The Lamoille County real estate market in 2024 reflected steady growth in single-family homes, with a 6.3% increase in median sales price to $545,000 and a 10% rise in sales to 253 units. New listings grew significantly (+19.9%), offering more options for buyers, while average days on market (DOM) increased to 54 days (+28.57%), indicating a slightly slower market pace.
| Single-Family January-December 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $545,000 6.3% | $806,690 7.8% | 253 10.0% | 374 19.9% | 54 28.6% |
| Condos January-December 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $475,000 -11.9% | $712,815 -18.0% | 101 7.5% | 162 36.1% | 40 -54.0% |
Condos experienced a decline in median sales price (-11.87%) to $475,000 but saw a 7.45% rise in units sold. Meanwhile, the land market stood out with a 27% increase in median sales price to $152,500 and a 7% rise in sales as more parcels were listed for sale.
Stowe continues to dominate the sales in the county. The median sales price of a single-family home rose nearly 9% to $1,262,500 with 82 homes sold and 117 new listings coming on the market. Morristown, while more affordable than Stowe with a median sales price of $547,500, posted 74 single-family home sales with a 25% increase in median sales price.
The luxury home market remains strong across Lamoille County, posting a 30% increase in properties sold through the year to 69 units – more than any other county in this report. 18 of these luxury sales were condominiums in Stowe, with a median price of $1,549,500 not far off the median sale price for single-family homes at $1,600,000. While the large majority of sales are historically in Stowe, in 2024 Morristown, Elmore, and Hyde Park included sales at the high end of the market.
| Lamoille County Single Family | Median Price | VS 2023 | Units Sold | VS 2023 | New Listings | VS 2023 | Average DOM |
|---|---|---|---|---|---|---|---|
| Belvidere | $435,000 | 3.6% | 1 | -66.7% | 2 | -50.0% | 221 |
| Cambridge | $387,500 | -3.7% | 16 | -50.0% | 28 | -17.7% | 31 |
| Eden | $375,000 | 11.1% | 17 | 21.4% | 21 | -8.7% | 69 |
| Elmore | $420,000 | -25.0% | 11 | 175.0% | 19 | 280.0% | 36 |
| Hyde Park | $375,000 | -7.6% | 15 | -28.6% | 31 | 47.6% | 35 |
| Johnson | $327,250 | -4.0% | 22 | 29.4% | 33 | 13.8% | 78 |
| Morristown | $547,500 | 25.4% | 74 | 68.2% | 99 | 41.4% | 51 |
| Stowe | $1,262,500 | 8.8% | 82 | 6.5% | 117 | 15.8% | 53 |
| Waterville | $460,000 | 90.1% | 1 | -80.0% | 4 | -42.9% | 37 |
| Wolcott | $267,200 | -26.8% | 14 | 7.7% | 20 | 11.1% | 74 |
| Lamoille County Condo | Median Price | VS 2023 | Units Sold | VS 2023 | New Listings | VS 2023 | Average DOM |
|---|---|---|---|---|---|---|---|
| Cambridge | $381,500 | 52.6% | 6 | -53.9% | 17 | -5.6% | 32 |
| Morristown | $411,000 | 46.8% | 2 | -60.0% | 2 | -60.0% | 19 |
| Stowe | $500,000 | -32.2% | 93 | 22.4% | 143 | 49.0% | 41 |