Franklin County

Single-Family January-June 2023
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$350,000 +7.7%	$358,532 +4.0%	182 -26.9%	275 -17.2%	45 +45.0%

Single-Family January-June 2023
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$285,000 +11.8%	$301,786 -6.3%	14 -39.1%	31 +29.2%	8 -81.4%

The first half of 2023 saw a decline of 27% in closed sales for single-family homes in Franklin County, compared to the same period last year. Additionally, new listings for single-family homes in the county dropped by 17% year-over-year, contributing to the limited inventory and increased competition among buyers.

Despite the challenges faced by the single-family home market in Franklin County, the median sale price for homes increased by around 8% compared to 2022, demonstrating that demand remains strong in this segment of the market.  Among the counties included in this report, the median price of $350,000 positions Franklin as the most affordable. Not only is it easily accessible to I-89, but Franklin County also a variety of property types such as single family, condos, multi-family, and land for buyers to consider.

Fairfax, Georgia, Swanton post some of the highest number of sales in the county – along with an increase in the median sale price, indicating that these areas remain attractive to buyers.

	MEDIAN SALE PRICE	VS 2022	UNITS SOLD	VS 2022	NEWLY LISTED	VS 2022	DAYS ON MARKET
Franklin County Single-Family	$350,000	7.7%	182	-26.9%	275	-17.2%	45
Bakersfield	$397,000	41.3%	4	-55.6%	5	-16.7%	22
Berkshire	$232,250	-28.5%	4	-60.0%	4	-60.0%	107
Enosburg	$260,000	10.6%	7	-46.2%	14	-33.3%	98
Fairfax	$478,750	19.7%	32	28.0%	33	-5.7%	21
Fairfield	$250,000	-41.2%	5	66.7%	8	100.0%	30
Fletcher	$625,000	30.9%	1	-50.0%	6	50.0%	6
Franklin	$352,000	40.5%	7	-12.5%	9	-50.0%	133
Georgia	$444,750	9.8%	14	-26.3%	21	-12.5%	20
Highgate	$370,000	16.1%	9	-50.0%	21	-19.2%	142
Montgomery	$404,000	6.3%	2	-84.6%	8	-46.7%	87
Richford	$190,000	-16.5%	14	75.0%	21	16.7%	58
Sheldon	$320,000	60.0%	6	20.0%	11	22.2%	11
St. Albans	$340,000	-9.3%	49	-31.0%	73	-15.1%	22
Swanton	$305,000	6.6%	28	-37.8%	41	-26.8%	54

Single-Family Q1 2023
New Listings	Units Sold	Median Sold Price	Days on Market
97 (-12%)	73 (-28%)	$319K (+8.14%)	16 (-11%)

Condos Q1 2023
New Listings	Units Sold	Median Sold Price	Days on Market
7 (-36%)	2 (-82%)	$298K (+8.18%)	15 (+7.14%)

 

The first quarter of 2023 saw a decline of approximately 27% in closed sales for single-family homes in Franklin County, compared to the same period last year. Additionally, new listings for single-family homes in the county dropped by around 12% year-over-year, contributing to the limited inventory and increased competition among buyers. Days on the market for all single-family homes decreased to just 47 days during this period, suggesting that the market is moving quickly and homes are selling at a relatively fast pace.

Despite the challenges faced by the single-family home market in Franklin County, the median sold price for homes increased by around 8% compared to the first quarter of 2022, demonstrating that demand remains strong in this segment of the market.

The condo market in Franklin County was slow, with only two condo sales reported in the first quarter of 2023.

Fairfax, St. Albans Town, and Swanton were the towns in Franklin County with the highest number of sales in the first quarter of 2023, indicating that these areas remain attractive to buyers.

 

	NEW LISTINGS	VS 2022	UNITS SOLD	VS 2022	MEDIAN SOLD PRICE	VS 2022	MEDIAN DOM
Bakersfield	3	200%	1	-80%	$319 K	52%	79
Single Family	3	200%	1	-80%	$319 K	52%	79
Condo	0		0		$0		0
Berkshire	2	-60%	3	-40%	$189 K	-60%	59
Single Family	2	-60%	3	-40%	$189 K	-60%	59
Condo	0		0		$0		0
Enosburg	4	33%	4	100%	$106 K	-54%	148
Single Family	4	33%	4	100%	$106 K	-54%	148
Condo	0		0		$0		0
Fairfax	14	-18%	12	33%	$444 K	48%	39
Single Family	13	-24%	11	22%	$460 K	53%	52
Condo	1		1		$265 K		26
Fairfield	3	50%	3	50%	$250 K	-23%	11
Single Family	3	50%	3	50%	$250 K	-23%	11
Condo	0		0		$0		0
Fletcher	1	-50%	1	0.00%	$625 K	18%	6
Single Family	1	-50%	1	0.00%	$625 K	18%	6
Condo	0		0		$0		0
Franklin	5	-29%	3	-25%	$516 K	133%	11
Single Family	5	-29%	3	-25%	$516 K	133%	11
Condo	0		0		$0		0
Georgia	2	-50%	7	-30%	$505 K	32%	10
Single Family	2	-50%	7	-30%	$505 K	32%	10
Condo	0		0		$0		0
Highgate	11	22%	3	50%	$320 K	-12%	4
Single Family	11	22%	3	50%	$320 K	-12%	4
Condo	0		0		$0		0
Richford	7	17%	7	133%	$164 K	-32%	90
Single Family	7	17%	7	133%	$164 K	-32%	90
Condo	0		0		$0		0
Sheldon	5	150%	4	300%	$305 K	0.99%	3
Single Family	3	50%	4	300%	$305 K	0.99%	3
Condo	2		0		$0		0
St. Albans City	9	-47%	8	-62%	$314 K	14%	6
Single Family	8	-47%	8	-58%	$314 K	13%	6
Condo	1	-50%	0		$0		0
Swanton	16	-36%	10	-50%	$308 K	-17%	7
Single Family	13	-19%	9	-18%	$286 K	-32%	8
Condo	3	-67%	1	-89%	$330 K	6.45%	5
Swanton	19	27%	9	-55%	$266 K	-5.52%	44
Single Family	19	27%	9	-55%	$266 K	-5.52%	44
Condo	0		0		$0		0
Total	104	-14%	75	-33%	$319 K	8.15%	16
Single Family	97	-12%	73	-28%	$319 K	8.14%	16
Condo	7	-36%	2	-82%	$298 K	8.18%	15

Single-Family January-December 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$330,000 +11.9%	$342,644 +10.9%	552 -17.7%	618 -14.8%	32 -28.9%

Condo January-December 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$295,000 +20.4%	$311,712 +23.1%	45 -16.7%	40 -53.5%	37 +85.0%

The Franklin County market is trending similarly to other counties in northwest Vermont. A decline in the number of newly listed properties resulted in a nearly 18% decline in the number of properties sold. Again, Buyer demand was strong with properties remaining on the market for only 32 days on average; down 29% from 2021. The median price of a single-family home has increased by 41% since 2019. Despite this rise, homes in Franklin County remain the most affordable in the region.

	MEDIAN SALE PRICE	VS 2021	UNITS SOLD	VS 2021	NEWLY LISTED	VS 2021	DAYS ON MARKET
Franklin County Single-Family	$330,000	11.90%	552	-17.70%	618	-14.80%	32
Bakersfield	$300,000	-9.60%	15	-21.10%	11	-47.60%	52
Berkshire	$297,000	21.20%	14	-17.70%	15	-11.80%	29
Enosburg	$277,000	38.50%	32	0.00%	39	18.20%	18
Fairfax	$405,000	6.60%	55	-26.70%	67	-13.00%	17
Fairfield	$377,500	39.80%	8	-46.70%	10	-37.50%	29
Fletcher	$425,000	14.10%	9	-55.00%	8	-65.20%	60
Franklin	$332,500	11.80%	18	-10.00%	26	23.80%	44
Georgia	$395,000	16.20%	59	-19.20%	63	-26.70%	24
Highgate	$302,000	12.90%	40	33.30%	44	12.80%	36
Montgomery	$305,000	27.10%	25	-7.40%	25	-16.70%	68
Richford	$237,000	69.90%	24	-33.30%	40	21.20%	63
Sheldon	$302,000	-5.00%	17	-34.60%	20	-25.90%	21
St. Albans	$340,000	17.20%	150	-20.20%	152	-21.20%	26
Swanton	$299,500	10.90%	86	-7.50%	98	-10.10%	33

Single-Family January-June 2022
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$325,000 +20.4%	$345,443 +22.0%	247 -13.3%	332 -16.0%	37 -26.0%

Condo January-December 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$254,000 +10.4%	$321,318 +35.1%	22 +4.8%	22 +4.8%	40 -42.9%

The Franklin County market trended similar to other counties in northwest Vermont in the first half of 2022, with a decline in new inventory resulting in a reduction in home purchases. However, buyer demand remained strong, as indicated by a sharp 26% decline in days on market (the number of days a property is listed until it closes) and an increase of +20% in the median sale price of single-family homes.

Franklin County is one of our most diverse counties, including active cities like St. Albans, lakeside communities, ski areas, and agricultural properties. The commute to Burlington and Chittenden County is relatively easy.

	MEDIAN SALE PRICE	VS 2021	UNITS SOLD	VS 2021	NEWLY LISTED	VS 2021	Average DAYS ON MARKET
Franklin County Single-Family	$325,000	20.4%	$247	-13.3%	$332	-16.0%	37
Bakersfield	$281,000	21.3%	$9	50.0%	$6	-45.5%	70
Berkshire	$325,000	62.5%	10	42.9%	10	150.0%	27
Enosburg	$235,000	45.1%	13	-18.8%	21	-16.0%	13
Fairfax	$399,900	8.1%	25	-26.5%	35	-27.1%	22
Fairfield	$425,000	43.2%	3	-50.0%	4	-63.6%	49
Fletcher	$477,500	59.2%	2	-71.4%	4	-73.3%	5
Franklin	$250,600	-19.2%	8	0.0%	18	100.0%	49
Georgia	$405,000	21.8%	19	-26.9%	24	-45.5%	25
Highgate	$318,750	26.5%	18	100.0%	26	30.0%	41
Montgomery	$379,900	104.0%	13	30.0%	15	-11.8%	90
Richford	$227,500	69.8%	8	-61.9%	18	0.0%	78
Sheldon	$200,000	-30.2%	5	-61.5%	9	-47.1%	15
St. Albans	$375,000	36.4%	71	-16.5%	86	-12.2%	28
Swanton	$286,000	12.2%	43	16.2%	56	-3.5%	41

Single-Family January-December 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$295,000 +18%	$309,118 +18.8%	671 +3.4%	727 +1.1%	46 -43.9%

Condo January-December 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$245,000 +4.3%	$253,311 +9.3%	54 -26%	84 +20%	22 -68.6%

The median sale price for a home in Franklin County reached $295,000 in 2021. While the price has increased 41% since 2018, the county still provides the most affordable options in northwest Vermont. More homes were listed for sale during the first half of the year, while condos coming to market increased by nearly 20% by year end. The average days on the market dropped to only 46 days from listing to close for single family homes – so buyers need to be well prepared to act when the right property hits the market. St. Albans topped the county in sales by a large margin, followed by Swanton, Fairfax, and Georgia. The median sale price of $380,000 in Fairfax was 29% above the county average, but still 14% lower than the median price in nearby Chittenden County. With easy access to I-89, these towns provide options for buyers commuting to work. Traveling east, the towns of Sheldon, Berkshire, and Montgomery posted significant increases in the number of homes sold in 2021. Work from home opportunities as well as vacation home purchases may be part of the reason for growth in this area of Franklin County.

	MEDIAN SALE PRICE	VS 2020	UNITS SOLD	VS 2020	NEWLY LISTED	VS 2020	DAYS ON MARKET
Franklin County Single-Family	$295,000	18.00%	671	3.40%	727	1.10%	46
Bakersfield	$332,000	54.10%	19	5.60%	21	-4.60%	71
Berkshire	$245,000	20.40%	17	21.40%	17	-26.10%	84
Enosburg	$200,000	1.10%	32	-11.10%	33	22.20%	43
Fairfax	$380,000	17.80%	75	13.60%	77	-2.50%	35
Fairfield	$270,000	-0.50%	15	-25.00%	16	0.00%	26
Fletcher	$372,500	44.70%	20	25.00%	23	76.90%	45
Franklin	$297,500	15.00%	20	25.00%	21	-8.70%	108
Georgia	$340,000	4.60%	73	15.90%	86	38.70%	21
Highgate	$267,500	20.20%	30	-42.30%	39	-17.00%	8
Montgomery	$240,000	-3.60%	27	42.10%	30	-16.70%	144
Richford	$139,500	-6.40%	36	12.50%	34	-12.80%	87
Sheldon	$318,000	38.30%	26	52.90%	27	3.90%	35
St. Albans	$290,000	13.40%	188	1.10%	194	-9.40%	34
Swanton	$270,000	15.70%	93	-1.10%	109	18.50%	47

Single-Family January-June 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$267,950 +9%	$283,089 +15.4%	284 +17.4%	395 +10.6%	51 -56%

Condo January-June 2021
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$230,000 +9.5%	$237,869 +9.2%	21 -16.0%	54 +31.7%	28 -75%

The median sales price for a single-family home in Franklin County has reached $267,250 – a 32% increase since 2018. Still, the county remains the most affordable in northwest Vermont. More homes and condos were available for purchase during the 1st half of 2021 than during the same period last year. This offered more options for buyers to consider in their home search – while still needing to be well prepared to act when the right property hit the market. The average days on market (DOM) – from listing closing was only 51 days. St. Albans topped the county in sales by a large margin – followed by Swanton, Fairfax and Georgia. Fairfax, the highest-priced town, posted a median sales price 38% above the county average. Our Agents have noted that the multiple offer frenzy has slowed a bit, and the continued closure of the Canadian border has prevented some second home sales.

	SALE PRICE MEDIAN	VS 2020	UNITS SOLD	VS 2020	NEWLY LISTED	VS 2020	DAYS ON MARKET
Franklin County Single-Family	$267,950	9.0%	284	17.4%	395	11.0%	51
Bakersfield	$231,750	-7.3%	6	-25.0%	11	22.2%	114
Berkshire	$200,000	29.0%	7	133.3%	4	-33.3%	89
Enosburg	$162,000	-22.1%	16	6.7%	25	56.3%	39
Fairfax	$370,000	23.3%	34	47.8%	48	17.1%	32
Fairfield	$296,750	12.8%	6	-14.3%	11	37.5%	24
Fletcher	$300,000	9.1%	7	-22.2%	15	200.0%	90
Franklin	$310,000	-0.2%	8	0.0%	9	0.0%	111
Georgia	$332,500	16.3%	26	4.0%	44	29.4%	20
Highgate	$252,000	15.6%	9	-57.1%	20	-37.5%	13
Montgomery	$186,250	-39.9%	10	100.0%	17	6.3%	105
Richford	$134,000	20.2%	21	110.0%	18	12.5%	80
Sheldon	$265,750	13.1%	12	100.0%	16	23.1%	46
St. Albans	$275,000	12.5%	85	39.3%	99	0.0%	43
Swanton	$255,000	8.5%	37	-9.8%	58	9.4%	60

Single-Family January-December 2020
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$250,000 +7.1%	$260,224 +11.6%	649 +9.1%	719 -9.7%	82 -15.5%

Condo January-December 2020
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$235,000 +20.5%	$231,734 +10%	73 +25.9%	70 +4.5%	170 -47.8%

For the first time, the median sale price of a single-family home in Franklin County hit $250,000. Still, the county remains the most affordable in the region.

The number of condos sold has jumped by more than 25% – offering buyers ease of maintenance and prices, on average, under $235,000. St. Albans topped the county in sales of single-family homes at 186 units, followed by nearby Swanton, Fairfax, Georgia, and Highgate. With convenient access to I-89, these towns remain attractive to buyers seeking an easy commute to work and amenities.

 

SALE MEDIAN PRICE	VS 2019	UNITS SOLD	VS 2019	NEWLY LISTED	VS 2019	DAYS ON MARKET
Franklin County Single-Family	$250,000	7.10%	649	9.10%	719	-9.70%	82
Bakersfield	$215,500	32.80%	18	12.50%	22	-12.00%	108
Berkshire	$203,500	8.80%	14	27.30%	23	15.00%	121
Enosburg	$197,750	10.50%	36	56.50%	27	-29.00%	168
Fairfax	$322,590	6.80%	66	-5.70%	79	-10.20%	48
Fairfield	$271,450	-7.40%	20	33.30%	16	-36.00%	74
Fletcher	$257,500	-2.50%	16	-33.30%	13	-51.90%	141
Franklin	$258,750	54.00%	16	6.70%	23	-14.80%	161
Georgia	$325,000	23.30%	63	26.00%	62	1.60%	72
Highgate	$222,500	0.00%	52	100.00%	46	-2.10%	62
Montgomery	$249,000	60.70%	19	5.60%	36	20.00%	117
Richford	$149,000	26.80%	32	-8.60%	39	-9.30%	137
Sheldon	$230,000	15.00%	17	-41.40%	26	-27.80%	41
St. Albans	$255,750	5.70%	186	14.10%	214	7.00%	57
Swanton	$233,450	1.90%	94	-6.00%	93	-27.90%	90

Single-Family January-September 2020
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$246,000 +5.6%	$252,186 +7.8%	468 +12.2%	591 -11%	94 -3.1%

Condo January-September 2020
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$237,900 +25.5%	$234,405 +17%	58 +52.6%	60 +13.2%	76 -40.6%

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:
$245,500 +9.1%	$244,681 +6.3	241 +6.2%	357 -12.3%	117 +14.7%

Condo January-June
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$210,000 +11.1%	$217,892 +9.6%	25 +19.1%	41 -8.9%	112 -16.4%

Single Family April-June
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$257,000 +10.4%	$251,980 +6.4%	145 -2.7%	218 -14.8%	117 +25.8%

Condo April-June
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$243,250 +26.4%	$240,075 +20.8%	14 -6.7%	23 -37.8%	104 -35.4%

Franklin County fared well during the first half of 2020 despite the limitations caused by COVID-19. The affordability of homes and convenient location near I-89 make the county an excellent option for buyers. The number of units sold increased for single-family homes and condos during the period. This is likely a result of the availability of inventory and a median price $115k less than nearby Chittenden County.

The median price of single-family homes in Franklin County has increased by nearly 20% since 2018, but remains an affordable option for buyers and is good news for sellers who have increased equity in their home.

St. Albans and Swanton represent 42% of the sales closed in Franklin County, while Montgomery tops the county in median sale price at $310,000.

	MEDIAN SALE PRICE	VS 2019	UNITS SOLD	VS 2019	NEWLY LISTED	VS 2019	DAYS ON MARKET
Franklin County Single-Family	$245,500	9.10%	241	6.20%	357	-12%	117
Bakersfield	$249,950	2.00%	8	60.00%	9	-18.20%	169
Berkshire	$155,000	-13.20%	3	-25.00%	6	-33.30%	167
Enosburg	$208,000	5.10%	15	36.40%	16	-20.00%	152
Fairfax	$300,000	-2.00%	23	-4.20%	41	7.90%	64
Fairfield	$263,000	-10.20%	7	0.00%	8	-20.00%	102
Fletcher	$275,000	4.60%	9	0.00%	5	-68.80%	244
Franklin	$310,500	98.70%	8	166.70%	9	-40.00%	211
Georgia	$283,500	-5.90%	24	0.00%	34	3.00%	127
Highgate	$218,000	3.80%	21	162.50%	32	33.30%	65
Montgomery	$310,000	108.10%	5	0.00%	16	6.70%	120
Richford	$111,450	19.50%	10	-28.60%	16	-40.70%	254
Sheldon	$234,950	48.70%	6	-25.00%	13	-43.50%	66
St. Albans	$244,500	11.50%	61	-13%	99	2.10%	86
Swanton	$235,000	4.40%	41	17.10%	53	-23.20%	115

Single-Family Homes
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$227,750 +9.1%	$233,595 +7.6%	96 +23.1%	139 -8%	116 -2.5%

Condos
Median Sale Price:	Average Sale Price:	Units Sold:	Newly Listed:	Days on Market:
$189,900 +2.4%	$189,659 -4.5%	11 +83.3%	18 +125%	122 +82.1%