Rutland County Vermont
Full Year 2022
Annual Market Report
Market Overview At A Glance
RUTLAND COUNTY
The Rutland County housing market began to normalize in 2022 after nearly two red-hot years.
Limited inventory remained a major driving factor, and the total number of units sold was down by 16.2% across Rutland County. However, the average sales price increased by 12.0%, and the average days on market decreased by 32.4%. Additionally properties sold above list price increased slightly by +0.7%.
The hottest markets in Rutland County were Brandon, Castleton, Danby, Hubbardton, Ira, Mount Tabor, Rutland Town, Tinmouth and Wallingford which all reflected a 30%+ price increase in 2022. There is a full breakdown by town in this report for more details at a local market level.
Moving into 2023, the majority of headlines on a national level are predicting a downturn in the housing market. However, we have not seen that swift downturn of activity in Rutland County. Yes, the market has begun to normalize, but we anticipate that buyer demand will continue to be strong, driven by limited inventory and that pricing will continue to stabilize. Pricing appropriately for Sellers will become of the utmost importance in order to sell in a timely manner.
Now more than ever, you need an experienced real estate professional to guide you through this ever-changing market.
Rutland County Overview
All Properties | All Price Points
Source: Trendgraphix Data - (1/1/2022 - 12/31/2022) vs. Previous Year To Date (1/1/2021 - 12/31/2021)All Property Types - All Price Points -Rutland County, VT Rutland County 2022 2021 +/ - % TOTAL SALES IN UNITS: 2,042 2,436 - 16.2% TOTAL SALES DOLLARS: $643,453,000 $685,498,000 - 6.1% AVERAGE SALE PRICE: $315,109 $281,403 + 12.0% AVERAGE DAYS ON MARKET: 50 74 - 32.4% SOLD PRICE VS. LIST PRICE: 98.78% 98.08% + 0.7%
Rutland County by Town
All Properties | All Price Points
BENSON 2022 2021 +/- % TOTAL SALES IN UNITS: 9 12 - 25.0% AVERAGE SALE PRICE: $326,278 $279,617 + 16.7% AVERAGE DAYS ON MARKET: 39.0 110.0 - 64.5% SOLD PRICE VS. LIST PRICE: 104.28% 96.70% + 7.8% BRANDON 2022 2021 +/- % TOTAL SALES IN UNITS: 43 59 - 27.1% AVERAGE SALE PRICE: $274,663 $214,253 + 28.2% AVERAGE DAYS ON MARKET: 67.0 97.0 - 30.9% SOLD PRICE VS. LIST PRICE: 99.25% 96.98% + 2.3% CASTLETON 2022 2021 +/- % TOTAL SALES IN UNITS: 61 56 + 8.9% AVERAGE SALE PRICE: $399,225 $288,781 + 38.2% AVERAGE DAYS ON MARKET: 50.0 62.0 - 19.4% SOLD PRICE VS. LIST PRICE: 96.12% 95.89% + 0.2% CHITTENDEN 2022 2021 +/- % TOTAL SALES IN UNITS: 11 11 0.0% AVERAGE SALE PRICE: $359,588 $334,000 + 7.7% AVERAGE DAYS ON MARKET: 46.0 100.0 - 54.0% SOLD PRICE VS. LIST PRICE: 99.96% 97.35% + 2.7% CLARENDON 2022 2021 +/- % TOTAL SALES IN UNITS: 24 26 - 7.7% AVERAGE SALE PRICE: $368,346 $222,938 + 65.2% AVERAGE DAYS ON MARKET: 50.0 103.0 - 51.5% SOLD PRICE VS. LIST PRICE: 96.75% 97.47% - 0.7%
FAIR HAVEN 2022 2021 +/- % TOTAL SALES IN UNITS: 27 38 - 28.9% AVERAGE SALE PRICE: $180,787 $162,866 + 11.0% AVERAGE DAYS ON MARKET: 68.0 96.0 - 29.2% SOLD PRICE VS. LIST PRICE: 95.49% 96.22% - 0.8% DANBY 2022 2021 +/- % TOTAL SALES IN UNITS: 28 22 + 27.3% AVERAGE SALE PRICE: $435,511 $233,873 + 86.2% AVERAGE DAYS ON MARKET: 107.0 111.0 - 3.6% SOLD PRICE VS. LIST PRICE: 98.52% 99.31% - 0.8% HUBBARDTON 2022 2021 +/- % TOTAL SALES IN UNITS: 10 15 - 33.3% AVERAGE SALE PRICE: $301,000 $210,960 + 42.7% AVERAGE DAYS ON MARKET: 9.0 153.0 - 94.1% SOLD PRICE VS. LIST PRICE: 98.14% 96.53% + 1.7% IRA 2022 2021 +/- % TOTAL SALES IN UNITS: 6 8 - 25.0% AVERAGE SALE PRICE: $258,750 $174,249 + 48.5% AVERAGE DAYS ON MARKET: 49.0 127.0 - 61.4% SOLD PRICE VS. LIST PRICE: 99.33% 87.51% + 13.5% KILLINGTON 2022 2021 +/- % TOTAL SALES IN UNITS: 166 265 - 37.4% AVERAGE SALE PRICE: $404,040 $380,071 + 6.3% AVERAGE DAYS ON MARKET: 45.0 53.0 - 15.1% SOLD PRICE VS. LIST PRICE: 99.48% 99.24% + 0.2% MENDON 2022 2021 +/- % TOTAL SALES IN UNITS: 34 43 - 20.9% AVERAGE SALE PRICE: $264,485 $562,572 - 53.0% AVERAGE DAYS ON MARKET: 42.0 102.0 - 58.8% SOLD PRICE VS. LIST PRICE: 102.63% 103.41% - 0.8%
ST MOUNT HOLLY 2022 2021 +/- % TOTAL SALES IN UNITS: 37 49 - 24.5% AVERAGE SALE PRICE: $462,198 $416,736 + 10.9% AVERAGE DAYS ON MARKET: 55.0 79.0 - 30.4% SOLD PRICE VS. LIST PRICE: 99.15% 95.27% + 4.1% MIDDLETOWN SPRINGS 2022 2021 +/- % TOTAL SALES IN UNITS: 14 17 - 17.6% AVERAGE SALE PRICE: $169,143 $224,353 - 24.6% AVERAGE DAYS ON MARKET: 47.0 72.0 - 34.7% SOLD PRICE VS. LIST PRICE: 97.05% 96.39% + 0.7% MOUNT TABOR 2022 2021 +/- % TOTAL SALES IN UNITS: 3 3 0.0% AVERAGE SALE PRICE: $353,333 $244,167 + 44.7% AVERAGE DAYS ON MARKET: 58.0 35.0 + 65.7% SOLD PRICE VS. LIST PRICE: 93.39% 98.06% - 4.8% PAWLET 2022 2021 +/- % TOTAL SALES IN UNITS: 21 23 - 8.7% AVERAGE SALE PRICE: $331,143 $269,739 + 22.8% AVERAGE DAYS ON MARKET: 55.0 41.0 + 34.1% SOLD PRICE VS. LIST PRICE: 97.06% 98.90% - 1.9% PITTSFIELD 2022 2021 +/- % TOTAL SALES IN UNITS: 13 17 - 23.5% AVERAGE SALE PRICE: $399,026 $327,765 + 21.7% AVERAGE DAYS ON MARKET: 28.0 38.0 - 26.3% SOLD PRICE VS. LIST PRICE: 102.54% 100.34% + 2.2% PITTSFORD 2022 2021 +/- % TOTAL SALES IN UNITS: 58 80 - 27.5% AVERAGE SALE PRICE: $275,997 $242,288 + 15.0% AVERAGE DAYS ON MARKET: 108 84 + 28.6% SOLD PRICE VS. LIST PRICE: 97.18% 98.87% - 1.7%
RUTLAND CITY 2022 2021 +/- % TOTAL SALES IN UNITS: 241 232 + 3.9% AVERAGE SALE PRICE: $212,898 $178,575 + 19.2% AVERAGE DAYS ON MARKET: 36.0 64.0 - 43.8% SOLD PRICE VS. LIST PRICE: 98.69% 97.30% + 1.4% PROCTOR 2022 2021 +/- % TOTAL SALES IN UNITS: 23 34 - 32.4% AVERAGE SALE PRICE: $226,076 $205,974 + 9.8% AVERAGE DAYS ON MARKET: 33.0 56.0 - 41.1% SOLD PRICE VS. LIST PRICE: 98.41% 98.08% + 0.3% RUTLAND TOWN 2022 2021 +/- % TOTAL SALES IN UNITS: 50 54 - 7.4% AVERAGE SALE PRICE: $409,826 $295,274 + 38.8% AVERAGE DAYS ON MARKET: 43.0 112.0 - 61.6% SOLD PRICE VS. LIST PRICE: 99.56% 97.11% + 2.5% SHREWSBURY 2022 2021 +/- % TOTAL SALES IN UNITS: 18 17 + 5.9% AVERAGE SALE PRICE: $388,383 $301,618 + 28.8% AVERAGE DAYS ON MARKET: 37.0 101.0 - 63.4% SOLD PRICE VS. LIST PRICE: 100.29% 96.96% + 3.4% SUDBURY 2022 2021 +/- % TOTAL SALES IN UNITS: 12 15 - 20.0% AVERAGE SALE PRICE: $299,345 $331,593 - 9.7% AVERAGE DAYS ON MARKET: 70.0 111.0 - 36.9% SOLD PRICE VS. LIST PRICE: 102.52% 98.22% + 4.4% POULTNEY 2022 2021 +/- % TOTAL SALES IN UNITS: 45 43 + 4.7% AVERAGE SALE PRICE: $219,460 $214,248 + 2.4% AVERAGE DAYS ON MARKET: 47.0 74.0 - 36.5% SOLD PRICE VS. LIST PRICE: 98.62% 95.07% + 3.7%
WELLS 2022 2021 +/- % TOTAL SALES IN UNITS: 19 35 - 45.7% AVERAGE SALE PRICE: $323,895 $274,126 + 18.2% AVERAGE DAYS ON MARKET: 55.0 64.0 - 14.1% SOLD PRICE VS. LIST PRICE: 99.56% 98.79% + 0.8% WALLINGFORD 2022 2021 +/- % TOTAL SALES IN UNITS: 30 29 + 3.4% AVERAGE SALE PRICE: $399,577 $282,852 + 41.3% AVERAGE DAYS ON MARKET: 54.0 87.0 - 37.9% SOLD PRICE VS. LIST PRICE: 96.62% 96.12% + 0.5% WEST HAVEN 2022 2021 +/- % TOTAL SALES IN UNITS: 5 2 + 150.0% AVERAGE SALE PRICE: $257,182 $539,750 - 52.4% AVERAGE DAYS ON MARKET: 131.0 79.0 + 65.8% SOLD PRICE VS. LIST PRICE: 94.97% 96.38% - 1.5% WEST RUTLAND 2022 2021 +/- % TOTAL SALES IN UNITS: 31 25 + 24.0% AVERAGE SALE PRICE: $239,974 $212,464 + 12.9% AVERAGE DAYS ON MARKET: 49.0 42.0 + 16.7% SOLD PRICE VS. LIST PRICE: 98.25% 97.77% + 0.5%
12/31/2021)
Property Types - All Price
-Rutland County,
TINMOUTH 2022 2021 +/- % TOTAL SALES IN UNITS: 8 13 - 38.5% AVERAGE SALE PRICE: $783,500 $308,808 + 153.7% AVERAGE DAYS ON MARKET: 79.0 117.0 - 32.5% SOLD PRICE VS. LIST PRICE: 100.00% 97.16% + 2.9%
Source: Trendgraphix Data - (1/1/2022 - 12/31/2022) vs. Previous Year To Date (1/1/2021 -
All
Points
VT
Vermont
New York
New Hampshire
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
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
Champlain Valley
Hudson Valley
Kingston: 845.331.3100
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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