{"id":4952,"date":"2025-01-27T15:38:20","date_gmt":"2025-01-27T20:38:20","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=4952"},"modified":"2025-02-28T14:07:47","modified_gmt":"2025-02-28T19:07:47","slug":"addison-county-early-2025-market-report","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2025\/01\/addison-county-early-2025-market-report\/","title":{"rendered":"Addison County Early 2025 Market Report"},"content":{"rendered":"<figure id=\"attachment_4931\" aria-describedby=\"caption-attachment-4931\" style=\"width: 1014px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4931 size-large\" src=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/1499-sand-road-Ferrisburgh-VT-1024x576.jpg\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/1499-sand-road-Ferrisburgh-VT-1024x576.jpg 1024w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/1499-sand-road-Ferrisburgh-VT-300x169.jpg 300w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/1499-sand-road-Ferrisburgh-VT-768x432.jpg 768w, https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2025\/01\/1499-sand-road-Ferrisburgh-VT.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-4931\" class=\"wp-caption-text\"><a href=\"https:\/\/www.hickokandboardman.com\/real-estate\/ferrisburgh\/1499-sand-road\/5027306.html\">1499 Sand Road, Ferrisburgh, VT<\/a> &#8211; Spacious 4-bedroom, 3-bath, 3,100 sqft home on 1.6 acres with river frontage. Built in 2011, features open concept living, large windows, and a detached 2-car garage.<\/figcaption><\/figure>\n<p><strong><br \/>\nThe single-family home market in <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county.html\">Addison County<\/a> has experienced significant growth in median sales prices over the past eight years, with values rising from $260,000 in 2017 to $426,250 in 2024 &#8211; a 64% increase. However, units sold have steadily declined, from a high of 421 in 2021 to just 244 in 2024, reflecting tighter inventory and rising prices potentially limiting buyer access. Recent trends show a 5.3% year-over-year increase in median sales prices for 2024, while sales dropped 12.54%.<\/strong><\/p>\n\n<table id=\"tablepress-595\" class=\"tablepress tablepress-id-595 market_averages tablepress-responsive\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"3\" class=\"column-1\">Single-Family January-December 2024<\/th><th class=\"column-4\"><\/th><th class=\"column-5\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Median Sale Price:<\/td><td class=\"column-2\">Average Sale Price:<\/td><td class=\"column-3\">Units Sold:<\/td><td class=\"column-4\">Newly Listed:<\/td><td class=\"column-5\">Days on Market:<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"> $426,250 \t5.3%<\/td><td class=\"column-2\"> $521,204 \t6.2%<\/td><td class=\"column-3\">244\t-12.5%<\/td><td class=\"column-4\">310\t-2.8%<\/td><td class=\"column-5\">40\t33.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n<table id=\"tablepress-596\" class=\"tablepress tablepress-id-596 market_averages tablepress-responsive\">\n<thead>\n<tr class=\"row-1\">\n\t<th colspan=\"3\" class=\"column-1\">Condos January-December 2024<\/th><th class=\"column-4\"><\/th><th class=\"column-5\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Median Sale Price:<\/td><td class=\"column-2\">Average Sale Price:<\/td><td class=\"column-3\">Units Sold:<\/td><td class=\"column-4\">Newly Listed:<\/td><td class=\"column-5\">Days on Market:<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"> $377,000 \t16.0%<\/td><td class=\"column-2\"> $391,000 \t8.2%<\/td><td class=\"column-3\">14\t-22.2%<\/td><td class=\"column-4\">14\t-30.0%<\/td><td class=\"column-5\">18\t-18.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/21115333\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/21115333\/thumbnail\" width=\"100%\" alt=\"Addison County Median Sale Price and Units Sold\" \/><\/noscript><\/div>\n<div class=\"flourish-embed flourish-chart\" style=\"float: left;\" data-src=\"visualisation\/21145602\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/21145602\/thumbnail\" width=\"50%\" alt=\"Addison County Median Sale Price by Property Type\" \/><\/noscript><\/div>\n<p><a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county\/middlebury-real-estate.html\">Middlebury<\/a> posted the highest number of sale in the county plus a nearly 9% increase in median sales price, followed by <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county\/ferrisburgh-real-estate.html\">Ferrisburgh<\/a> with 23 single family homes sold. <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county\/lincoln-vermont-real-estate.html\">Lincoln<\/a> posted a 150% increase in homes sold. Other towns, such as <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county\/leicester-vermont-real-estate.html\">Leicester<\/a> and <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county\/panton-vermont-real-estate.html\">Panton<\/a>, experienced declines in median sale price, with <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county\/panton-vermont-real-estate.html\">Panton<\/a> seeing the sharpest drop at 71.15% but this is a likely a result of a small number of sales affecting the data. High-value towns like <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county\/cornwall-vermont-real-estate.html\">Cornwall<\/a> ($610,000) and <a href=\"https:\/\/www.hickokandboardman.com\/vermont\/addison-county\/monkton-real-estate.html\">Monkton<\/a> ($604,250) continue to command premium prices. Days on market (DOM) varied widely across the region.<\/p>\n<p>Across property types, single-family homes remain dominant, with a median sales price of $426,250, while condos, reflecting a small portion of properties sold, saw the strongest year-over-year price growth (+16%) to $377,000. Multi-family homes saw a 7.28% increase in median sales price to $420,000, while the median sales price of land fell 10.11% to $120,000. Overall, inventory challenges and affordability concerns define the current market, but strong price appreciation in key towns highlights continued demand.<\/p>\n<div data-src=\"visualisation\/21103072\">\n<table id=\"tablepress-578\" class=\"tablepress tablepress-id-578 tablepress-responsive\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Addison County Single-Family<\/th><th class=\"column-2\">Median Price<\/th><th class=\"column-3\">VS 2023<\/th><th class=\"column-4\">Units Sold<\/th><th class=\"column-5\">VS 2023<\/th><th class=\"column-6\">New Listings<\/th><th class=\"column-7\">VS 2023<\/th><th class=\"column-8\">Average DOM<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">Addison<\/td><td class=\"column-2\">$340,500.00 <\/td><td class=\"column-3\">-33.80%<\/td><td class=\"column-4\">12<\/td><td class=\"column-5\">20.00%<\/td><td class=\"column-6\">13<\/td><td class=\"column-7\">8.30%<\/td><td class=\"column-8\">43<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Bridport<\/td><td class=\"column-2\">$385,000.00 <\/td><td class=\"column-3\">28.30%<\/td><td class=\"column-4\">11<\/td><td class=\"column-5\">0.00%<\/td><td class=\"column-6\">16<\/td><td class=\"column-7\">0.00%<\/td><td class=\"column-8\">126<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">Bristol<\/td><td class=\"column-2\">$395,000.00 <\/td><td class=\"column-3\">0.30%<\/td><td class=\"column-4\">21<\/td><td class=\"column-5\">-25.00%<\/td><td class=\"column-6\">23<\/td><td class=\"column-7\">-28.10%<\/td><td class=\"column-8\">37<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Cornwall<\/td><td class=\"column-2\">$610,000.00 <\/td><td class=\"column-3\">8.00%<\/td><td class=\"column-4\">11<\/td><td class=\"column-5\">-21.40%<\/td><td class=\"column-6\">12<\/td><td class=\"column-7\">-14.30%<\/td><td class=\"column-8\">49<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Ferrisburgh<\/td><td class=\"column-2\">$518,000.00 <\/td><td class=\"column-3\">5.70%<\/td><td class=\"column-4\">23<\/td><td class=\"column-5\">-11.50%<\/td><td class=\"column-6\">31<\/td><td class=\"column-7\">3.30%<\/td><td class=\"column-8\">24<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Goshen<\/td><td class=\"column-2\">$250,000.00 <\/td><td class=\"column-3\">30.20%<\/td><td class=\"column-4\">5<\/td><td class=\"column-5\">66.70%<\/td><td class=\"column-6\">4<\/td><td class=\"column-7\">-33.30%<\/td><td class=\"column-8\">64<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">Granville<\/td><td class=\"column-2\">$375,500.00 <\/td><td class=\"column-3\">160.80%<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">-50.00%<\/td><td class=\"column-6\">5<\/td><td class=\"column-7\">25.00%<\/td><td class=\"column-8\">7<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">Hancock<\/td><td class=\"column-2\">$364,000.00 <\/td><td class=\"column-3\">25.50%<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">-60.00%<\/td><td class=\"column-6\">6<\/td><td class=\"column-7\">0.00%<\/td><td class=\"column-8\">26<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">Leicester<\/td><td class=\"column-2\">$325,000.00 <\/td><td class=\"column-3\">-38.30%<\/td><td class=\"column-4\">5<\/td><td class=\"column-5\">-58.30%<\/td><td class=\"column-6\">7<\/td><td class=\"column-7\">-36.40%<\/td><td class=\"column-8\">51<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">Lincoln<\/td><td class=\"column-2\">$450,000.00 <\/td><td class=\"column-3\">-9.10%<\/td><td class=\"column-4\">15<\/td><td class=\"column-5\">150.00%<\/td><td class=\"column-6\">14<\/td><td class=\"column-7\">55.60%<\/td><td class=\"column-8\">53<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">Middlebury<\/td><td class=\"column-2\">$434,500.00 <\/td><td class=\"column-3\">8.60%<\/td><td class=\"column-4\">34<\/td><td class=\"column-5\">-12.80%<\/td><td class=\"column-6\">41<\/td><td class=\"column-7\">0.00%<\/td><td class=\"column-8\">26<\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n\t<td class=\"column-1\">Monkton<\/td><td class=\"column-2\">$604,250.00 <\/td><td class=\"column-3\">42.20%<\/td><td class=\"column-4\">14<\/td><td class=\"column-5\">-17.70%<\/td><td class=\"column-6\">15<\/td><td class=\"column-7\">-28.60%<\/td><td class=\"column-8\">44<\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n\t<td class=\"column-1\">New Haven<\/td><td class=\"column-2\">$547,750.00 <\/td><td class=\"column-3\">10.90%<\/td><td class=\"column-4\">9<\/td><td class=\"column-5\">-25.00%<\/td><td class=\"column-6\">12<\/td><td class=\"column-7\">-14.30%<\/td><td class=\"column-8\">16<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">Orwell<\/td><td class=\"column-2\">$375,000.00 <\/td><td class=\"column-3\">27.30%<\/td><td class=\"column-4\">7<\/td><td class=\"column-5\">-61.10%<\/td><td class=\"column-6\">12<\/td><td class=\"column-7\">-36.80%<\/td><td class=\"column-8\">55<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">Panton<\/td><td class=\"column-2\">$550,000.00 <\/td><td class=\"column-3\">-71.20%<\/td><td class=\"column-4\">5<\/td><td class=\"column-5\">0.00%<\/td><td class=\"column-6\">9<\/td><td class=\"column-7\">50.00%<\/td><td class=\"column-8\">8<\/td>\n<\/tr>\n<tr class=\"row-17 odd\">\n\t<td class=\"column-1\">Ripton<\/td><td class=\"column-2\">$288,500.00 <\/td><td class=\"column-3\">-5.70%<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">-20.00%<\/td><td class=\"column-6\">4<\/td><td class=\"column-7\">0.00%<\/td><td class=\"column-8\">10<\/td>\n<\/tr>\n<tr class=\"row-18 even\">\n\t<td class=\"column-1\">Salisbury<\/td><td class=\"column-2\">$365,000.00 <\/td><td class=\"column-3\">-28.40%<\/td><td class=\"column-4\">11<\/td><td class=\"column-5\">22.20%<\/td><td class=\"column-6\">15<\/td><td class=\"column-7\">-6.30%<\/td><td class=\"column-8\">33<\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">Shoreham<\/td><td class=\"column-2\">$444,000.00 <\/td><td class=\"column-3\">13.90%<\/td><td class=\"column-4\">14<\/td><td class=\"column-5\">27.30%<\/td><td class=\"column-6\">18<\/td><td class=\"column-7\">38.50%<\/td><td class=\"column-8\">80<\/td>\n<\/tr>\n<tr class=\"row-20 even\">\n\t<td class=\"column-1\">Starksboro<\/td><td class=\"column-2\">$405,000.00 <\/td><td class=\"column-3\">2.50%<\/td><td class=\"column-4\">9<\/td><td class=\"column-5\">-30.80%<\/td><td class=\"column-6\">12<\/td><td class=\"column-7\">-7.70%<\/td><td class=\"column-8\">30<\/td>\n<\/tr>\n<tr class=\"row-21 odd\">\n\t<td class=\"column-1\">Vergennes<\/td><td class=\"column-2\">$397,500.00 <\/td><td class=\"column-3\">13.60%<\/td><td class=\"column-4\">18<\/td><td class=\"column-5\">-5.30%<\/td><td class=\"column-6\">27<\/td><td class=\"column-7\">42.10%<\/td><td class=\"column-8\">27<\/td>\n<\/tr>\n<tr class=\"row-22 even\">\n\t<td class=\"column-1\">Waltham<\/td><td class=\"column-2\">$515,000.00 <\/td><td class=\"column-3\">3.10%<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">0.00%<\/td><td class=\"column-6\">5<\/td><td class=\"column-7\">25.00%<\/td><td class=\"column-8\">26<\/td>\n<\/tr>\n<tr class=\"row-23 odd\">\n\t<td class=\"column-1\">Weybridge<\/td><td class=\"column-2\">$445,000.00 <\/td><td class=\"column-3\">-16.60%<\/td><td class=\"column-4\">6<\/td><td class=\"column-5\">0.00%<\/td><td class=\"column-6\">6<\/td><td class=\"column-7\">-14.30%<\/td><td class=\"column-8\">9<\/td>\n<\/tr>\n<tr class=\"row-24 even\">\n\t<td class=\"column-1\">Whiting<\/td><td class=\"column-2\">$751,988.00 <\/td><td class=\"column-3\">123.80%<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">0.00%<\/td><td class=\"column-6\">3<\/td><td class=\"column-7\">50.00%<\/td><td class=\"column-8\">80<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div data-src=\"visualisation\/21103072\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The single-family home market in Addison County has experienced significant growth in median sales prices over the past eight years, with values rising from $260,000 in 2017 to $426,250 in 2024 &#8211; a 64% increase. However, units sold have steadily declined, from a high of 421 in 2021 to just 244 in 2024, reflecting tighter &#8230; <a class=\"read-more\" href=\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2025\/01\/addison-county-early-2025-market-report\/\">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":[11],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4952"}],"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=4952"}],"version-history":[{"count":6,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4952\/revisions"}],"predecessor-version":[{"id":5107,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4952\/revisions\/5107"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=4952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=4952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=4952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}