Chittenden County Market Results

South Village is a neighborhood of single-family homes, Townhomes, and Luxury Condominiums in the heart of Vermont’s beautiful Champlain Valley.
Single-Family January-June 2021  
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$425,000 +18.1% $501,218 +19.2%
532 +13.4%777 +8.2%32 -42%
Condo January-June 2021  
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$279,000 +6.9% $316,944 +11.1%
279 -0.4%381 +7.6%35 -38%

The demand for homes in Chittenden County continued through the first half of 2021, increasing by more than 13% over 2020. Navigating the challenges of the global pandemic in 2020, many contemplated their living and employment situations; either relocating, right-sizing, or renovating their home. A modest improvement in the number of properties listed for sale this year (+8%) has not proven enough to satisfy the number of buyers searching for a home.

Many purchasers, facing multiple offers, needed to exercise patience and heed the guidance of their REALTOR before entering into a contract to purchase. In most cases, persistence paid off, and buyers found the home that met their needs.

The median sale price of single-family homes in Chittenden County jumped 18% in 2021, increasing 27% since 2018. Still, homes remain an affordable option over renting, with record-low mortgage interest rates offering the opportunity to build equity.

New construction projects such as South Village and Hillside at O’Brien Farm, both in South Burlington, introduced a variety of much needed, new housing options to the market – including townhomes, single-family homes, carriage homes, and “flats.” Buyers had time to make selections in location, floorplans, and custom finishes while not competing in the frenzied re-sale market. New construction projects throughout the county gave an opportunity for exiting homeowners to use their strong equity position and “right-size” to a new, energy-efficient, and low-maintenance home. Options for new builds are still available with Spring 2022 delivery dates for buyers with flexible timelines.

 SALE PRICE MEDIANVS 2020UNITS SOLDVS 2020NEWLY LISTEDVS 2020DAYS ON MARKET
Chittenden County Single-Family$425,000 18.1%53213.4%7778.2%32
Bolton$280,000 17.9%20.0%3-50.0%7
Burlington$450,000 34.3%7921.5%12330.9%17
Charlotte$630,000 -16.0%17-19.1%29-27.5%74
Colchester$437,500 18.6%54-20.6%84-5.6%95
Essex$360,000 4.1%7912.9%1095.8%18
Hinesburg$456,000 14.1%1416.7%2110.5%44
Huntington$387,000 33.5%5-28.6%8-27.3%29
Jericho$482,699 29.5%2283.3%3417.2%35
Milton$350,000 12.2%4615.0%7531.6%13
Richmond$505,000 22.6%5-61.5%16-11.1%14
Shelburne$669,875 3.1%48152.6%5655.6%31
South Burlington$509,638 10.1%8228.1%1115.7%27
St. George$552,720 22.3%7-22.2%7-30.0%15
Underhill$320,000 -22.0%5-44.4%9-57.1%15
Westford$357,000 10.5%11-15.4%14-22.2%48
Williston$474,845 31.9%3727.6%508.7%30
Winooski$324,000 -0.3%1918.8%2875.0%23
 SALE PRICE MEDIANVS 2020UNITS SOLDVS 2020NEWLY LISTEDVS 2020DAYS ON MARKET
Chittenden County Condo$279,000 6.90%279-0.40%3817.60%35
Bolton$169,000 33.60%5-37.50%4-60.00%3
Burlington$280,000 -12.80%4410.00%560.00%35
Charlotte$369,450 0.00%20.00%40.00%4
Colchester$260,000 5.70%35-5.40%42-2.30%58
Essex$223,500 4.20%5816.00%7220.00%36
Hinesburg$322,675 12.60%6500.00%60.00%16
Jericho$512,788 20.50%3-50.00%4-33.30%12
Milton$242,000 3.00%11-21.40%13-23.50%7
Richmond$296,500 0.00%20.00%10.00%41
Shelburne$385,000 -16.10%11-21.40%13-13.30%50
South Burlington$309,500 26.30%70-10.30%12422.80%42
Williston$369,000 23.00%239.50%26-10.30%11
Winooski$287,000 10.40%9-18.20%16-5.90%6