Rutland County, VT MARKET REPORT | Q1 - Q3 2023
Market Overview At A Glance RUTLAND COUNTY The Rutland County housing market began to slow to pre-pandemic levels during Q1Q3 2023 due primarily to limited inventory available for sale. The total number of units sold was down by -26.3% across Rutland County. Additionally, the average sales price decreased by -3.4%, and the average days on market decreased by +14.6%. The most active markets in Rutland County were Brandon, Castleton, Killington and Rutland City. There is a full breakdown by town in this report for more details at a local market level. For the remainder of 2023 and into 2024, 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. 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 Rutland County
2023
2022
+/-- % +/
TOTAL SALES IN UNITS:
1,192
1,618
- 26.3%
TOTAL SALES DOLLARS:
$363,766,000
$511,216,000
- 28.8%
AVERAGE SALE PRICE:
$305,173
$315,955
- 3.4%
AVERAGE DAYS ON MARKET:
55
48
+ 14.6%
SOLD PRICE VS. LIST PRICE:
98.25%
99.21%
- 1.0%
Source: Trendgraphix Data - (1/1/2023 - 9/30/2023) vs. Previous Year To Date (1/1/2022 - 9/30/2022) All Property Types - All Price Points -Rutland County, VT
Rutland County by Town All Properties | All Price Points BENSON
2023
2022
+/- %
TOTAL SALES IN UNITS:
6
8
- 25.0%
AVERAGE SALE PRICE:
$335,800
$304,600
+ 10.2%
AVERAGE DAYS ON MARKET:
108.0
43.0
+ 151.2%
SOLD PRICE VS. LIST PRICE:
97.63%
101.90%
- 4.2%
BRANDON
2023
2022
+/- %
TOTAL SALES IN UNITS:
34
37
- 8.1%
AVERAGE SALE PRICE:
$305,700
$269,700
+ 13.3%
AVERAGE DAYS ON MARKET:
62.0
52.0
+ 19.2%
SOLD PRICE VS. LIST PRICE:
99.92%
100.52%
- 0.6%
CASTLETON
2023
2022
+/- %
TOTAL SALES IN UNITS:
36
54
- 33.3%
AVERAGE SALE PRICE:
$325,000
$407,500
- 20.2%
AVERAGE DAYS ON MARKET:
53.0
35.0
+ 51.4%
SOLD PRICE VS. LIST PRICE:
96.19%
96.41%
- 0.2%
CHITTENDEN
2023
2022
+/- %
TOTAL SALES IN UNITS:
9
8
+ 12.5%
AVERAGE SALE PRICE:
$311,000
$337,400
- 7.8%
AVERAGE DAYS ON MARKET:
61.0
53.0
+ 15.1%
SOLD PRICE VS. LIST PRICE:
90.38%
101.77%
- 11.2%
CLARENDON
2023
2022
+/- %
TOTAL SALES IN UNITS:
16
20
-20.0%
AVERAGE SALE PRICE:
$300,900
$386,800
- 22.2%
AVERAGE DAYS ON MARKET:
39.0
58.0
- 32.8%
SOLD PRICE VS. LIST PRICE:
95.70%
96.49%
- 0.8%
DANBY
2023
2022
+/- %
TOTAL SALES IN UNITS:
12
25
- 52.0%
AVERAGE SALE PRICE:
$265,000
$431,200
- 38.5%
AVERAGE DAYS ON MARKET:
54.0
118.0
- 54.2%
SOLD PRICE VS. LIST PRICE:
91.58%
98.46%
- 7.0%
FAIR HAVEN
2023
2022
+/- %
TOTAL SALES IN UNITS:
15
19
- 21.1%
AVERAGE SALE PRICE:
$190,100
$177,300
+ 7.2%
AVERAGE DAYS ON MARKET:
53.0
57.0
- 7.0%
SOLD PRICE VS. LIST PRICE:
97.75%
95.89%
+ 1.9%
HUBBARDTON
2023
2022
+/- %
TOTAL SALES IN UNITS:
15
6
+ 150.0%
AVERAGE SALE PRICE:
$298,600
$330,800
- 9.7%
AVERAGE DAYS ON MARKET:
61.0
5.0
+ 1120.0%
SOLD PRICE VS. LIST PRICE:
97.34%
98.41%
- 1.1%
IRA
2023
2022
+/- %
TOTAL SALES IN UNITS:
4
4
0.0%
AVERAGE SALE PRICE:
$320,800
$235,600
+ 36.2%
AVERAGE DAYS ON MARKET:
60.0
69.0
- 13.0%
SOLD PRICE VS. LIST PRICE:
98.79%
98.79%
0.0%
KILLINGTON
2023
2022
+/- %
TOTAL SALES IN UNITS:
66
126
- 47.6%
AVERAGE SALE PRICE:
$386,300
$404,300
- 4.5%
AVERAGE DAYS ON MARKET:
45.0
37.0
+ 21.6%
SOLD PRICE VS. LIST PRICE:
101.02%
100.18%
+ 0.8%
MENDON
2023
2022
+/- %
TOTAL SALES IN UNITS:
24
28
- 14.3%
AVERAGE SALE PRICE:
$285,600
$241,100
+ 18.5%
AVERAGE DAYS ON MARKET:
79.0
38.0
+ 107.9%
SOLD PRICE VS. LIST PRICE:
99.04%
103.54%
- 4.3%
MIDDLETOWN SPRINGS
2023
2022
+/- %
TOTAL SALES IN UNITS:
1
11
- 90.9%
AVERAGE SALE PRICE:
$682,000
$170,600
+ 299.8%
AVERAGE DAYS ON MARKET:
14.0
58.0
- 75.9%
SOLD PRICE VS. LIST PRICE:
96.06%
95.38%
+ 0.7%
MOUNT HOLLY
2023
2022
+/- %
TOTAL SALES IN UNITS:
15
32
- 53.1%
AVERAGE SALE PRICE:
$436,900
$496,100
- 11.9%
AVERAGE DAYS ON MARKET:
70.0
61.0
+ 14.8%
SOLD PRICE VS. LIST PRICE:
97.57%
99.05%
- 1.5%
MOUNT TABOR
2023
2022
+/- %
TOTAL SALES IN UNITS:
2
3
- 33.3%
AVERAGE SALE PRICE:
$152,500
$353,300
- 56.8%
AVERAGE DAYS ON MARKET:
258.0
58.0
+ 344.8%
SOLD PRICE VS. LIST PRICE:
96.83%
93.39%
+ 3.7%
PAWLET
2023
2022
+/- %
TOTAL SALES IN UNITS:
18
12
+ 50.0%
AVERAGE SALE PRICE:
$383,300
$188,100
+ 103.8%
AVERAGE DAYS ON MARKET:
89.0
44.0
+ 102.3%
SOLD PRICE VS. LIST PRICE:
99.37%
96.56%
+ 2.9%
PITTSFIELD
2023
2022
+/- %
TOTAL SALES IN UNITS:
8
9
- 11.1%
AVERAGE SALE PRICE:
$543,800
$461,300
+ 17.9%
AVERAGE DAYS ON MARKET:
39.0
18.0
+ 116.7%
SOLD PRICE VS. LIST PRICE:
99.57%
102.79%
- 3.1%
PITTSFORD
2023
2022
+/- %
TOTAL SALES IN UNITS:
17
22
- 22.7%
AVERAGE SALE PRICE:
$326,200
$276,800
+ 17.8%
AVERAGE DAYS ON MARKET:
43.0
129.0
- 66.7%
SOLD PRICE VS. LIST PRICE:
100.27%
97.04%
+ 3.3%
POULTNEY
2023
2022
+/- %
TOTAL SALES IN UNITS:
32
35
- 8.6%
AVERAGE SALE PRICE:
$308,700
$236,000
+ 30.8%
AVERAGE DAYS ON MARKET:
63.0
52.0
+ 21.2%
SOLD PRICE VS. LIST PRICE:
97.27%
99.35%
- 2.1%
PROCTOR
2023
2022
+/- %
TOTAL SALES IN UNITS:
16
19
- 15.8%
AVERAGE SALE PRICE:
$232,400
$221,800
+ 4.8%
AVERAGE DAYS ON MARKET:
13.0
31.0
- 58.1%
SOLD PRICE VS. LIST PRICE:
99.23%
97.98%
+ 1.3%
RUTLAND CITY
2023
2022
+/- %
TOTAL SALES IN UNITS:
149
188
- 20.7%
AVERAGE SALE PRICE:
$227,400
$209,700
+ 8.4%
AVERAGE DAYS ON MARKET:
53.0
34.0
+ 55.9%
SOLD PRICE VS. LIST PRICE:
98.02%
99.42%
- 1.4%
RUTLAND TOWN
2023
2022
+/- %
TOTAL SALES IN UNITS:
34
40
- 15.0%
AVERAGE SALE PRICE:
$411,500
$399,900
+ 2.9%
AVERAGE DAYS ON MARKET:
36.0
47.0
- 23.4%
SOLD PRICE VS. LIST PRICE:
99.08%
100.64%
- 1.6%
SHREWSBURY
2023
2022
+/- %
TOTAL SALES IN UNITS:
6
17
- 64.7%
AVERAGE SALE PRICE:
$404,500
$388,000
+ 4.3%
AVERAGE DAYS ON MARKET:
24.0
36.0
- 33.3%
SOLD PRICE VS. LIST PRICE:
96.46%
100.30%
- 3.8%
SUDBURY
2023
2022
+/- %
TOTAL SALES IN UNITS:
10
10
0.0%
AVERAGE SALE PRICE:
$275,500
$281,200
- 2.0%
AVERAGE DAYS ON MARKET:
128.0
82.0
+ 56.1%
SOLD PRICE VS. LIST PRICE:
95.82%
103.77%
- 7.7%
TINMOUTH
2023
2022
+/- %
TOTAL SALES IN UNITS:
5
6
- 16.7%
AVERAGE SALE PRICE:
$424,500
$628,800
- 32.5%
AVERAGE DAYS ON MARKET:
74.0
100.0
- 26.0%
SOLD PRICE VS. LIST PRICE:
98.13%
102.58%
- 4.3%
WALLINGFORD
2023
2022
+/- %
TOTAL SALES IN UNITS:
14
28
- 50.0%
AVERAGE SALE PRICE:
$363,200
$417,100
- 12.9%
AVERAGE DAYS ON MARKET:
76.0
58.0
+ 31.0%
SOLD PRICE VS. LIST PRICE:
100.54%
96.41%
+ 4.3%
WELLS
2023
2022
+/- %
TOTAL SALES IN UNITS:
17
14
+ 21.4%
AVERAGE SALE PRICE:
$277,100
$339,400
- 18.4%
AVERAGE DAYS ON MARKET:
56.0
70.0
- 20.0%
SOLD PRICE VS. LIST PRICE:
96.44%
98.88%
- 2.5%
WEST HAVEN
2023
2022
+/- %
TOTAL SALES IN UNITS:
2
3
- 33.3%
AVERAGE SALE PRICE:
$147,500
$219,100
- 32.7%
AVERAGE DAYS ON MARKET:
34.0
163.0
- 79.1%
SOLD PRICE VS. LIST PRICE:
75.84%
95.40%
- 20.5%
WEST RUTLAND
2023
2022
+/- %
TOTAL SALES IN UNITS:
14
25
- 44.0%
AVERAGE SALE PRICE:
$231,300
$260,400
- 11.2%
AVERAGE DAYS ON MARKET:
28.0
54.0
- 48.1%
SOLD PRICE VS. LIST PRICE:
98.89%
100.20%
- 1.3%
Source: Trendgraphix Data - (1/1/2023 - 9/30/2023) vs. Previous Year To Date (1/1/2022 - 9/30/2022) All Property Types - All Price Points -Rutland County, VT
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Vermont New York ChamplainHudson Valley Valley Kingston: 845.331.3100 South Burlington: 802.864.0541 Rhinebeck: 845.876.5100 Central Tivoli: Vermont 845.757.5000 Catskill: 518.943.7533 Rutland: 802.774.7007 518.822.0800 Killington:Hudson: 802.746.4203 Stowe: 802.253.7267 Upstate New York Northeast Kingdom Saratoga Springs: 518.580.8500 St. Johnsbury: Bolton802.751.7582 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: Thousand 802.362.4551 Islands Region: 315.685.8100 Okemo: 802.228.4537 Finger Lakes Region: 315.685.8100
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
Upper Valley Western New York Fairlee: 802.333.4701 Buffalo: 716.320.1414 Rochester: 585.394.7111
Vermont New York Hudson Valley Champlain Valley Kingston:802.864.0541 845.331.3100 South Burlington: Rhinebeck: 845.876.5100 Central Tivoli:Vermont 845.757.5000 Catskill: 518.943.7533 Rutland: 802.774.7007 Hudson: 518.822.0800 Killington: 802.746.4203 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: Syracuse: 802.297.1100 315.685.8100 Thousand Manchester: Islands 802.362.4551 Region: 315.685.8100 Okemo: 802.228.4537 Finger Lakes Region: 315.685.8100
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Upper Western ValleyNew York Fairlee:Buffalo: 802.333.4701 716.320.1414 Rochester: 585.394.7111
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