases in listings and sold homes after a weak first half in 2017.

The condominium market in Chittenden County remains healthy with a 13% increase in sales and a 23% increase in new listings. This available inventory has kept pricing stable – except where new construction projects are driving the inventory such as in South Burlington and Williston – which posted a 21% and 7% increase in median sales price over the same period in 2017.