Across Northwest and Central Vermont, the multi-family market in 2025 showed renewed strength and rising investor confidence, particularly for well-located properties with stable rental potential. Regionwide, the median multi-family price rose to $515,000, up more than 23% year over year, while sales activity increased modestly. Inventory receded slightly, helping support values, and days on market increased only marginally, signaling thoughtful deal evaluation rather than a slowdown.
| MULTI-FAMILY HOMES | MEDIAN SALE PRICE | VS 2024 | UNITS SOLD | VS 2024 | NEWLY LISTED | VS 2024 | DAYS ON MARKET | VS 2024 |
|---|---|---|---|---|---|---|---|---|
| Northwest & Central Vermont | $515,000 | 23.40% | 171 | 6.90% | 284 | -1.10% | 66 | 4.80% |
| Chittenden County | $580,000 | -0.90% | 103 | 33.80% | 161 | 3.20% | 54 | 0% |
| Addison County | $430,000 | 2.40% | 10 | 0.00% | 14 | 16.70% | 74 | 64.40% |
| Franklin County | $395,000 | 20.20% | 21 | -25.00% | 32 | -20.00% | 106 | 10.40% |
| Grand Isle County | 0 | 0.00% | 0 | 0.00% | 4 | 33.30% | 0 | 0.00% |
| Washington County | $345,000 | 21.10% | 37 | -17.80% | 73 | -4.00% | 74 | 17.50% |
| Lamoille County | $542,500 | 107.10% | 18 | 157.10% | 34 | 88.90% | 100 | 81.80% |
Performance varied by county: Chittenden County remained the most liquid and active market, absorbing increased sales volume with stable pricing; Lamoille County stood out for dramatic price growth driven by limited supply and resort-influenced rental demand; Washington County posted strong price gains despite fewer transactions, reflecting selective but confident buyers; Franklin County saw rising prices alongside longer market times, highlighting the importance of pricing accuracy; and Addison County remained small and steady with limited turnover.
Overall, the multi-family sector in 2025 is fundamentals-driven, supported by tight rental conditions and long-term demand, rewarding well-located, well-maintained, and accurately priced properties. Investors are active, but disciplined, and pricing continues to reflect strong rental demand. Success in this segment hinges on location, condition, and realistic expectations, making local market knowledge more important than ever.