Lamoille County Market Results

Single-Family January-June 2023
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$492,350 +13.2%$701,358 +2.8%95 -25.8%147 -29.3%49 -5.8%
Condos January-June 2023
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$486,500 +14.5 %$942,056 +47.0 %52 -16.1 %58 -35.4 %96 +20.0%

Driven by the staggering median sale price of $1,210,000 in Stowe, Lamoille County has the 2nd highest median price across the counties in the report. Buyer demand, exceeding the inventory of single-family homes and condos available for sale, drove prices 13-14% higher than during the first half of 2022. In addition to Stowe, Cambridge and Morristown posted the greatest number of both single-family homes and condos sales in the county. 

MEDIAN SALE PRICEVS 2022UNITS SOLDVS 2022NEWLY LISTEDVS 2022DAYS ON MARKET
Lamoille County
Single-Family
$492,350
13.2%95-25.8%147-29.3%49
Belvidere$360,000 7.5%1-66.7%40.0%3
Cambridge$360,000 5.9%150.0%19-26.9%46
Eden$265,000 2.4%716.7%1122.2%47
Elmore$750,000 101.9%2-75.0%350.0%33
Hyde Park$300,000 -31.0%7-58.8%11-54.2%41
Johnson$389,500 3.3%6-33.3%12-42.9%84
Morristown$425,000 8.9%21-34.4%34-29.2%33
Stowe$1,210,000 -4.3%31-3.1%41-32.8%58
Waterville$344,500 -49.7%2100.0%4-20.0%6
Wolcott$365,000 53.4%3-40.0%80.0%80
MEDIAN SALE PRICEVS 2022UNITS SOLDVS 2022NEWLY LISTEDVS 2022DAYS ON MARKET
Lamoille County Condos$486,50014.5%52-16.1%58-35.4%96
Cambridge$277,500 158.1%8-42.9%8-55.6%202
Morristown$280,000 -8.2%350.0%30.0%11
Stowe$959,804 53.6%41-10.9%42-31.2%82

Lamoille County Market Results

Jeffersonville Dream Come True
Well maintained & updated 3 bedroom, 2.5 bath sunlit Cape, located near the end of a sleepy cul-de-sac just minutes away from all that Jeffersonville has to offer. Cambridge
Single-Family Q1 2023
New ListingsUnits SoldMedian Sold PriceDays on Market
53 (-21%)42 (-31%)
$498K (+14%)
24 (+60%)
Condos Q1 2023
New ListingsUnits SoldMedian Sold PriceDays on Market
37 (+23%)28 (+27%)
$463K (+26%)
27 (-6.90%)

 

Lamoille County‘s single-family home market saw a decline in both sales volume and new listings in the first quarter of 2023, with a drop of approximately 31% and 21%, respectively, compared to the same period last year.

Despite the lower sales volume and limited inventory, the median sold price for single-family homes in the county increased by approximately 14.7% year-over-year, indicating continued strong demand in this segment of the market.

The condo market in Lamoille County fared better, with a median price increase of around 26% compared to the first quarter of 2022, and an increase in both sales volume (27.7%) and new listings (23%) for condos. This suggests that the condo market may be a more attractive option for buyers in this area, given the limited inventory for single-family homes.

 

NEW LISTINGSVS Q1 2021PROPERTIES SOLDVS Q1 2021MEDIAN SOLD PRICEVS Q1 2021MEDIA DOM
Belvidere2100% 1-50% $360 K6.67% 3
Single Family2100% 1-50% $360 K6.67% 3
Condo00$00
Cambridge11-15% 12-7.69% $300 K30% 27
Single Family60.00% 1043% $304 K-7.88% 27
Condo5-29% 2-67% $300 K74% 196
Eden3200% 2-50% $233 K-21% 7
Single Family3200% 2-50% $233 K-21% 7
Condo00$00
Elmore11-75% $500 K4.17% 58
Single Family11-75% $500 K4.17% 58
Condo00$00
Hyde Park5-55% 3-40% $300 K-9.37% 7
Single Family5-55% 3-40% $300 K-9.37% 7
Condo00$00
Johnson2-71% 3-40% $389 K3.18% 23
Single Family2-71% 3-40% $389 K3.18% 23
Condo00$00
Morristown19-14% 10-38% $350 K-11% 8
Single Family17-19% 8-50% $420 K6.34% 8
Condo2100% 2$273 K16
Stowe4313% 3719% $968 K-0.72% 35
Single Family13-19% 13-13% $1.20 M-29% 42
Condo3036% 2450% $705 K34% 30
Wolcott350% 1-67% $495 K32% 42
Single Family350% 1-67% $495 K32% 42
Condo00$00
Total90-7.22% 70-16% $484 K16% 25
Single Family53-21% 42-31% $498 K14% 24
Condo3723% 2827% $463 K26% 27

Lamoille County Market Results

Perhaps most known for its mountains, Lamoille County is home to Stowe Mountain and Smuggler’s Notch.

Single-Family January-December 2022
Median Sale Price:Average Sale Price:Units Sold:Days on Market:
$319,043 +6.3%
$388,210 +5.4%
612 -28.9%
30 0%

Condo January-December 2022
Median Sale Price:Average Sale Price:Units Sold:Days on Market:
$279,700 +30%
$352,583 +41%
110 -31%
27 -50%

Although our Vermont Market Report has traditionally focused on northwest Vermont, buyer patterns have changed in recent years. Many people considering lifestyle and virtual work options can expand their search criteria as inventory tightened and prices increased in neighboring counties. Our Agents are able to provide market knowledge and skilled negotiation no matter where you search for your next Vermont property.

The median sale price across Lamoille County has increased 52% since 2019. This number is significantly affected by the sales in Stowe which have surged over the past few years. The other towns in Lamoille County offer homes priced well under the county median for buyers to consider.

Lamoille County All Property TypesMEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021Average DAYS ON MARKETVS 2021
Cambridge$305,000 14.10%6114.70%5930.60%
Elmore$295,000 -27%273.80%180100%
Hyde Park$327,500 4.00%3720.50%57-32.90%
Johnson$280,000 33.30%33-29.80%66-28.30%
Morristown$395,000 -7.10%69-15.00%44-26.80%
Stowe$796,199 12.90%169-1.70%42-28.80%
Wolcott$312,500 5.90%1426.00%49-44.00%

Lamoille County Market Results

69 North River Street, Morristown, VT ~ This cozy home is close to the nightlife and amenities of downtown Morrisville, yet far enough away to feel removed from the hustle and bustle.

Single-Family January-June 2022
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$435,000 +2.4% $679,947 +0.1%129 -12.8%209 +8.6%52 -45.0%

Condo January-December 2021
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$437,500 +33.3% $667,472 +29.7%64 -11.0%85 +3.7%62 -50.0%

Although our Vermont Market Report has traditionally focused on Northwest Vermont, as inventory tightened and prices increased, more and more buyers looked to neighboring counties. Our Agents are able to provide market knowledge and skilled negotiation no matter where you search for your next Vermont property.

Lamoille County All Property Types
MEDIANSALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021AVERAGE DAYS ON MARKET
Cambridge
$216,000 -20.3%29-14.7%4410.0%61
Eden
$127,000 -25.2%1327.8%--111
Elmore
$302,500 28.7%14-12.5%--279
Hyde Park
$383,000 63.8%1623.1%24-17.2%58
Johnson
$377,000 39.6%9-25.0%2161.5%34
Morristown
$380,000 -10.6%3545.8%5230.0%47
Stowe
$822,500 15.9%80-23.1%1255.0%51