Vermont’s real estate market is experiencing a transitional phase characterized by rising inventory levels, moderated price growth, and extended time on the market. Here’s a comprehensive overview:
🏠 Statewide Market Overview
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Median Home Price: In April 2025, the median home price in Vermont was $439,500, reflecting a 2.4% increase compared to the previous year.
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Average Home Value: The average home value stood at $398,892, marking a 1.3% decrease year-over-year.
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Homes Sold: A total of 458 homes were sold in April 2025, down 4.8% from the previous year.
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Median Days on Market: Homes spent a median of 65 days on the market in April 2025, up from 42 days the previous year.
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Inventory Levels: Active listings increased by 18.1% year-over-year, with 2,676 homes for sale in April 2025.
📊 Market Dynamics
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Price Reductions: Approximately 16.4% of homes experienced price drops in April 2025, up from 14.0% the previous year.
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Homes Sold Above List Price: About 27.1% of homes sold above their list price in April 2025, down from 35.8% the previous year.
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Sale-to-List Price Ratio: The sale-to-list price ratio decreased to 97.5% in April 2025, down from 99.1% the previous year.
🌆 Regional Highlights
Northwest Vermont (Chittenden, Addison, Franklin, and Grand Isle Counties)
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Single-Family Homes:
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Median Sale Price: $499,000, up 8.5% year-over-year.
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Units Sold: 1,778, a 1.5% decrease from the previous year.
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New Listings: 2,265, up 7.0% year-over-year.
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Median Days on Market: 34 days, an increase of 17.2% from the previous year.
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Condos:
Chittenden County
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Single-Family Homes:
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Median Sale Price: $591,500, up 7.6% year-over-year.
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List-to-Sale Price Ratio: 100.6%, indicating homes are selling slightly above asking price.
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Median Days on Market: 5 days, down from 6 days the previous year.
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Condos:
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Median Sale Price: $355,000, up 4.7% year-over-year.
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List-to-Sale Price Ratio: 98.5%, indicating homes are selling slightly below asking price.
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Median Days on Market: 5 days, down from 6 days the previous year.
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🔮 Market Outlook
Vermont’s housing market is expected to continue its gradual shift towards a more balanced state through the remainder of 2025. The increase in inventory provides buyers with more options, while the moderation in price growth suggests a cooling from the competitive market of previous years. However, affordability remains a concern, especially with mortgage rates stabilizing in the 6.3%–6.6% range. Buyers and sellers should remain attentive to regional trends, as market conditions can vary significantly across different areas of the state.