The Northwest Vermont housing market remained strong in April 2025, with 114 single-family homes sold across Grand Isle, Chittenden, and Franklin counties—a nearly 30% increase from last year. The median sales price rose modestly to $516,000, while new listings surged by over 40%, giving buyers more options than we've seen in months. Inventory climbed by 60% year-over-year, yet homes are still moving quickly, with a median of just 7 days on the market. If you're curious how these trends affect your home value or buying power, contact us today for a personalized market update.

As the year wraps up, the real estate market in Northwest Vermont reflects the seasonal slowdown typical of winter, but some trends are worth noting for anyone considering buying or selling a home. December brought changes in prices, inventory, and sales activity that could impact your real estate decisions in 2025. Statistics are for single-family home sales in Grand Isle, Franklin, and Chittenden County.

Median Sales Price

The median sales price in December was $473,500, a 13.9% decrease from November but an 8.2% increase compared to December 2023. For home sellers, this price drop month-over-month highlights the seasonal dip in buyer activity but also demonstrates that home values remain higher year-over-year. If you’re considering selling, this is a great time to start preparing your home to hit the market when buyer activity picks up in the spring. Buyers, on the other hand, may find this seasonal price drop an opportunity to enter the market.

Closed Sales & Days on Market

Closed sales increased to 122, a 4.3% rise from November but a slight 3.2% decline compared to December 2023. Homes also spent an average of 20 days on the market, which represents a 33.3% increase from November and a 42.9% rise year-over-year. Home sellers should be prepared for a longer timeline to sell, especially during the quieter winter months. However, the steady pace of closed sales suggests homebuyers are still active, particularly for well-priced and move-in-ready homes. Buyers can use the longer time on market to evaluate their options more thoroughly, but they should still be ready to act quickly when they find the right property.

List Price Received

On average, sellers received 99.2% of their asking price, a 0.9% decrease from November and a 1.2% decline compared to last year. While slightly lower, this figure indicates that the market remains competitive, with buyers willing to pay close to list prices for desirable homes. Sellers should focus on pricing their homes appropriately to attract serious buyers, while buyers might find more room for negotiation, especially on properties that have been on the market for a longer period.

New Listings & Active Inventory

New listings dropped to 77, a 25.2% decline from November, though they were 16.7% higher than in December 2023. Active inventory decreased to 225 homes, down 18.2% from the previous month but up 22.3% year-over-year. For sellers, the reduced competition of fewer new listings can work in your favor, especially if your home is well-positioned to stand out. For buyers, inventory remains limited compared to earlier in the year, so flexibility and preparedness are key to finding the right home in this constrained market.

Months Supply of Inventory

The months supply of inventory dropped to 1.8 months, a 21.5% decrease from November, but a 26.3% increase compared to December 2023. This metric underscores a continued seller’s market, though the year-over-year increase suggests the market is slowly becoming more balanced. Sellers can still expect strong demand, but they should be prepared for increased competition as inventory trends upward. Buyers should keep in mind that while the market remains tight, the gradual increase in supply could offer more opportunities in the coming months.

Navigating the Northwest Vermont Real Estate Market

Whether you’re buying or selling, understanding the nuances of the local real estate market is essential. Market trends can vary widely from one town or area to another, and having the right strategy can make all the difference.

Get Expert Guidance Today

If you’re ready to make your move in Vermont’s dynamic real estate market, don’t go it alone. Partnering with a local real estate expert ensures you have the insights and support you need to achieve your goals.

Contact us today for a personalized market analysis and let us guide you through every step of the process. Whether you’re buying your dream home or selling to maximize your investment, we’re here to help you navigate Vermont’s market with confidence.

Spring is in full swing here in Northwest Vermont, and with the warmer weather comes a bustling real estate market. Whether you're thinking of buying your dream home or selling your current one, understanding the market trends can help you make the best decisions. 

The Vermont real estate market is known for its seasonal changes. This spring, we're seeing a steady start, with more listings becoming available and increased activity. For both buyers and sellers, this is an exciting time to explore opportunities and make informed choices. 

Let's take a closer look at the current state of our real estate market using the latest data from May 2024. (Data is for single-family home sales in Grand Isle, Franklin, and Chittenden County.) 

• Median Sales Price = $508k

The median sales price of $508,000 reflects a slight rise from last month and a notable increase from last year. For sellers, this means that home values are continuing to appreciate, potentially leading to a profitable sale. For buyers, it's a sign that the market is healthy, and investing in property could offer good returns in the future. Keeping an eye on price trends can help you make a well-informed decision about timing your purchase or sale.

• Closed Sales = 140

With 140 closed sales in May, there was a big jump from April with a 57% change and a 17%  increase compared to last year. This indicates a busy market where more homes are successfully selling. For sellers, this could mean a greater chance of finding a buyer quickly. For buyers, it shows there's active competition, so being ready to act fast when you find the right home is important.

• Median Days on Market = 6

Homes are typically staying on the market for just 6 days, which is a 14.3% decrease from the previous month and consistent with last year. This quick turnover is great news for sellers, as it means your home might sell rapidly if priced correctly and in good condition. For buyers, it highlights the need to be decisive and prepared, as desirable homes are not staying available for long.

• List Price Received = 101.4%

Sellers are getting an average of 101.4% of their list price, which is up from the previous month but slightly down from last year. This suggests that many homes are selling for above the asking price. For sellers, this means there’s potential to get even more than your asking price if the demand is strong. For buyers, it’s a reminder that offering close to or above the list price could be necessary to secure your desired property in a competitive market.

• New Listings = 272

With 272 new listings, there's a significant 63% increase from the previous month and a 14% increase from last year. This is positive for buyers, as more new homes are coming onto the market, providing a wider selection. For sellers, it means more competition, so making sure your home is well-presented and priced competitively is essential to attract buyers.

Northwest Vermont Market Review By County:

Statistics are for single-family home sales in May 2024.

Chittenden County:

• Active Inventory = 130

• Median Sales Price = $630,000

• Median Days On Market = 5

• Closed Sales = 88

• List Price Received = 101.9%

Franklin County:

• Active Inventory = 92

• Median Sales Price = $391,500

• Median Days On Market = 8

• Closed Sales = 40

• List Price Received = 100.9%

Grand Isle County:

• Active Inventory = 38

• Median Sales Price = $356,750

• Median Days On Market = 11

• Closed Sales = 12

• List Price Received = 99.6%

Partner with a Local Real Estate Expert

Understanding these market trends can be challenging, especially with the competitive nature of the Northwest Vermont real estate market. That's why partnering with a local real estate expert is crucial. They can provide you with a detailed market analysis tailored to your area of interest, helping you navigate the complexities of buying or selling a home.

A market analysis offers a deep dive into the current conditions, including comparable home sales, pricing strategies, and buyer demand. This information is essential for setting the right price for your home or making a competitive offer.

Ready to make your move in the Northwest Vermont real estate market? Contact us today for a personalized market analysis. Let’s work together to turn your real estate dreams into reality.

Welcome to our latest exploration of the ever-evolving real estate landscape in Northwest Vermont. As we head into the new year, let's take a closer look at some key statistics from December 2023 that shed light on the current state of the real estate market. Whether you're a potential buyer or seller, understanding these numbers can be instrumental in making informed decisions. Metrics are for Single Family Home Sales In Northwest Vermont (Chittenden, Franklin, and Grand Isle County). 

1. Median Sales Price: The Heartbeat of the Market

The Median Sales Price is a crucial indicator, reflecting the midpoint of home prices in the region. At $437,661, it's essential to note the 7.9% decrease from the previous month and the 10.2% increase from December 2022. For buyers, this signals where prices might be heading, while sellers can leverage the market's growth to maximize their returns. Keeping an eye on this figure helps both parties align their expectations and strategies.

2. Closed Sales: Unveiling Market Activity

Closed Sales, standing at 123, provide insight into the level of activity in the Northwest Vermont real estate market. While there's a 4.7% decrease from the previous month, the 7% increase from December 2022 suggests a healthy overall trend. 

3. Median Days On Market: Timing is Key

Time is of the essence in real estate, and the Median Days On Market (DOM) is a metric worth watching. With a 20% increase from the previous month and a 31.4% decrease from December 2022, the current DOM stands at 12 days. For sellers, a shorter DOM indicates a faster turnaround, while buyers should be prepared for potentially swift transactions. Understanding this metric helps both parties set realistic expectations and refine their negotiation strategies.

4. List Price Received: Maximizing Returns

At 100.4%, the List Price Received represents the percentage of the list price that sellers receive when their homes are sold. While there's a marginal 0.7% decrease from the previous month, the 0.3% increase from December 2022 underscores the resilience of property values. Sellers should be mindful of pricing strategies, while buyers can gauge the market's competitiveness.

5. Active Inventory: Supply and Demand Dynamics

Active Inventory, currently at 176, has seen an 18.9% decrease from the previous month and a 1.7% increase from December 2022. This figure emphasizes the delicate balance between supply and demand. A lower inventory can lead to increased competition among buyers, potentially driving prices up. For sellers, this scarcity can be advantageous because there are fewer options for home buyers. On the reverse, buyers may need to act decisively in a competitive market.

6. Months Supply of Inventory: Market Stability

The Months Supply Of Inventory, at 1.4, is a key metric indicating the number of months it would take to sell the current inventory based on the recent sales pace. With a 14.9% decrease from the previous month and a 4.9% decrease from December 2022, this figure signals a tight market. Sellers benefit from reduced competition, while buyers should be prepared for a faster-paced and potentially competitive environment.

Northwest Vermont Market Review By County:

Chittenden County:

• Active Inventory = 88
• Median Sales Price = $562,500
• Median Days On Market = 13
• Closed Sales = 79
• List Price Received = 100.6%

Franklin County:

• Active Inventory = 67
• Median Sales Price = $319,950
• Median Days On Market = 9
• Closed Sales = 38
• List Price Received = 100.0%

Grand Isle County:

• Active Inventory = 21
• Median Sales Price = $465,000
• Median Days On Market = 33
• Closed Sales = 6
• List Price Received = 99.7%

In conclusion, understanding these key statistics and partnering with a local real estate agent empowers both buyers and sellers to navigate the Vermont real estate market with confidence. Whether you're entering the market or considering a move, these insights provide a valuable compass for decision-making.

If you're curious about the market trends, we invite you to take the next step. Get a personalized market analysis for your area of interest – a tailored guide to help you make the best decisions in this dynamic real estate landscape.

Don't miss out on the opportunities waiting for you! Contact us today for a detailed market analysis and let's embark on this exciting journey together. Get Your Personalized Market Analysis.

 

Hello, savvy homeowners and prospective buyers! Welcome back to our insightful journey through the vibrant landscape of Northwest Vermont's real estate market. Today, we're diving deep into the latest statistics for November 2023. These insights provide you with the tools to make informed decisions, whether you're buying or selling a home in Grand Isle, Chittenden, or Franklin County.

1. Median Sales Price: $475,000

Let's kick things off with the heartbeat of the real estate market—the median sales price. At $475,000, we're holding steady with no decrease from the previous month and a notable 5.6% increase from November 2022. Why is this crucial? For sellers, it signifies a healthy appreciation in property values, showcasing the potential for a lucrative sale. Buyers, on the other hand, might find it helpful to identify opportunities for wise investments and future growth.

2. Closed Sales: 129

While the number of closed sales slipped by 15.7% from the previous month and 16.8% from last November, let's not hit the panic button just yet. Real estate often has its seasonal dance, and this slight dip could be a reflection of the colder Vermont months setting in. For buyers, it might mean a chance to find motivated sellers, while sellers should consider strategic pricing and marketing to attract serious buyers.

3. Median Days On Market: 8

Time is money, especially in the real estate world. The Median Days On Market dropping by 11.1% from the previous month and staying at 8 days compared to November 2022 is a testament to the swift pace of the market. For sellers, it underscores the importance of pricing your home right, while for buyers, it's a gentle nudge to act decisively in a market where well-priced homes are in high demand.

4. List Price Received: 101%

Getting your property's price spot-on is an art, and November 2023 shows sellers receiving, on average, 101% of their list price. Yes, there's a tiny 0.1% dip from the previous month and a 0.4% decrease from November 2022, but let's keep it in perspective—this is still a strong indicator of a market where well-priced homes are valued and appreciated. Sellers take note; buyers, be prepared for a market that recognizes and rewards quality properties.

5. Active Inventory: 206

Active inventory—something that both buyers and sellers should keep a keen eye on. At 206 homes, we're looking at a 14.2% decrease from the previous month and a 1.4% decrease from November 2022. What does this mean? For buyers, a lower inventory can mean increased competition, so be ready to act swiftly. Sellers take advantage of this by ensuring your property stands out in a slightly less crowded field.

MARKET REVIEW BY COUNTY:

Chittenden County:

• Active Inventory = 112
• Median Sales Price = $545,500
• Median Days On Market = 7
• Closed Sales = 80
• List Price Received = 101%

Franklin County:

• Active Inventory = 70
• Median Sales Price = $363,500
• Median Days On Market = 8
• Closed Sales = 32
• List Price Received = 100.8%

Grand Isle County:

• Active Inventory = 24
• Median Sales Price = $600,000
• Median Days On Market = 25
• Closed Sales = 17
• List Price Received = 98%

In conclusion, these statistics serve as a compass in your real estate journey, guiding both buyers and sellers through the nuances of the Northwest Vermont market. Whether you're planning to sell your home or looking to find your dream property, understanding these trends and partnering with a local real estate professional is key to making informed decisions. 

Ready to dive deeper into your local market? Our expert team is here to provide you with a personalized market analysis. Discover the opportunities waiting for you in your area—get in touch with us today!