Lamoille County Towns Monthly & Quarterly Updates

Lamoille CountyMonthlyQuarterlyHome Search
CambridgeMonthly ReportQuarterly ReportSearch Cambridge Homes for Sale
ElmoreMonthly ReportQuarterly ReportSearch Elmore Homes for Sale
Hyde ParkMonthly ReportQuarterly ReportSearch Hyde Park Homes for Sale
JohnsonMonthly ReportQuarterly ReportSearch Johnson Homes for Sale
MorristownMonthly ReportQuarterly ReportSearch Morristown Homes for Sale
StoweMonthly ReportQuarterly ReportSearch Stowe Homes for Sale
WolcottMonthly ReportQuarterly ReportSearch WolcottHomes for Sale

Washington County Towns Monthly & Quarterly Updates

Washington CountyMonthlyQuarterlyHome Search
Barre CityMonthly ReportQuarterly ReportSearch Barre City Homes for Sale
Barre TownMonthly ReportQuarterly ReportSearch Barre Town Homes for Sale
BerlinMonthly ReportQuarterly ReportSearch Berlin Homes for Sale
CabotMonthly ReportQuarterly ReportSearch Cabot Homes for Sale
CalaisMonthly ReportQuarterly ReportSearch Calais Homes for Sale
DuxburyMonthly ReportQuarterly ReportSearch Duxbury Homes for Sale
East MontpelierMonthly ReportQuarterly ReportSearch East Montpelier Homes for Sale
FaystonMonthly ReportQuarterly ReportSearch Fayston Homes for Sale
MarshfieldMonthly ReportQuarterly ReportSearch Marshfield Homes for Sale
MiddlesexMonthly ReportQuarterly ReportSearch Middlesex Homes for Sale
MontpelierMonthly ReportQuarterly ReportSearch Middlesex Homes for Sale
MoretownMonthly ReportQuarterly ReportSearch Moretown Homes for Sale
NorthfieldMonthly ReportQuarterly ReportSearch Northfield Homes for Sale
PlainfieldMonthly ReportQuarterly ReportSearch Plainfield Homes for Sale
WaitsfieldMonthly ReportQuarterly ReportSearch Waitsfield Homes for Sale
WarrenMonthly ReportQuarterly ReportSearch Warren Homes for Sale
WaterburyMonthly ReportQuarterly ReportSearch Waterbury Homes for Sale

Washington County Market Results

907 Hathaway Road, Moretown, VT ~ Cute as a button 2 bedroom log home with private yard, open floor plan, high ceilings, woodstove, and shed.
Single-Family January-June 2022 
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$313,000 6.2% $378,245 9.9%245 -15.8%320 -23.3%42 -22.2%
Condo January-June 2022 
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$270,750 27.7% $350,597 49.5%60 -18.9%75 -11.8%23 -61.0%

With easy access to I-89 for commuting north or south, and an affordable media sale price, we are happy to include Washington County in our Vermont Market Report. City living, proximity to ski resorts, and country property – Washington County offers diverse housing options.

Washington County All Property TypesMEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021AVERAGE DAYS ON MARKET
Barre City$223,500 11.8%4811.6%44-30.2%38
Barre Town$284,200 6.6%50-19.4%60-30.0%53
Berlin$299,000 -7.3%13-27.8%11-52.2%43
Cabot$649,500 220.7%6-50.0%7-46.2%98
Calais$250,000 53.0%8-56.0%--95
Duxbury$327,500 -1.5%6-25.0%4-55.6%51
East Montpelier$425,000 17.3%9-30.8%1536.4%37
Fayston$505,000 67.2%11-26.7%120.0%25
Marshfield$415,000 26.9%5-28.6%912.5%12
Middlesex$405,500 47.0%7-46.0%--34
Montpelier$385,000 43.9%360.0%484.4%23
Moretown$250,000 -32.5%5-58.3%8-52.9%71
Northfield$220,000 -14.7%17-26.1%29-23.7%37
Palinfield$284,293 -17.9%433.3%4-50.0%54
Waitsfield$339,500 -33.4%13-13.3%15-40.0%41
Warren$494,000 103.7%49-3.9%7134.0%23
Waterbury$399,900 -27.2%13-35.0%28-28.2%27

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 TypesMEDIANSALE 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

Land Market Results

This increase in demand absorbed some property that had been on the market for a while and encouraged land owners to list. That surge has subsided in 2022 with a 14% decrease in properties coming to market and a 27% decrease in sales.

 MEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021DAYS ON MARKET
Northwest Vermont Multi-Family$494,500 19.0%1060.0%142-14.5%49
Chittenden County$522,500 15.1%826.5%108-12.2%40
Addison County$425,000 4.9%5-28.6%1536.4%63
Franklin County$297,000 31.2%18-14.3%18-37.9%84
Grand Isle County$385,000 483.3%10.0%$1-66.7%29

New Construction

While there is still an appetite for homeowners to consider building their custom home, some builders may not be able to start the project for 2 – 3 years. This is affecting some land sales where land gains tax may be a factor in the event a primary residence is not completed within the prescribed timeframe.
A number of Developers have projects in the pipeline for late 2022 and 2023, which will provide much needed single-family and condominium inventory to the market. Still, more building is needed to satisfy demand.

Multi-Family Home Market Results

175 River Street, Montpelier, VT ~ This 100% renovated Duplex has been thoughtfully rebuilt from the ground up and is ready for a new owner/investor.
 MEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021DAYS ON MARKET
Northwest Vermont$147,000 54.7%127-27.4%189-14.1%159
Chittenden County$230,000 32.8%37-22.9%6416.4%137
Addison County$136,000 46.2%45-11.8%$42-36.4%210
Franklin County$99,000 62.3%29-48.2%$59-19.2%132
Grand Isle County$90,375 0.4%16-20.0%24-7.7%116

The multi-family market continues to provide purchasers a more predictable investment opportunity vs. the stock market and other more volatile options. In the first half of 2022, 82 units sold in Chittenden County at a median sale price of $522,500, representing a 6.5% increase over 2021. Most multi-family properties, and therefore transactions, are in Chittenden County.

Rental Market Update

In 2020, rents were held level by many landlords focused on tenant retention during the pandemic. Now, in 2022 based on market conditions and tenant demand, there is significant upward pressure on rents. From the Allen, Brooks & Minor June 2022 report, the average 1 bedroom rent is $1309/month; 2 bedroom rent is $1534; 3 bedroom rent is $2120. The average increase from 2021 was approximately 3.8%. That is likely to sustain or increase in 2022.

Chittenden County, home to most of the region’s rental units, has a historically low vacancy rate. In June 2022, the Allen, Brooks & Minor report recorded a new historic low of 0.4%. The deficient number of available properties puts pressure on tenants to find suitable homes, despite 451 new units coming to market in 2021. The last 10 years averaged 448 units per year.

The modest pace of new construction and population growth continues to pressure an already low vacancy rate. 520 new units are projected to come to market in 2022, located primarily in Burlington, Williston, South Burlington, and Essex/Essex Junction. Much more production is needed to significantly impact the challenging vacancy rate.

Luxury Home Market Results

custom luxury home for sale in Shelburne
274 South Pasture Road, Shelburne VT ~ Stunning custom home on 10 beautiful acres – total privacy and seclusion in the heart of Shelburne.
Northwest Vermont Luxury January-December 2021  
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$1,305,000 +7.9%$1,814,230 +26.9%39 +32.1%21 -40.0%55 -14.7%
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The luxury market reached historic levels throughout the pandemic as consumers with the means chose to add 2nd (or 3rd) homes to their portfolios, made their vacation homes their primary residences, and acted upon their dream of living in rural areas or locations aligned with their values. Vermont was one of the locations that often fulfilled those dreams.

The luxury market reached historic levels throughout the pandemic as consumers with the means chose to add 2nd (or 3rd) homes to their portfolios, made their vacation homes their primary residences, and acted upon their dream of living in rural areas or locations aligned with their values. Vermont was one of the locations that often fulfilled those dreams.
Northwest Vermont was not impacted as dramatically as the resort towns and southern Vermont; however, we did see significant demand. The first half of 2022 continued that trend as 39 properties sold at price points of over $1.0 million dollars – a 32.1% increase from 2021. Only 21 new properties came to market, a reduction of 40.0% from the prior year.

Slowing buyer demand and fewer available homes will likely cool this trend in late 2022. Before the pandemic, the luxury market was over-supplied with a three-year supply of homes for sale. Recent demand has reduced that to under 30 units, less than 12-18 months of supply in more typical market conditions. Although unique properties, well positioned and maintained, continue to move quickly, often with multiple offers. Our Agents are well versed through a dominant number of transactions to assist clients in navigating the luxury real estate market.

CountyTop townsUnits ClosedMedian Sale PriceAverage Sale PriceLowHigh
Addison County5$1,500,000 $1,603,000 $1,020,000 $2,300,000
Chittenden County31$1,305,000 $1,875,484 $1,000,000 $10,250,000
Burlington9$1,250,000 $1,339,444 --
Charlotte3$1,700,000 $3,054,333 --
Essex3$1,305,000 $1,235,000 --
Shelburne9$1,450,000 $2,658,333 --
Franklin County2$1,200,000 $1,200,000 $1,150,000 $1,250,000
Grand Isle County1$2,200,000 $2,200,000 $2,200,000 $2,200,000

Grand Isle County Market Results

To be built home for sale on Lake Champlain
1 Terrapin Lane, Unit 1, Alburgh, VT ~ Join this new lakeshore community located on the shores of Lake Champlain, just minutes from Isle LaMotte, Rouse’s Point, NY and the Canadian border.
Single Family January-June 2022  
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$346,500 -2.4% $419,411 +1.3%53 -30.3%84 -16.8%
51 -38.6%

Grand Isle County felt the impact of changing buying patterns throughout the pandemic when buyers were drawn to the beautiful landscape, lakefront property, and peaceful countryside. Some purchasers moved for retirement, others benefited from virtual employment, and some chose South Hero for its easy drive into Chittenden County.

53 single-family homes sold in the first half of 2022, a 30% decline from the records set in 2021. 84 new properties came to market, still a 16% decline from the prior year. The median sale price at $346,500, a slight decrease from 2021, may reflect changing product mix vs. stalling price appreciation.   

 MEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021DAYS ON MARKET
Grand Isle County Single-Family$346,500 -2.4%$53-30.3%84-16.8%51
Alburgh$259,000 4.7%$23-17.9%$27-20.6%77
Grand Isle$410,000 32.9%$9-47.1%$17-15.0%22
Isle La Motte$320,000 -28.7%50.0%1362.5%43
North Hero$445,000 10.9%11-38.9%17-19.1%19
South Hero$700,000 18.6%5-37.5%10-44.4%60

Franklin County Market Results

 Country home in Montgomery for sale

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.

Franklin-County Median Sale Price Single-Family Homes

Franklin County Median Sale Price by Property Type

 MEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021Average DAYS ON MARKET
Franklin County Single-Family$325,000 20.4%$247-13.3%$332-16.0%37
Bakersfield$281,000 21.3%$950.0%$6-45.5%70
Berkshire$325,000 62.5%1042.9%10150.0%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%80.0%18100.0%49
Georgia$405,000 21.8%19-26.9%24-45.5%25
Highgate$318,750 26.5%18100.0%2630.0%41
Montgomery$379,900 104.0%1330.0%15-11.8%90
Richford$227,500 69.8%8-61.9%180.0%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%4316.2%56-3.5%41

Addison County Market Results

Year Round Lake Shore Cottage for Sale in Ferrisburgh
239 Shore Road Ferrisburgh, VT ~ Year-Round Lake Shore Cottage in the Long Point Community. The 3 bedroom, 1 bath cottage with dramatic cathedral ceilings & exposed beams, the open concept kitchen/living room is bright & spacious, with great mountain & lake views.
Single-Family January-June 2022  
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$375,000 +13.6% $431,529 +12.9%135 -30.8%191 -21.4%34 -60.0%
Condo January-June 2022  
Median Sale Price:Average Sale Price:Units Sold:Newly Listed:Days on Market:
$302,001 +21.3% $314,817 +0.5%9 -40.0%6 -50.0%26 -46.9%

While Addison County felt a substantial downturn in sales throughout the first half of 2022, it’s important to note that 2021 represented historically high sales. Single family home sales declined 30% to 135 properties sold, and limited condominium units available limited transactions to 9, 40% less than in 2021. New inventory was soft, reflecting a 21.4% decline in single-family homes listed. Despite limited sales, prices appreciated by over 13.6%. Addison County was the beneficiary of interest from out-of-state buyers during the past two years as buyers sought more tranquil areas. The combination of charming towns like Vergennes, Bristol, and Middlebury surrounded by ample recreational, agricultural, and lakeshore property makes the region a desirable primary and second home market.

Addison County Median Sale Price Single-Family Homes

Addison County Median Sale Price by Property Type

 MEDIAN SALE PRICEVS 2021UNITS SOLDVS 2021NEWLY LISTEDVS 2021Average DAYS ON MARKET
Addison County Single-Family$375,000 13.6%$135-30.8%$191-21.4%34
Addison$495,000 -39.8%716.7%1233.3%27
Bridport$339,500 42.5%6-40.0%6-45.5%14
Bristol$352,500 13.7%14-26.3%180.0%22
Cornwall$550,000 4.4%1-87.5%70.0%6
Ferrisburgh$493,500 45.4%14-22.2%1721.4%19
Goshen$369,750 73.7%2-33.3%20.0%106
Granville$338,750 125.8%2-33.3%1-83.3%100
Hancock$262,500 118.8%20.0%2-33.3%6
Leicester$240,000 -15.3%4-50.0%12-14.3%5
Lincoln$417,500 54.6%50.0%80.0%107
Middlebury$372,500 -12.2%20-23.1%30-21.1%26
Monkton$409,000 -2.6%9-30.8%140.0%52
New Haven$455,000 -4.2%5-37.5%6-57.1%5
Orwell$451,250 37.7%6-40.0%8-46.7%58
Panton$310,000 -25.0%525.0%860.0%14
Ripton-0.0%-0.0%1-75.0%-
Salisbury$303,500 10.4%6-33.3%5-37.5%27
Shoreham$447,000 33.4%2-66.7%3-70.0%37
Starksboro$249,000 -7.8%6-14.3%5-44.4%60
Vergennes$345,000 34.0%11-8.3%14-26.3%28
Waltham-0.0%-0.0%1-66.7%-
Weybridge$375,000 -10.9%4-50.0%8-20.0%10
Whiting$324,500 62.3%433.3%350.0%111