Q1 2023
Market Report Central Vermont
Market Overview At A Glance
CENTRAL VERMONT
The Central Vermont housing market, defined by Lamoille, Orange and Washington counties, was relatively quiet in Q1 2023 as the market started to return to a more traditional seasonality.
Limited inventory remained a major driving factor, and the total number of units sold was down by 31% across Central Vermont combined. However, the average sales price increased by 22.9%, while the average days on market decreased slightly by 3.0%.
There is a full breakdown by county and town in this report for more details at a local market level.
Moving into Spring/Summer 2023, we have already begun to see a slight uptick in listings coming on the market. The market will continue to normalize, but we anticipate that buyer demand will continue to be active, driven by limited inventory and that pricing will continue to hold steady. Pricing appropriately for Sellers will become of the utmost importance in order to sell in a timely manner, especially at the higher end of the market.
Now more than ever, you need an experienced real estate professional to guide you through this ever- changing market.
CENTRAL VERMONT
Central Vermont Overview
All Properties | All Price Points
Source: Trendgraphix Data - (1/1/2023 - 3/31/2023) vs. Previous Year To Date (1/1/2022 - 3/31/2022)All Property Types - All Price Points - Lamoille, Orange & Washington Counties Central Vermont 2023 2022 +/ - % TOTAL SALES IN UNITS: 502 728 - 31.0% TOTAL SALES DOLLARS: $234,246,000 $275,358,000 - 15.2% AVERAGE SALE PRICE: $466,625 $379,612 + 22.9% AVERAGE DAYS ON MARKET: 65 67 - 3.0% SOLD PRICE VS. LIST PRICE: 97.76% 99.31% - 1.6%
Key Market Highlights
COUNTY OVERVIEW BY TOWN ORANGE COUNTY OVERVIEW
TOWN
COUNTY
LAMOILLE
BY
WASHINGTON
OVERVIEW BY TOWN
LAMOILLE COUNTY
Lamoille County Overview
All Properties | All Price Points
Source: Trendgraphix Data - (1/1/2023 - 3/31/2023) vs. Previous Year To Date (1/1/2022 - 3/31/2022)All Property Types - All Price Points - Lamoille County, VT Lamoille County 2023 2022 +/ - % TOTAL SALES IN UNITS: 160 208 - 23.1% TOTAL SALES DOLLARS: $121,306,000 $129,939,000 - 6.6% AVERAGE SALE PRICE: $758,159 $624,709 + 21.4% AVERAGE DAYS ON MARKET: 73 69 + 5.8% SOLD PRICE VS. LIST PRICE: 97.92% 99.39% - 1.5%
Lamoille County by Town
All Properties | All Price Points
BELVIDERE 2023 2022 +/- % TOTAL SALES IN UNITS: 1 2 - 50.0% AVERAGE SALE PRICE: $360,000 $337,500 + 6.7% AVERAGE DAYS ON MARKET: 3.0 135.0 - 97.8% SOLD PRICE VS. LIST PRICE: 100.84% 96.57% + 4.4% CAMBRIDGE 2023 2022 +/- % TOTAL SALES IN UNITS: 12 14 - 14.3% AVERAGE SALE PRICE: $341,100 $263,700 + 29.4% AVERAGE DAYS ON MARKET: 82.0 69.0 + 18.8% SOLD PRICE VS. LIST PRICE: 99.76% 98.73% + 1.0% EDEN 2023 2022 +/- % TOTAL SALES IN UNITS: 3 5 - 40.0% AVERAGE SALE PRICE: $171,600 $263,700 - 34.9% AVERAGE DAYS ON MARKET: 10.0 76.0 - 86.8% SOLD PRICE VS. LIST PRICE: 106.16% 103.09% + 3.0% ELMORE 2023 2022 +/- % TOTAL SALES IN UNITS: 2 9 - 77.8% AVERAGE SALE PRICE: $287,500 $408,00 - 29.7% AVERAGE DAYS ON MARKET: 163.0 84.0 + 94.0% SOLD PRICE VS. LIST PRICE: 92.00% 99.98% - 8.0% HYDE PARK 2023 2022 +/- % TOTAL SALES IN UNITS: 5 7 - 28.6% AVERAGE SALE PRICE: $228,600 $301,800 - 24.3% AVERAGE DAYS ON MARKET: 93.0 59.0 + 57.6% SOLD PRICE VS. LIST PRICE: 110.33% 98.95% + 11.5%
MORRISTOWN 2023 2022 +/- % TOTAL SALES IN UNITS: 11 21 - 47.6% AVERAGE SALE PRICE: $403,200 $380,400 + 6.0% AVERAGE DAYS ON MARKET: 55.0 55.0 0.0% SOLD PRICE VS. LIST PRICE: 93.59% 102.98% - 9.1% JOHNSON 2023 2022 +/- % TOTAL SALES IN UNITS: 4 6 - 33.3% AVERAGE SALE PRICE: $294,000 $461,600 - 36.3% AVERAGE DAYS ON MARKET: 29.0 74.0 - 60.8% SOLD PRICE VS. LIST PRICE: 100.86% 95.20% + 5.9% STOWE 2023 2022 +/- % TOTAL SALES IN UNITS: 38 34 + 11.8% AVERAGE SALE PRICE: $1,247,000 $1,219,900 + 2.2% AVERAGE DAYS ON MARKET: 73.0 65.0 + 12.3% SOLD PRICE VS. LIST PRICE: 97.85% 98.91% - 1.1% WATERVILLE 2023 2022 +/- % TOTAL SALES IN UNITS: 2 0 N/A AVERAGE SALE PRICE: $202,500 0 N/A AVERAGE DAYS ON MARKET: 237 0.0 N/A SOLD PRICE VS. LIST PRICE: 94.19% 0.0% N/A WOLCOTT 2023 2022 +/- % TOTAL SALES IN UNITS: 2 6 - 66.7% AVERAGE SALE PRICE: $282,500 $209,800 + 34.7% AVERAGE DAYS ON MARKET: 33.0 99.0 - 66.7% SOLD PRICE VS. LIST PRICE: 99.30% 102.07% - 2.7%
ORANGE COUNTY
Orange County Overview
All Properties | All Price Points
Source: Trendgraphix Data - (1/1/2023 - 3/31/2023) vs. Previous Year To Date (1/1/2022 - 3/31/2022)All Property Types - All Price Points - Orange County, VT Orange County 2023 2022 +/ - % TOTAL SALES IN UNITS: 116 150 - 22.7% TOTAL SALES DOLLARS: $29,123,000 $38,265,000 - 23.9% AVERAGE SALE PRICE: $251,057 $255,103 - 1.6% AVERAGE DAYS ON MARKET: 76 89 - 14.6% SOLD PRICE VS. LIST PRICE: 97.55% 98.34% - 0.8%
Orange County by Town
All Properties | All Price Points
BRADFORD 2023 2022 +/- % TOTAL SALES IN UNITS: 4 7 - 42.9% AVERAGE SALE PRICE: $171,600 $268,600 - 36.1% AVERAGE DAYS ON MARKET: 16.0 59.0 - 72.9% SOLD PRICE VS. LIST PRICE: 96.96% 91.24% + 6.3% BRAINTREE 2023 2022 +/- % TOTAL SALES IN UNITS: 1 5 - 80.0% AVERAGE SALE PRICE: $210,000 $228,500 - 8.1% AVERAGE DAYS ON MARKET: 3.0 95.0 - 96.8% SOLD PRICE VS. LIST PRICE: 107.69% 98.58% + 9.2% BROOKFIELD 2023 2022 +/- % TOTAL SALES IN UNITS: 3 5 - 40.0% AVERAGE SALE PRICE: $290,300 $157,000 + 84.9% AVERAGE DAYS ON MARKET: 120.0 34.0 + 252.9% SOLD PRICE VS. LIST PRICE: 96.33% 104.81% - 8.1% CHELSEA 2023 2022 +/- % TOTAL SALES IN UNITS: 2 0 N/A AVERAGE SALE PRICE: $231,500 0 N/A AVERAGE DAYS ON MARKET: 24 0 N/A SOLD PRICE VS. LIST PRICE: 103.35% 0 N/A CORINTH 2023 2022 +/- % TOTAL SALES IN UNITS: 0 6 - 100.0% AVERAGE SALE PRICE: 0.0 $181,600 - 100.0% AVERAGE DAYS ON MARKET: 0.0 64.0 - 100.0% SOLD PRICE VS. LIST PRICE: 0.00% 100.23% - 100.0%
NEWBURY 2023 2022 +/- % TOTAL SALES IN UNITS: 7 8 - 12.5% AVERAGE SALE PRICE: $217,700 $291,300 - 25.3% AVERAGE DAYS ON MARKET: 74.0 52.0 + 42.3% SOLD PRICE VS. LIST PRICE: 90.55% 98.84% - 8.4% FAIRLEE 2023 2022 +/- % TOTAL SALES IN UNITS: 1 1 0.0% AVERAGE SALE PRICE: $535,100 $950,000 - 43.7% AVERAGE DAYS ON MARKET: 6.0 3.0 + 100.0% SOLD PRICE VS. LIST PRICE: 101.92% 100.00% + 1.9% ORANGE 2023 2022 +/- % TOTAL SALES IN UNITS: 1 1 0.0% AVERAGE SALE PRICE: $360,000 $90,000 + 300.0% AVERAGE DAYS ON MARKET: 171.0 212.0 - 19.3% SOLD PRICE VS. LIST PRICE: 92.31% 81.82% + 12.8% RANDOLPH 2023 2022 +/- % TOTAL SALES IN UNITS: 7 15 - 53.3% AVERAGE SALE PRICE: $256,600 $226,300 + 13.4% AVERAGE DAYS ON MARKET: 193.0 123.0 + 56.9% SOLD PRICE VS. LIST PRICE: 98.08% 100.41% - 2.3% STRAFFORD 2023 2022 +/- % TOTAL SALES IN UNITS: 1 1 0.0% AVERAGE SALE PRICE: $410,000 $352,000 + 16.5% AVERAGE DAYS ON MARKET: 47.0 4.0 + 1075.0% SOLD PRICE VS. LIST PRICE: 91.11% 108.31% - 15.9% THETFORD 2023 2022 +/- % TOTAL SALES IN UNITS: 2 7 - 71.4% AVERAGE SALE PRICE: $229,500 $355,700 - 35.5% AVERAGE DAYS ON MARKET: 25.0 103.0 - 75.7% SOLD PRICE VS. LIST PRICE: 92.17% 98.69% - 6.6%
TUNBRIDGE 2023 2022 +/- % TOTAL SALES IN UNITS: 5 3 + 66.7% AVERAGE SALE PRICE: $355,800 $400,700 - 11.2% AVERAGE DAYS ON MARKET: 84.0 92.0 - 8.7% SOLD PRICE VS. LIST PRICE: 99.16% 94.87% + 4.5% TOPSHAM 2023 2022 +/- % TOTAL SALES IN UNITS: 4 4 0.0% AVERAGE SALE PRICE: $149,400 $153,500 - 2.7% AVERAGE DAYS ON MARKET: 102.0 69.0 + 47.8% SOLD PRICE VS. LIST PRICE: 102.14% 103.19% - 1.0% VERSHIRE 2023 2022 +/- % TOTAL SALES IN UNITS: 3 0 N/A AVERAGE SALE PRICE: $367,700 0 N/A AVERAGE DAYS ON MARKET: 94.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 96.75% 0.00% N/A WASHINGTON 2023 2022 +/- % TOTAL SALES IN UNITS: 3 1 + 200.0% AVERAGE SALE PRICE: $118,500 $120,000 - 1.3% AVERAGE DAYS ON MARKET: 55.0 71.0 - 22.5% SOLD PRICE VS. LIST PRICE: 96.34% 96.00% + 0.4% WELLS RIVER 2023 2022 +/- % TOTAL SALES IN UNITS: 2 3 - 33.3% AVERAGE SALE PRICE: $225,000 $261,200 - 13.9% AVERAGE DAYS ON MARKET: 11.0 141.0 - 92.2% SOLD PRICE VS. LIST PRICE: 102.74% 96.49% + 6.5% WEST FAIRLEE 2023 2022 +/- % TOTAL SALES IN UNITS: 3 0 N/A AVERAGE SALE PRICE: $367,700 0 N/A AVERAGE DAYS ON MARKET: 94.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 96.75% 0.00% N/A
WILLIAMSTOWN 2023 2022 +/- % TOTAL SALES IN UNITS: 10 8 + 25.0% AVERAGE SALE PRICE: $234,700 $238,500 - 1.6% AVERAGE DAYS ON MARKET: 45.0 122.0 - 63.1% SOLD PRICE VS. LIST PRICE: 99.87% 97.90% + 2.0%
WASHINGTON COUNTY
Washington County Overview
All Properties | All Price Points
Source: Trendgraphix Data - (1/1/2023 - 3/31/2023) vs. Previous Year To Date (1/1/2022 - 3/31/2022)All Property Types - All Price Points - Washington County, VT Washington County 2023 2022 +/ - % TOTAL SALES IN UNITS: 226 370 - 38.9% TOTAL SALES DOLLARS: $83,818,000 $108,153,000 - 22.5% AVERAGE SALE PRICE: $370,874 $292,304 + 26.9% AVERAGE DAYS ON MARKET: 54 57 - 5.3% SOLD PRICE VS. LIST PRICE: 97.59% 99.57% - 2.0%
Washington County by Town
All Properties | All Price Points
BARRE CITY 2023 2022 +/- % TOTAL SALES IN UNITS: 16 45 - 64.4% AVERAGE SALE PRICE: $190,100 $157,000 + 21.1% AVERAGE DAYS ON MARKET: 40.0 65.0 - 38.5% SOLD PRICE VS. LIST PRICE: 98.16% 97.90% + 0.3% BARRE TOWN 2023 2022 +/- % TOTAL SALES IN UNITS: 12 28 - 57.1% AVERAGE SALE PRICE: $300,400 $239,400 + 25.5% AVERAGE DAYS ON MARKET: 71.0 44.0 + 61.4% SOLD PRICE VS. LIST PRICE: 98.47% 100.11% - 1.6% BERLIN 2023 2022 +/- % TOTAL SALES IN UNITS: 7 8 - 12.5% AVERAGE SALE PRICE: $362,900 $265,600 + 36.6% AVERAGE DAYS ON MARKET: 33.0 81.0 - 59.3% SOLD PRICE VS. LIST PRICE: 99.39% 99.34% + 0.1% CABOT 2023 2022 +/- % TOTAL SALES IN UNITS: 3 2 + 50.0% AVERAGE SALE PRICE: $125,300 $724,500 - 82.7% AVERAGE DAYS ON MARKET: 156.0 53.0 + 194.3% SOLD PRICE VS. LIST PRICE: 92.38% 98.30% - 6.0% CALAIS 2023 2022 +/- % TOTAL SALES IN UNITS: 2 5 - 60.0% AVERAGE SALE PRICE: $512,500 $405,000 + 26.5% AVERAGE DAYS ON MARKET: 63.0 86.0 - 26.7% SOLD PRICE VS. LIST PRICE: 98.18% 101.45% - 3.2%
EAST MONTPELIER 2023 2022 +/- % TOTAL SALES IN UNITS: 1 3 - 66.7% AVERAGE SALE PRICE: $90,000 $363,700 - 75.3% AVERAGE DAYS ON MARKET: 13.0 74.0 - 82.4% SOLD PRICE VS. LIST PRICE: 90.91% 99.73% - 8.8% DUXBURY 2023 2022 +/- % TOTAL SALES IN UNITS: 1 6 - 83.3% AVERAGE SALE PRICE: $135,000 $379,700 - 64.4% AVERAGE DAYS ON MARKET: 12.0 52.0 - 76.9% SOLD PRICE VS. LIST PRICE: 112.50% 97.31% + 15.6% FAYSTON 2023 2022 +/- % TOTAL SALES IN UNITS: 5 6 - 16.7% AVERAGE SALE PRICE: $293,900 $484,500 - 39.3% AVERAGE DAYS ON MARKET: 49.0 125.0 - 60.8% SOLD PRICE VS. LIST PRICE: 105.80% 104.16% + 1.6% MARSHFIELD 2023 2022 +/- % TOTAL SALES IN UNITS: 2 3 - 33.3% AVERAGE SALE PRICE: $349,500 $138,800 + 151.8% AVERAGE DAYS ON MARKET: 23.0 21.0 + 9.5% SOLD PRICE VS. LIST PRICE: 97.90% 106.52% - 8.1% MIDDLESEX 2023 2022 +/- % TOTAL SALES IN UNITS: 1 4 - 75.0% AVERAGE SALE PRICE: $559,900 $457,500 + 22.4% AVERAGE DAYS ON MARKET: 5.0 55.0 - 90.9% SOLD PRICE VS. LIST PRICE: 101.99% 95.66% + 6.6% MONTPELIER 2023 2022 +/- % TOTAL SALES IN UNITS: 17 20 - 15.0% AVERAGE SALE PRICE: $394,300 $423,500 - 6.9% AVERAGE DAYS ON MARKET: 68.0 36.0 + 88.9% SOLD PRICE VS. LIST PRICE: 99.51% 98.26% + 1.3%
NORTHFIELD 2023 2022 +/- % TOTAL SALES IN UNITS: 7 6 + 16.7% AVERAGE SALE PRICE: $454,800 $330,300 + 37.7% AVERAGE DAYS ON MARKET: 61.0 44.0 + 38.6% SOLD PRICE VS. LIST PRICE: 85.74% 99.90% -14.2% MORETOWN 2023 2022 +/- % TOTAL SALES IN UNITS: 5 1 + 400.0% AVERAGE SALE PRICE: $212,600 $65,000 + 227.1% AVERAGE DAYS ON MARKET: 27.0 133.0 - 79.7% SOLD PRICE VS. LIST PRICE: 98.61% 73.03% + 35.0% PLAINFIELD 2023 2022 +/- % TOTAL SALES IN UNITS: 2 4 - 50.0% AVERAGE SALE PRICE: $264,100 $182,100 + 45.0% AVERAGE DAYS ON MARKET: 43.0 66.0 - 34.8% SOLD PRICE VS. LIST PRICE: 107.80% 94.99% + 13.5% WAITSFIELD 2023 2022 +/- % TOTAL SALES IN UNITS: 5 4 + 25.0% AVERAGE SALE PRICE: $357,400 $138,800 + 157.5% AVERAGE DAYS ON MARKET: 68.0 30.0 + 126.7% SOLD PRICE VS. LIST PRICE: 98.46% 102.40% -3.8% ROXBURY 2023 2022 +/- % TOTAL SALES IN UNITS: 0 4 - 100.0% AVERAGE SALE PRICE: 0.0 $215,500 - 100.0% AVERAGE DAYS ON MARKET: 0.0 25.0 - 100.0% SOLD PRICE VS. LIST PRICE: 0.00% 104.48% - 100.0% WARREN 2023 2022 +/- % TOTAL SALES IN UNITS: 9 20 - 55.0% AVERAGE SALE PRICE: $609,700 $325,700 + 87.2% AVERAGE DAYS ON MARKET: 53.0 46.0 + 15.2% SOLD PRICE VS. LIST PRICE: 102.34% 99.37% + 3.0%
WOODBURY 2023 2022 +/- % TOTAL SALES IN UNITS: 4 5 - 20.0% AVERAGE SALE PRICE: $432,500 $148,100 + 192.0% AVERAGE DAYS ON MARKET: 47.0 31.0 + 51.6% SOLD PRICE VS. LIST PRICE: 98.24% 100.07% - 1.8% WATERBURY 2023 2022 +/- % TOTAL SALES IN UNITS: 13 9 + 44.4% AVERAGE SALE PRICE: $596,200 $461,500 + 29.2% AVERAGE DAYS ON MARKET: 46.0 60.0 - 23.3% SOLD PRICE VS. LIST PRICE: 94.42% 103.85% - 9.1% WORCESTER 2023 2022 +/- % TOTAL SALES IN UNITS: 1 2 - 50.0% AVERAGE SALE PRICE: $135,000 $1,057,500 -87.2% AVERAGE DAYS ON MARKET: 116.0 181.0 - 35.9% SOLD PRICE VS. LIST PRICE: 100.00% 99.30% + 0.7%
Vermont
Vermont New York
Champlain Valley
Hudson Valley
South Burlington: 802.864.0541
Kingston: 845.331.3100
Rhinebeck: 845.876.5100
Central Vermont
Tivoli: 845.757.5000
Rutland: 802.774.7007
Catskill: 518.943.7533
Killington: 802.746.4203
Hudson: 518.822.0800
Stowe: 802.253.7267
Upstate New York
Northeast Kingdom
Saratoga Springs: 518.580.8500
St. Johnsbury: 802.751.7582
Bolton Landing: 518.644.9500
Lake Placid: 518.523.2550
Southern Vermont
Central New York
Mount Snow: 802.464.1200
Stratton: 802.297.1100
Syracuse: 315.685.8100
Manchester: 802.362.4551
Thousand Islands Region: 315.685.8100
Okemo: 802.228.4537
Finger Lakes Region: 315.685.8100
Upper Valley
Western New York
Fairlee: 802.333.4701
Buffalo: 716.320.1414
Rochester: 585.394.7111
New Hampshire
Lake Sunapee Region
New London: 603.526.4050
Lakes Region of New Hampshire
Meredith: 603.677.7012
Southern New Hampshire Bedford: 603.413.7600
Peterborough: 603.924.3321
Upper Valley
Hanover: 603.643.6070
New York
Hudson Valley
Kingston: 845.331.3100
Champlain Valley South Burlington: 802.864.0541
Rhinebeck: 845.876.5100
Central Vermont
Tivoli: 845.757.5000
Rutland: 802.774.7007
Catskill: 518.943.7533
Killington: 802.746.4203
Hudson: 518.822.0800
Stowe: 802.253.7267
Upstate New York
Northeast Kingdom St. Johnsbury: 802.751.7582
Saratoga Springs: 518.580.8500
Bolton Landing: 518.644.9500
Lake Placid: 518.523.2550
Southern Vermont
Central New York
Mount Snow: 802.464.1200
Stratton: 802.297.1100
Syracuse: 315.685.8100
Thousand Islands Region: 315.685.8100
Manchester: 802.362.4551
Finger Lakes Region: 315.685.8100
Okemo: 802.228.4537
Upper Valley Fairlee: 802.333.4701
Western New York
Buffalo: 716.320.1414
Rochester: 585.394.7111
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Hampshire