{"id":5018,"date":"2025-01-27T15:32:20","date_gmt":"2025-01-27T20:32:20","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=5018"},"modified":"2025-02-28T14:11:06","modified_gmt":"2025-02-28T19:11:06","slug":"multi-family-market-report","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2025\/01\/multi-family-market-report\/","title":{"rendered":"Multi-Family Market Report"},"content":{"rendered":"
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167-169 North Union Street, Burlington, VT<\/a> ~ This unique multi-family property blends Colonial Revival and Queen Anne styles, featuring 3 units and a 2-story garage\/outbuilding and off-street parking.<\/figcaption><\/figure>\n

The multi-family property market<\/a> in Vermont presented both opportunities and challenges in 2024. In the northwest region of the state (Chittenden<\/a>, Addison, Franklin<\/a> & Grand Isle Counties), the median sale price for multi-family homes rose by 7.5% to $521,000, while the average sale price increased modestly by 1.6% to $581,913. New listings surged by 14.7%, yet units sold declined by 3.4% to 114, reflecting both affordability challenges and cautious investor sentiment as interest rates remained higher than expected.<\/strong><\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t
By County<\/th>Median Price<\/th>VS 2023<\/th>Units Sold<\/th>VS 2023<\/th>New Listings<\/th>VS 2023<\/th>Average DOM<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County<\/td> $585,000 <\/td>-0.9%<\/td>77<\/td>5.5%<\/td>156<\/td>40.5%<\/td>54<\/td>\n<\/tr>\n
Addison County<\/td> $420,000 <\/td>7.3%<\/td>10<\/td>-37.5%<\/td>12<\/td>-33.3%<\/td>45<\/td>\n<\/tr>\n
Franklin County<\/td> $327,000 <\/td>14.7%<\/td>27<\/td>-6.9%<\/td>40<\/td>-24.5%<\/td>98<\/td>\n<\/tr>\n
Grand Isle County<\/td>$-<\/td>0.0%<\/td>0<\/td>0.0%<\/td>3<\/td>50.0%<\/td>0<\/td>\n<\/tr>\n
Lamoille County<\/td> $262,000 <\/td>-27.2%<\/td>7<\/td>0.0%<\/td>18<\/td>20.0%<\/td>55<\/td>\n<\/tr>\n
Washington County<\/td> $285,000 <\/td>0.0%<\/td>45<\/td>-18.2%<\/td>76<\/td>11.8%<\/td>63<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n