{"id":3994,"date":"2023-02-03T15:26:45","date_gmt":"2023-02-03T20:26:45","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=3994"},"modified":"2023-04-14T13:02:57","modified_gmt":"2023-04-14T17:02:57","slug":"chittenden-county-market-results-7","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2023\/02\/chittenden-county-market-results-7\/","title":{"rendered":"Chittenden County Market Results"},"content":{"rendered":"
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131 Main Street, Burlington, VT<\/a> ~ Renovated from a former law office by an award-winning builder & architect. 1st floor flat with 10\u2019 ceilings & expansive living space.<\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Single-Family January-December 2022<\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Average Sale Price:<\/td>Units Sold:<\/td>Newly Listed:<\/td>Days on Market:<\/td>\n<\/tr>\n
$509,500 \t+15.8%<\/td> $592,113 \t+14.1%
\n<\/td>		 1,130 \t-19.6%
\n<\/td>		1,253\t-17%
\n<\/td>		19\t-24%
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\t\n\n\t\n\t
Condo January-December 2022<\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Average Sale Price:<\/td>Units Sold:<\/td>Newly Listed:<\/td>Days on Market:<\/td>\n<\/tr>\n
$350,500 \t+25.2%<\/td> $390,289 \t+20.7%
\n<\/td>		642\t-3.8%
\n<\/td>		642\t-7.2%
\n<\/td>		20\t-31%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

The demand for homes in Chittenden County<\/a> remained strong throughout 2022, with a slight slow down during the second half of the year. With limited inventory \u2013 a decline of 17% for single family homes and 7% for condos \u2013 median sale prices rose substantially.<\/strong><\/p>\n

Less units sold in 2022 is not a reflection of the number of buyers participating in the market. Many purchasers faced multiple offers, needing to exercise patience while working closely with their REALTOR<\/a> to close on a home that met their needs. The median sale price of a single-family home has risen 43% since 2019. Homeowners have built equity, while keeping the largest portion of their living expenses \u2013 their mortgage \u2013 stable. For this reason, buyers should remain in the market. The opportunity to build wealth, manage your housing expenses, and enjoy the many benefits of homeownership simply do not exist as a renter.<\/p>\n

\"\"\"\"<\/p>\n

<\/h2>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
<\/th>MEDIAN SALE PRICE<\/th>VS 2021<\/th>UNITS SOLD<\/th>VS 2021<\/th>NEWLY LISTED<\/th>VS 2021<\/th>DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County Single-Family<\/a>
\n<\/td>		$509,500 <\/td>15.80%<\/td>1,130<\/td>-19.60%<\/td>1,253<\/td>-17.00%<\/td>19<\/td>\n<\/tr>\n
Bolton<\/a>
\n<\/td>		$606,000 <\/td>66.10%<\/td>4<\/td>-33.30%<\/td>5<\/td>-28.60%<\/td>22<\/td>\n<\/tr>\n
Burlington<\/a>
\n<\/td>		$519,900 <\/td>15.30%<\/td>191<\/td>-9.50%<\/td>229<\/td>-1.30%<\/td>15<\/td>\n<\/tr>\n
Charlotte<\/a>
\n<\/td>		$700,000 <\/td>7.70%<\/td>41<\/td>2.50%<\/td>38<\/td>-17.40%<\/td>37<\/td>\n<\/tr>\n
Colchester<\/a>
\n<\/td>		$484,500 <\/td>8.70%<\/td>110<\/td>-29.50%<\/td>122<\/td>-29.10%<\/td>28<\/td>\n<\/tr>\n
Essex<\/a>
\n<\/td>		$450,000 <\/td>12.50%<\/td>181<\/td>-10.80%<\/td>187<\/td>-18.00%<\/td>15<\/td>\n<\/tr>\n
Hinesburg<\/a>
\n<\/td>		$485,000 <\/td>10.90%<\/td>43<\/td>-6.50%<\/td>47<\/td>9.30%<\/td>17<\/td>\n<\/tr>\n
Huntington<\/a>
\n<\/td>		$334,750 <\/td>-13.50%<\/td>22<\/td>29.40%<\/td>23<\/td>9.50%<\/td>28<\/td>\n<\/tr>\n
Jericho<\/a>
\n<\/td>		$490,000 <\/td>-2.00%<\/td>35<\/td>-39.70%<\/td>34<\/td>-45.20%<\/td>23<\/td>\n<\/tr>\n
Milton<\/a>
\n<\/td>		$416,500 <\/td>18.00%<\/td>78<\/td>-39.50%<\/td>92<\/td>-31.90%<\/td>20<\/td>\n<\/tr>\n
Richmond<\/a>
\n<\/td>		$498,500 <\/td>-5.50%<\/td>24<\/td>-14.30%<\/td>25<\/td>-28.60%<\/td>8<\/td>\n<\/tr>\n
Shelburne<\/a>
\n<\/td>		$765,000 <\/td>11.70%<\/td>85<\/td>-14.10%<\/td>96<\/td>-5.00%<\/td>21<\/td>\n<\/tr>\n
South Burlington<\/a>
\n<\/td>		$605,000 <\/td>16.40%<\/td>139<\/td>-29.40%<\/td>147<\/td>-24.20%<\/td>19<\/td>\n<\/tr>\n
St. George<\/a>
\n<\/td>		$401,850 <\/td>-27.30%<\/td>4<\/td>-63.60%<\/td>8<\/td>-11.10%<\/td>6<\/td>\n<\/tr>\n
Underhill<\/a>
\n<\/td>		$486,500 <\/td>9.30%<\/td>23<\/td>-17.90%<\/td>27<\/td>-10.00%<\/td>18<\/td>\n<\/tr>\n
Westford<\/a>
\n<\/td>		$423,000 <\/td>3.60%<\/td>16<\/td>-38.50%<\/td>19<\/td>-20.80%<\/td>22<\/td>\n<\/tr>\n
Williston<\/a>
\n<\/td>		$602,500 <\/td>9.60%<\/td>100<\/td>6.40%<\/td>123<\/td>15.00%<\/td>17<\/td>\n<\/tr>\n
Winooski<\/a>
\n<\/td>		$362,950 <\/td>5.20%<\/td>34<\/td>-40.40%<\/td>31<\/td>-51.60%<\/td>8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
<\/th>MEDIAN SALE PRICE<\/th>VS 2021<\/th>UNITS SOLD<\/th>VS 2021<\/th>NEWLY LISTED<\/th>VS 2021<\/th>DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County Condo<\/a><\/td>$350,500 <\/td>25.20%<\/td>642<\/td>-3.80%<\/td>642<\/td>-7.20%<\/td>20<\/td>\n<\/tr>\n
Bolton
\n<\/td>		$258,600 <\/td>30.60%<\/td>10<\/td>-16.70%<\/td>11<\/td>0.00%<\/td>5<\/td>\n<\/tr>\n
Burlington<\/a>
\n<\/td>		$400,000 <\/td>32.90%<\/td>133<\/td>24.30%<\/td>143<\/td>36.20%<\/td>13<\/td>\n<\/tr>\n
Charlotte
\n<\/td>		$370,000 <\/td>-14.90%<\/td>1<\/td>-75.00%<\/td>1<\/td>-75.00%<\/td>25<\/td>\n<\/tr>\n
Colchester<\/a>
\n<\/td>		$330,000 <\/td>24.50%<\/td>70<\/td>-9.10%<\/td>64<\/td>-21.00%<\/td>31<\/td>\n<\/tr>\n
Essex<\/a>
\n<\/td>		$340,000 <\/td>36.40%<\/td>107<\/td>-23.60%<\/td>100<\/td>-22.50%<\/td>12<\/td>\n<\/tr>\n
Hinesburg<\/td>$401,250 <\/td>44.90%<\/td>10<\/td>-16.70%<\/td>11<\/td>22.20%<\/td>9<\/td>\n<\/tr>\n
Jericho<\/td>$291,500 <\/td>-3.80%<\/td>2<\/td>-80.00%<\/td>1<\/td>-90.00%<\/td>5<\/td>\n<\/tr>\n
Milton<\/td>$273,000 <\/td>10.40%<\/td>15<\/td>-25.00%<\/td>24<\/td>9.10%<\/td>28<\/td>\n<\/tr>\n
Richmond<\/td>$340,000 <\/td>14.70%<\/td>2<\/td>0.00%<\/td>2<\/td>100.00%<\/td>7<\/td>\n<\/tr>\n
Shelburne<\/td>$430,000 <\/td>48.80%<\/td>23<\/td>-8.00%<\/td>21<\/td>-34.40%<\/td>27<\/td>\n<\/tr>\n
South Burlington<\/a><\/td>$330,000 <\/td>17.00%<\/td>195<\/td>2.10%<\/td>189<\/td>-11.70%<\/td>26<\/td>\n<\/tr>\n
Williston<\/td>$415,000 <\/td>18.20%<\/td>59<\/td>28.30%<\/td>60<\/td>20.00%<\/td>9<\/td>\n<\/tr>\n
Winooski<\/td>$361,000 <\/td>18.40%<\/td>15<\/td>-28.60%<\/td>15<\/td>-37.50%<\/td>40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

The demand for homes in Chittenden County remained strong throughout 2022, with a slight slow down during the second half of the year. With limited inventory \u2013 a decline of 17% for single family homes and 7% for condos \u2013 median sale prices rose substantially. Less units sold in 2022 is not a reflection of … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3994"}],"collection":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/comments?post=3994"}],"version-history":[{"count":3,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3994\/revisions"}],"predecessor-version":[{"id":4057,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3994\/revisions\/4057"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=3994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=3994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=3994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}