131 Main Street, Burlington, VT ~ Renovated from a former law office by an award-winning builder & architect. 1st floor flat with 10’ ceilings & expansive living space.
Single-Family January-December 2022
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$509,500 +15.8%
$592,113 +14.1%
1,130 -19.6%
1,253 -17%
19 -24%
Condo January-December 2022
Median Sale Price:
Average Sale Price:
Units Sold:
Newly Listed:
Days on Market:
$350,500 +25.2%
$390,289 +20.7%
642 -3.8%
642 -7.2%
20 -31%
The demand for homes in Chittenden County remained strong throughout 2022, with a slight slow down during the second half of the year. With limited inventory – a decline of 17% for single family homes and 7% for condos – median sale prices rose substantially.
Less units sold in 2022 is not a reflection of the number of buyers participating in the market. Many purchasers faced multiple offers, needing to exercise patience while working closely with their REALTOR to close on a home that met their needs. The median sale price of a single-family home has risen 43% since 2019. Homeowners have built equity, while keeping the largest portion of their living expenses – their mortgage – stable. For this reason, buyers should remain in the market. The opportunity to build wealth, manage your housing expenses, and enjoy the many benefits of homeownership simply do not exist as a renter.
