Market Report - Rutland County Q1 2023 by Four Seasons Sotheby's International Realty

Rutland County Vermont

Market

Report

Q1 2023

Market Overview At A Glance

RUTLAND COUNTY

The Rutland County housing market 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 25% across Rutland County. However, the average sales price increased by 2.3%, while the average days on market increased slightly by 2.2%.

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 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.

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 - (1/1/2023 - 3/31/2023) vs. Previous Year To Date (1/1/2022 - 3/31/2022)All Property Types - All Price Points -Rutland County, VT Rutland County 2023 2022 +/ - % TOTAL SALES IN UNITS: 288 448 - 35.7% TOTAL SALES DOLLARS: $79,313,000 $130,780,000 - 39.4% AVERAGE SALE PRICE: $275,393 $291,919 - 5.7% AVERAGE DAYS ON MARKET: 68 62 + 9.7% SOLD PRICE VS. LIST PRICE: 97.42% 98.03% - 0.6%

Rutland County by Town

All Properties | All Price Points

BENSON 2023 2022 +/- % TOTAL SALES IN UNITS: 1 0 N/A AVERAGE SALE PRICE: $55,000 0.0 N/A AVERAGE DAYS ON MARKET: 92.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 84.62% 0.00% N/A BRANDON 2023 2022 +/- % TOTAL SALES IN UNITS: 5 9 - 44.4% AVERAGE SALE PRICE: $527,300 $236,900 + 122.6% AVERAGE DAYS ON MARKET: 73.0 99.0 - 26.3% SOLD PRICE VS. LIST PRICE: 97.65% 90.59% + 7.8% CASTLETON 2023 2022 +/- % TOTAL SALES IN UNITS: 7 13 - 46.2% AVERAGE SALE PRICE: $214,600 $370,300 - 42.0% AVERAGE DAYS ON MARKET: 145.0 52.0 + 178.8% SOLD PRICE VS. LIST PRICE: 89.84% 93.82% - 4.2% CHITTENDEN 2023 2022 +/- % TOTAL SALES IN UNITS: 3 2 + 50.0% AVERAGE SALE PRICE: $284,700 $251,000 + 13.4% AVERAGE DAYS ON MARKET: 57.0 57.0 0.0% SOLD PRICE VS. LIST PRICE: 93.95% 109.37% - 14.1% CLARENDON 2023 2022 +/- % TOTAL SALES IN UNITS: 6 9 - 33.3% AVERAGE SALE PRICE: $304,900 $349,900 - 12.9% AVERAGE DAYS ON MARKET: 79.0 46.0 + 71.7% SOLD PRICE VS. LIST PRICE: 90.16% 98.45% - 8.4%

FAIR HAVEN 2023 2022 +/- % TOTAL SALES IN UNITS: 2 8 - 75.0% AVERAGE SALE PRICE: $157,500 $256,800 - 38.7% AVERAGE DAYS ON MARKET: 6.0 48.0 - 87.5% SOLD PRICE VS. LIST PRICE: 88.73% 98.23% - 9.7% DANBY 2023 2022 +/- % TOTAL SALES IN UNITS: 1 6 - 83.3% AVERAGE SALE PRICE: $160,000 $480,800 - 66.7% AVERAGE DAYS ON MARKET: 0.0 233.0 - 100.0% SOLD PRICE VS. LIST PRICE: 106.67% 98.75% + 8.0% HUBBARDTON 2023 2022 +/- % TOTAL SALES IN UNITS: 4 3 + 33.3% AVERAGE SALE PRICE: $325,800 $475,000 - 31.4% AVERAGE DAYS ON MARKET: 87.0 8.0 + 987.5% SOLD PRICE VS. LIST PRICE: 94.97% 98.96% - 4.0% IRA 2023 2022 +/- % TOTAL SALES IN UNITS: 2 0 N/A AVERAGE SALE PRICE: $282,000 0.0 N/A AVERAGE DAYS ON MARKET: 72.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 99.12% 0.00% N/A KILLINGTON 2023 2022 +/- % TOTAL SALES IN UNITS: 14 43 - 67.4% AVERAGE SALE PRICE: $485,000 $343,100 + 41.4% AVERAGE DAYS ON MARKET: 63.0 33.0 + 90.9% SOLD PRICE VS. LIST PRICE: 103.39% 98.32% + 5.2% MENDON 2023 2022 +/- % TOTAL SALES IN UNITS: 6 7 - 14.3% AVERAGE SALE PRICE: $218,900 $221,600 - 1.2% AVERAGE DAYS ON MARKET: 7.0 41.0 - 82.9% SOLD PRICE VS. LIST PRICE: 98.69% 105.73% - 6.7%

MOUNT HOLLY 2023 2022 +/- % TOTAL SALES IN UNITS: 2 5 - 60.0% AVERAGE SALE PRICE: $270,000 $431,500 - 37.4% AVERAGE DAYS ON MARKET: 245.0 40.0 + 512.5% SOLD PRICE VS. LIST PRICE: 92.31% 100.91% - 8.5% MIDDLETOWN SPRINGS 2023 2022 +/- % TOTAL SALES IN UNITS: 0 2 - 100.0% AVERAGE SALE PRICE: 0.0 $140,500 - 100.0% AVERAGE DAYS ON MARKET: 0.0 17.0 - 100.0% SOLD PRICE VS. LIST PRICE: 0.00% 100.36% - 100.0% MOUNT TABOR 2023 2022 +/- % TOTAL SALES IN UNITS: 0 1 - 100.0% AVERAGE SALE PRICE: 0.0 $450,000 - 100.0% AVERAGE DAYS ON MARKET: 0.0 165.0 - 100.0% SOLD PRICE VS. LIST PRICE: 0.00% 87.38% - 100.0% PAWLET 2023 2022 +/- % TOTAL SALES IN UNITS: 5 1 + 400.0% AVERAGE SALE PRICE: $235,000 $70,000 + 235.7% AVERAGE DAYS ON MARKET: 57.0 4.0 + 1325.0% SOLD PRICE VS. LIST PRICE: 101.56% 100.00% + 1.6% PITTSFIELD 2023 2022 +/- % TOTAL SALES IN UNITS: 2 3 - 33.3% AVERAGE SALE PRICE: $270,500 $311,700 - 13.2% AVERAGE DAYS ON MARKET: 132.0 9.0 + 1366.7% SOLD PRICE VS. LIST PRICE: 94.75% 107.59% - 11.9% PITTSFORD 2023 2022 +/- % TOTAL SALES IN UNITS: 8 6 + 33.3% AVERAGE SALE PRICE: $230,250 $225,000 + 2.3% AVERAGE DAYS ON MARKET: 24 299 - 92.0% SOLD PRICE VS. LIST PRICE: 100.23% 97.14% + 3.2%

RUTLAND CITY 2023 2022 +/- % TOTAL SALES IN UNITS: 46 56 - 17.9% AVERAGE SALE PRICE: 189.5 189.0 + 0.3% AVERAGE DAYS ON MARKET: 70.0 61.0 + 14.8% SOLD PRICE VS. LIST PRICE: 97.16% 98.42% - 1.3% PROCTOR 2023 2022 +/- % TOTAL SALES IN UNITS: 2 6 - 66.7% AVERAGE SALE PRICE: $241,800 $141,000 + 71.5% AVERAGE DAYS ON MARKET: 13.0 34.0 - 61.8% SOLD PRICE VS. LIST PRICE: 95.18% 96.87% - 1.7% RUTLAND TOWN 2023 2022 +/- % TOTAL SALES IN UNITS: 10 14 - 28.6% AVERAGE SALE PRICE: $401,600 $465,100 - 13.7% AVERAGE DAYS ON MARKET: 51.0 61.0 - 16.4% SOLD PRICE VS. LIST PRICE: 96.61% 99.45% - 2.9% SHREWSBURY 2023 2022 +/- % TOTAL SALES IN UNITS: 2 4 - 50.0% AVERAGE SALE PRICE: $440,000 $153,900 + 185.9% AVERAGE DAYS ON MARKET: 34.0 91.0 - 62.6% SOLD PRICE VS. LIST PRICE: 98.10% 92.98% + 5.5% SUDBURY 2023 2022 +/- % TOTAL SALES IN UNITS: 1 3 - 66.7% AVERAGE SALE PRICE: $201,000 $216,700 - 7.2% AVERAGE DAYS ON MARKET: 39.0 144.0 - 72.9% SOLD PRICE VS. LIST PRICE: 122.56% 105.01% + 16.7% POULTNEY 2023 2022 +/- % TOTAL SALES IN UNITS: 8 8 0.0% AVERAGE SALE PRICE: $273,800 $210,700 + 29.9% AVERAGE DAYS ON MARKET: 48.0 60.0 - 20.0% SOLD PRICE VS. LIST PRICE: 95.73% 103.27% - 7.3%

WELLS 2023 2022 +/- % TOTAL SALES IN UNITS: 4 3 + 33.3% AVERAGE SALE PRICE: $255,000 $367,300 - 30.6% AVERAGE DAYS ON MARKET: 35.0 58.0 - 39.7% SOLD PRICE VS. LIST PRICE: 94.53% 99.37% - 4.9% WALLINGFORD 2023 2022 +/- % TOTAL SALES IN UNITS: 3 6 - 50.0% AVERAGE SALE PRICE: $117,600 $599,300 - 80.4% AVERAGE DAYS ON MARKET: 206.0 88.0 + 134.1% SOLD PRICE VS. LIST PRICE: 86.50% 92.36% - 6.3% WEST HAVEN 2023 2022 +/- % TOTAL SALES IN UNITS: 0 0 N/A AVERAGE SALE PRICE: 0.0 0.0 N/A AVERAGE DAYS ON MARKET: 0.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 0.00% 0.00% N/A WEST RUTLAND 2023 2022 +/- % TOTAL SALES IN UNITS: 3 6 - 50.0% AVERAGE SALE PRICE: $181,800 $183,800 - 1.1% AVERAGE DAYS ON MARKET: 30.0 67.0 - 55.2% SOLD PRICE VS. LIST PRICE: 104.10% 96.88% + 7.5%

3/31/2023)

(1/1/2022 - 3/31/2022)All Property Types - All Price Points -Rutland County, VT TINMOUTH 2023 2022 +/- % TOTAL SALES IN UNITS: 1 0 N/A AVERAGE SALE PRICE: $750,000 0 N/A AVERAGE DAYS ON MARKET: 5.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 100.00% 0.00% N/A

Source: Trendgraphix Data - (1/1/2023 -

vs. Previous Year To Date

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