January’s Hidden Home is a custom-built waterfront retreat in Alburgh, Vermont. Set on 2.11 acres at the end of a quiet road, it offers elegant, low-maintenance living with premium finishes and 600 feet of direct frontage on Lake Champlain. This home is under contract.
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As we head into the winter months, the real estate market in Northwest Vermont continues to shift. November brought some notable changes in single-family home sales that both homebuyers and sellers should pay attention to as they plan their next steps. Here’s a closer look at the latest trends and how they might impact you. Statistics are for single-family home sales in Grand Isle, Franklin, and Chittenden County.
The median sales price skyrocketed to $550,000, a significant 16.8% jump from October and a robust 14.6% increase compared to November 2023. For people considering selling, this increase highlights strong home value appreciation in the region, making it an excellent time to list. A higher price point could allow you to maximize your return, especially if your property is in great condition and priced competitively. Homebuyers, however, should plan carefully. While prices are higher, they reflect the strong demand and limited supply in the market, which means acting decisively when you find a home that fits your needs is crucial.
Number of homes sold fell to 117, a 21.5% decrease from October and a 7.9% drop from last November. For home sellers, this decrease in sales volume signals a slower pace of transactions, which may require extra patience as home purchasers navigate the holiday season. Effective marketing and competitive pricing will help your property stand out. Homebuyers may benefit from the reduced pace as fewer sales could create opportunities to negotiate terms, especially if homes remain on the market longer.
Median Days on Market
The average home in Northwest Vermont spent 13 days on the market, up slightly by 8.3% from October and up 4% compared to November 2023. For sellers, this slight increase means you might need to invest more time in preparing your home to make a strong impression on buyers. However, homes are still selling quickly overall, indicating continued demand for well-maintained, appropriately priced properties. Buyers can use this extended timeframe to their advantage, allowing for a more thoughtful search while still staying alert to high-demand listings that might move quickly.
On average, home sellers received 100.1% of their asking price, a modest 0.2% decrease from October and a 1.1% decline from November 2023. Sellers should interpret this as a sign of a still competitive market where buyers are willing to pay close to the asking price for desirable homes. For homebuyers, the slight dip suggests a bit more room for negotiation, particularly on homes that have been on the market longer.
New listings fell sharply to 103, a 42.1% drop from October and a 2.8% decline from last year. For sellers, this lower level of competition could work in your favor, as fewer homes on the market mean your property has a better chance of attracting attention. Buyers, on the other hand, will need to act quickly with fewer new options available. Planning your search carefully and partnering with a local expert can help you navigate this constrained supply.
Active inventory decreased to 262 homes, a 25.1% drop from October, though it remains 20.7% higher than last November. Sellers should note that while there are fewer active listings compared to the previous month, the year-over-year increase in inventory suggests buyers have more choices than they did a year ago. Buyers benefit from this broader selection, giving them more opportunities to find a property that meets their needs, even in a market with fewer new listings.
The months supply of inventory dipped to 2.2 months, down 4.7% from October but up 31.1% from November 2023. While this figure still indicates a seller’s market, the upward trend in inventory compared to last year signals a gradual shift toward more balanced conditions. Sellers should be prepared for longer selling times and potentially more negotiation as the market evolves. Buyers, however, can feel more confident knowing the market is becoming less competitive, offering them more leverage than in the past.
Market trends in Northwest Vermont vary significantly by town and neighborhood. A personalized market analysis tailored to your area can help you make informed decisions, whether you’re buying or selling. Understanding specific pricing trends, competition levels, and market dynamics ensures you’re fully prepared to navigate the process.
Navigating Vermont’s unique real estate landscape requires a trusted local advisor. Whether you’re buying or selling, a knowledgeable real estate expert can help you make sense of the data, anticipate market shifts, and achieve your goals. With insights into local trends and the experience to guide you, a Realtor is your key to success in this competitive and evolving market.
Curious about the value of your home or ready to explore your buying options? Contact us today for a customized market analysis and personalized guidance. Let us help you make the most of Vermont’s dynamic real estate market and achieve your goals with confidence.
Discover December's Hidden Home an idyllic 1870 Vermont farmhouse in the Lake Champlain Islands. Set on 12.58 acres with 400 feet of lakefront, this 4-bedroom home offers stunning sunset and Adirondack Mountain views in a peaceful country setting. This home is currently for sale. Learn more
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As the holiday season approaches, the charm of Northwest Vermont comes alive with festive markets offering everything from handcrafted gifts to seasonal treats. Whether you're searching for the perfect present, supporting local artisans, or simply soaking in the holiday spirit, these markets are must-visits for your holiday itinerary. Here's your guide to the best holiday markets in Grand Isle County, Chittenden County, and Franklin County.
Viva Marketplace Holiday Markets | South Hero, VT
Dates: December 7th & December 14th
Time: 10 AM – 4 PM
Discover an eclectic collection of holiday treasures at Viva Marketplace in South Hero. This cheerful boutique offers a thoughtfully curated selection of gifts, including toys, jewelry, holiday décor, and women’s clothing. Shop locally made and globally sourced items you won’t find anywhere else. Just a 20-minute drive from Burlington, Viva Marketplace is the perfect stop for stress-free holiday shopping.
Annual Grand Isle Craft Fair | Grand Isle, VT
Date: December 7th
Time: 9 AM – 3 PM
Support the Grand Isle community at this annual craft fair at Grand Isle Elementary School. Discover an array of handmade crafts, from holiday décor to unique gifts, and enjoy delicious treats like chili from their annual cook-off. The event also features a popular raffle table filled with generous donations from local businesses. Perfect for families, this craft fair offers something for everyone while supporting a good cause.
Holiday Artisan Market Series | North Hero, VT
Dates: December 7th, December 14th, & December 21st
Time: 11 AM – 5 PM
Celebrate the season at the Greentara in the North Hero Village. This cozy artisan market is perfect for finding handcrafted gifts, from ornaments to cozy knitwear. Each week features a variety of vendors, Kraemer & Kin beer tastings, and an inviting atmosphere complete with coffee and baked goods. December 7th is particularly special, with the entire village hosting festive activities, making this market a must-visit during the holiday season.
Alburgh Craft Fair | Alburgh, VT
Date: December 7th
Time: 10 AM – 3 PM
Browse over 30 vendors offering a wide variety of handmade goods and unique gifts perfect for your holiday shopping. Don’t miss the popular Pie & Cupcake Walk, where you can select your favorite flavors to take home—this crowd-favorite event sells out quickly! Enjoy a delicious meal or snack from the firefighters' kitchen and enter the raffle for a chance to win a large Christmas Presents basket.
BTV Winter Markets | Burlington, VT
Dates: November 14th – December 22nd
Time: Fridays, 2 PM – 6 PM; Saturdays, 12 PM – 6 PM; Sundays, 12 PM – 4 PM
Step into a festive wonderland at the BTV Winter Markets in City Hall Park. This beloved holiday tradition transforms Downtown Burlington into a European-style outdoor market featuring a rotating lineup of 20 local artisans, makers, and food vendors. Enjoy cozy fire tables, games, and even a DJ on Friday evenings from 4–6 PM. With an incredible selection of handcrafted goods, jewelry, specialty foods, and seasonal treats, the BTV Winter Markets are a must-see holiday destination.
Vintage-Inspired Marketplace Annual Holiday Sale | South Burlington, VT
Dates: December 6th – December 8th
Time: 10 AM – 5 PM
Step back in time at this local vintage-inspired market in South Burlington. From retro holiday décor to vintage-style gifts, this three-day event is a haven for anyone who loves a touch of classic charm. With over 55 vendors showcasing their treasures, the Vintage-Inspired Holiday Market is the perfect place to find unique pieces that evoke the magic of holidays past.
The Good Trade Makers Market | Burlington, VT
Dates: December 7th & December 8th
Time: 11 AM – 5 PM
Experience nearly 100 independent makers and manufacturers at the Good Trade Makers Market at Hula! This event offers everything from artisan-made goods to innovative designs. With your ticket, enjoy a drink while shopping and meeting talented creators from across the country. Located at Hula in Burlington, this upscale market blends modern craftsmanship with holiday cheer.
Winooski Holiday Pop-Up Shop | Winooski, VT
Date: December 5th
Time: 5 PM – 9 PM
The annual Winooski Holiday Pop-Up Shop invites you to explore downtown Winooski while shopping small from local vendors offering a wide selection of thoughtfully crafted holiday gifts. Discover unique treasures, enjoy the festive atmosphere, and support local businesses in the heart of the city. It’s the perfect way to kick off the holiday season!
Holiday Market at She Works! | Williston, VT
Date: December 11th
Time: 5PM – 8PM
Celebrate local creativity at this vibrant market in Williston, Vermont. Featuring women-led businesses and makers, this event is your go-to spot for beautifully crafted, one-of-a-kind gifts. From handcrafted treasures to unique home décor, there’s something special for everyone on your list. Free admission makes this a fun and accessible outing for the whole family.
Palmer's Sugarhouse Holiday Fair | Shelburne, VT
Date: December 8th
Time: 12 PM – 4 PM
Savor the sweetness of the season at Palmer’s Sugarhouse Holiday Fair in Shelburne. Treat yourself to maple-infused delights like affogatos, lattes, and donuts while browsing unique gifts, including antiques, jewelry, and handmade knits. Grass Cattle Company, Kraemer & Kin, and Shrubbly will also be on-site, offering delicious bites and beverages.
Collins Perley Winter Craft Show | St. Albans, VT
Dates: December 14th & December 15th
Time: Saturday, 9 AM – 4 PM; Sunday, 9 AM – 3 PM
This two-day holiday market in St. Albans is a favorite for finding handcrafted gifts, home décor, and holiday treats. Whether you’re shopping for last-minute presents or seasonal decorations, this market has you covered.
St. Paul’s Art & Craft Show | St. Albans, VT
Date: December 7th
Time: 9 AM – 3 PM
Celebrate local artistry at St. Paul’s Art & Craft Show, featuring unique, handcrafted items like wreaths, slate paintings, pottery, and more. This market is perfect for finding thoughtful gifts while supporting the talented makers of Franklin County.
3rd Annual Holiday Craft Show | Georgia, VT
Date: December 7th
Time: 9 AM – 3 PM
Join the fun at Georgia Elementary Middle School for their annual holiday craft show. With nearly 100 vendors offering everything from candles and quilts to jewelry and art, you’ll find something special here. The event includes lunch options and a silent raffle, with proceeds supporting local Girl Scout Troop 61489.
Whether you’re exploring the rustic charm of Grand Isle County, the vibrant markets of Chittenden County, or the festive events in Franklin County, each of these holiday markets promises a memorable experience. Support local artisans, find unique gifts, and immerse yourself in Vermont's holiday magic.
As the leaves fall and Vermont prepares for winter, the Northwest Vermont real estate market is undergoing changes that buyers and sellers alike should note. Here’s a breakdown of the latest trends in single-family home sales for October 2024 and what they mean for you. Statistics are for single-family home sales in Grand Isle, Franklin, and Chittenden County.
The median sales price for single-family homes in Northwest Vermont dropped to $471,000, marking a 5.5% decrease from September and a slight 0.8% dip from October 2023. This recent decline suggests home sellers need to price their homes competitively to attract interest in a market where prospective homebuyers may be more discerning. However, the year-over-year stability in prices reflects a market that continues to hold value, making it essential for buyers to act decisively if they find a home that fits their needs. For buyers, this slight decrease in price could offer an opportunity to secure a more favorable deal, especially as the market begins to shift.
Closed sales rose modestly to 149, a 4.9% increase from September, though they remain 1.3% below October 2023 levels. For home sellers, this rebound in sales activity indicates that there are still active buyers in the market, but capturing their attention may require thoughtful marketing and competitive pricing. House hunters can take advantage of the slight cooling in year-over-year sales, which reduces the likelihood of bidding wars and increases opportunities for negotiation.
Homes spent an average of 11 days on the market, up 10% from September and 22.2% longer than last October. Home sellers should view this slight increase as a signal to prepare their homes meticulously before listing, as well-presented homes are still selling relatively quickly despite the slight slowdown. For homebuyers, this extended timeframe offers breathing room, allowing for a more deliberate search process. However, in-demand properties may still move quickly, so staying prepared is key.
Home sellers received an average of 100.3% of their asking price, a small 0.3% increase from September but slightly below the levels seen in October 2023. For sellers, this underscores the importance of setting a realistic asking price. Homes that align with market expectations are more likely to sell quickly and at—or even slightly above—their list price. For homebuyers, while paying close to the asking price remains common, the slight shift in the market may open opportunities for negotiation, particularly on homes that have been on the market longer.
New listings totaled 179, a 3.8% decrease from September, but a 16.2% increase compared to October 2023. People selling a home can expect a more competitive environment than last year, with increased year-over-year supply giving homebuyers more options. To stand out, sellers should focus on staging and marketing their homes effectively. Buyers, on the other hand, will appreciate the broader selection of homes, which provides a better chance of finding a property that fits their preferences and budget.
Active inventory decreased slightly to 337 homes, down 5.9% from September, but it remains 43.4% higher than October 2023. For home sellers, this elevated inventory compared to last year means that homebuyers have more choices, making it essential to price strategically and present your home in its best light. Buyers benefit from this increased inventory, as it reduces competition and creates more opportunities to find a home that meets their needs.
The months supply of inventory fell to 2.3 months, a 10.3% decrease from September, but still 45.3% higher than October 2023. While this level of supply keeps the market in sellers’ favor, the gradual trend toward balance signals a shift in dynamics. Sellers should be prepared for potentially longer selling times and more negotiations, while buyers can feel more confident navigating a market that increasingly offers them more options and leverage.
While these regional statistics provide a helpful overview, the real estate market can vary significantly by town or area. A local market analysis tailored to your desired area offers valuable insights, such as pricing trends and competition levels, to help you make the best decisions.
Navigating Vermont’s unique real estate market requires local expertise. Whether you’re buying or selling, working with a knowledgeable Realtor ensures you’re prepared for the nuances of this evolving market. From understanding trends to providing personalized guidance, a local expert can help you achieve your real estate goals with confidence.
Are you curious about your home’s value or the opportunities in Northwest Vermont’s real estate market? Contact us for a personalized market analysis and let us guide you through the next steps. With our local knowledge and professional expertise, we’ll help you succeed in Vermont’s ever-changing real estate landscape.
