Southern Vermont MARKET REPORT | Q1 - Q3 2023
Market Overview At A Glance SOUTHERN VERMONT The Southern Vermont region housing market, defined by Bennington and Windham counties, began to show signs of cooling off during the first three quarters of 2023 Limited inventory remained a major driving factor, and the total number of units sold was down by -33.1% across the Southern Vermont region. However, the average sales price increased by +10.5%, and the average days on market increased by +12.1%. The markets with the most activity in Southern Vermont continued to be in and around the major resort areas - Manchester, Winhall, Dover, Wilmington and Stratton. There is a full breakdown by county and town in this report for more details at a local market level. Moving into the remainder of 2023 and into the First Half of 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.
Southern VT Overview All Properties | All Price Points Southern VT
2023
2022
+/-- % +/
TOTAL SALES IN UNITS:
1,892
2,826
- 33.1%
TOTAL SALES DOLLARS:
$826,473,000
$1,117,183,000
- 26.0%
AVERAGE SALE PRICE:
$436,825
$395,323
+ 10.5%
AVERAGE DAYS ON MARKET:
65
58
+ 12.1%
SOLD PRICE VS. LIST PRICE:
98.04%
100.28%
- 2.2%
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 -Bennington & Windham Counties, VT
Key Market Highlights BENNINGTON COUNTY OVERVIEW BY TOWN
WINDHAM COUNTY OVERVIEW BY TOWN
Bennington County Overview All Properties | All Price Points Bennington County
2023
2022
+/-- % +/
TOTAL SALES IN UNITS:
556
646
- 13.9%
TOTAL SALES DOLLARS:
$247,544,000
$262,158,000
- 5.6%
AVERAGE SALE PRICE:
$445,223
$405,818
+ 9.7%
AVERAGE DAYS ON MARKET:
72
75
- 4.0%
SOLD PRICE VS. LIST PRICE:
98.11%
100.73%
- 2.6%
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 -Bennington County, VT
Bennington County by Town All Properties | All Price Points ARLINGTON
2023
2022
+/- %
TOTAL SALES IN UNITS:
27
29
- 6.9%
AVERAGE SALE PRICE:
$337,700
$401,600
- 15.9%
AVERAGE DAYS ON MARKET:
51.0
47.0
+ 8.5%
SOLD PRICE VS. LIST PRICE:
98.78%
100.93%
- 2.1%
BENNINGTON
2023
2022
+/- %
TOTAL SALES IN UNITS:
104
129
- 19.4%
AVERAGE SALE PRICE:
$231,800
$211,900
+ 9.4%
AVERAGE DAYS ON MARKET:
45.0
56.0
- 19.6%
SOLD PRICE VS. LIST PRICE:
100.01%
100.51%
- 0.5%
DORSET
2023
2022
+/- %
TOTAL SALES IN UNITS:
34
41
- 17.1%
AVERAGE SALE PRICE:
$878,100
$792,400
+ 10.8%
AVERAGE DAYS ON MARKET:
69.0
85.0
- 18.8%
SOLD PRICE VS. LIST PRICE:
95.19%
97.55%
- 2.4%
GLASTENBURY
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
8.0
- 100.0%
SOLD PRICE VS. LIST PRICE:
0.00%
104.90%
- 100.0%
LANDGROVE
2023
2022
+/- %
TOTAL SALES IN UNITS:
2
4
- 50.0%
AVERAGE SALE PRICE:
$849,500
$601,900
+ 41.1%
AVERAGE DAYS ON MARKET:
337.0
95.0
+ 254.7%
SOLD PRICE VS. LIST PRICE:
100.00%
95.05%
+ 5.2%
MANCHESTER
2023
2022
+/- %
TOTAL SALES IN UNITS:
56
87
- 35.6%
AVERAGE SALE PRICE:
$661,400
$518,900
+ 27.5%
AVERAGE DAYS ON MARKET:
64.0
75.0
- 14.7%
SOLD PRICE VS. LIST PRICE:
101.67%
100.58%
+ 1.1%
PERU
2023
2022
+/- %
TOTAL SALES IN UNITS:
17
18
- 5.6%
AVERAGE SALE PRICE:
$541,300
$450,200
+ 20.2%
AVERAGE DAYS ON MARKET:
61.0
72.0
- 15.3%
SOLD PRICE VS. LIST PRICE:
97.68%
104.66%
- 6.7%
POWNAL
2023
2022
+/- %
TOTAL SALES IN UNITS:
25
26
- 3.8%
AVERAGE SALE PRICE:
$328,900
$203,800
+ 61.4%
AVERAGE DAYS ON MARKET:
43.0
94.0
- 54.3%
SOLD PRICE VS. LIST PRICE:
99.92%
99.54%
+ 0.4%
READSBORO
2023
2022
+/- %
TOTAL SALES IN UNITS:
18
16
+ 12.5%
AVERAGE SALE PRICE:
$146,900
$158,600
- 7.4%
AVERAGE DAYS ON MARKET:
89.0
27.0
+ 229.6%
SOLD PRICE VS. LIST PRICE:
96.28%
97.32%
-1.1%
RUPERT
2023
2022
+/- %
TOTAL SALES IN UNITS:
8
11
- 27.3%
AVERAGE SALE PRICE:
$404,600
$323,700
+ 25.0%
AVERAGE DAYS ON MARKET:
69.0
73.0
- 5.5%
SOLD PRICE VS. LIST PRICE:
100.67%
101.58%
- 0.9%
SANDGATE
2023
2022
+/- %
TOTAL SALES IN UNITS:
5
5
0.0%
AVERAGE SALE PRICE:
$367,000
$160,700
+ 128.4%
AVERAGE DAYS ON MARKET:
25.0
56.0
- 55.4%
SOLD PRICE VS. LIST PRICE:
94.15%
86.97%
+ 8.3%
SEARSBURG
2023
2022
+/- %
TOTAL SALES IN UNITS:
4
4
0.0%
AVERAGE SALE PRICE:
$113,800
$205,300
- 44.6%
AVERAGE DAYS ON MARKET:
107.0
25.0
+ 328.0%
SOLD PRICE VS. LIST PRICE:
81.98%
99.03%
- 17.2%
SHAFTSBURY
2023
2022
+/- %
TOTAL SALES IN UNITS:
23
36
- 36.1%
AVERAGE SALE PRICE:
$331,400
$304,300
+ 8.9%
AVERAGE DAYS ON MARKET:
115.0
80.0
+ 43.8%
SOLD PRICE VS. LIST PRICE:
97.19%
99.09%
- 1.9%
STAMFORD
2023
2022
+/- %
TOTAL SALES IN UNITS:
15
17
- 11.8%
AVERAGE SALE PRICE:
$311,000
$318,200
- 2.3%
AVERAGE DAYS ON MARKET:
129.0
88.0
+ 46.6%
SOLD PRICE VS. LIST PRICE:
94.95%
97.76%
- 2.9%
SUNDERLAND
2023
2022
+/- %
TOTAL SALES IN UNITS:
10
22
- 54.5%
AVERAGE SALE PRICE:
$436,600
$330,800
+ 32.0%
AVERAGE DAYS ON MARKET:
117.0
51.0
+ 129.4%
SOLD PRICE VS. LIST PRICE:
91.87%
100.34%
- 8.4%
WINHALL
2023
2022
+/- %
TOTAL SALES IN UNITS:
65
87
- 25.3%
AVERAGE SALE PRICE:
$666,900
$633,800
+ 5.2%
AVERAGE DAYS ON MARKET:
65.0
56.0
+ 16.1%
SOLD PRICE VS. LIST PRICE:
98.51%
103.34%
- 4.7%
WOODFORD
2023
2022
+/- %
TOTAL SALES IN UNITS:
10
6
+ 66.7%
AVERAGE SALE PRICE:
$242,100
$156,400
+ 54.8%
AVERAGE DAYS ON MARKET:
54.0
73.0
- 26.0%
SOLD PRICE VS. LIST PRICE:
95.24%
100.70%
- 5.4%
Windham County Overview All Properties | All Price Points Windham County
2023
2022
+/-- % +/
TOTAL SALES IN UNITS:
1,046
1,748
- 40.2%
TOTAL SALES DOLLARS:
$446,813,000
$676,560,000
- 34.0%
AVERAGE SALE PRICE:
$427,163
$387,048
+ 10.4%
AVERAGE DAYS ON MARKET:
64
54
+ 18.5%
SOLD PRICE VS. LIST PRICE:
97.77%
100.06%
- 2.3%
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 -Windham County, VT
Windham County by Town All Properties | All Price Points ATHENS
2023
2022
+/- %
TOTAL SALES IN UNITS:
1
4
- 75.0%
AVERAGE SALE PRICE:
$255,000
$275,300
- 7.4%
AVERAGE DAYS ON MARKET:
49.0
157.0
- 68.8%
SOLD PRICE VS. LIST PRICE:
72.86%
95.92%
- 24.0%
BRATTLEBORO
2023
2022
+/- %
TOTAL SALES IN UNITS:
79
114
- 30.7%
AVERAGE SALE PRICE:
$283,400
$298,500
- 5.1%
AVERAGE DAYS ON MARKET:
56.0
34.0
+ 64.7%
SOLD PRICE VS. LIST PRICE:
101.47%
101.64%
- 0.2%
DOVER
2023
2022
+/- %
TOTAL SALES IN UNITS:
118
203
- 41.9%
AVERAGE SALE PRICE:
$513,200
$380,800
+ 34.8%
AVERAGE DAYS ON MARKET:
83.0
57.0
+ 45.6%
SOLD PRICE VS. LIST PRICE:
95.69%
98.50%
- 2.9%
DUMMERSTON
2023
2022
+/- %
TOTAL SALES IN UNITS:
8
15
- 46.7%
AVERAGE SALE PRICE:
$385,900
$456,500
- 15.5%
AVERAGE DAYS ON MARKET:
18.0
42.0
- 57.1%
SOLD PRICE VS. LIST PRICE:
102.91%
105.84%
- 2.8%
GRAFTON
2023
2022
+/- %
TOTAL SALES IN UNITS:
11
11
0.0%
AVERAGE SALE PRICE:
$497,600
$397,300
+ 25.2%
AVERAGE DAYS ON MARKET:
27.0
64.0
- 57.8%
SOLD PRICE VS. LIST PRICE:
95.95%
96.60%
- 0.7%
GUILFORD
2023
2022
+/- %
TOTAL SALES IN UNITS:
8
22
- 63.6%
AVERAGE SALE PRICE:
$280,000
$377,100
- 25.7%
AVERAGE DAYS ON MARKET:
84.0
76.0
+ 10.5%
SOLD PRICE VS. LIST PRICE:
99.87%
105.42%
- 5.3%
HALIFAX
2023
2022
+/- %
TOTAL SALES IN UNITS:
9
21
- 57.1%
AVERAGE SALE PRICE:
$313,100
$289,300
+ 8.2%
AVERAGE DAYS ON MARKET:
65.0
45.0
+ 44.4%
SOLD PRICE VS. LIST PRICE:
100.03%
102.58%
- 2.5%
JAMAICA
2023
2022
+/- %
TOTAL SALES IN UNITS:
15
26
- 42.3%
AVERAGE SALE PRICE:
$338,000
$431,200
- 21.6%
AVERAGE DAYS ON MARKET:
79.0
65.0
+ 21.5%
SOLD PRICE VS. LIST PRICE:
97.24%
97.85%
- 0.6%
LONDONDERRY
2023
2022
+/- %
TOTAL SALES IN UNITS:
28
33
- 15.2%
AVERAGE SALE PRICE:
$601,100
$444,200
+ 35.3%
AVERAGE DAYS ON MARKET:
52.0
62.0
- 16.1%
SOLD PRICE VS. LIST PRICE:
98.73%
103.99%
- 5.1%
MARLBORO
2023
2022
+/- %
TOTAL SALES IN UNITS:
4
3
+ 33.3%
AVERAGE SALE PRICE:
$463,500
$142,100
+ 226.2%
AVERAGE DAYS ON MARKET:
70.0
136.0
- 48.5%
SOLD PRICE VS. LIST PRICE:
94.88%
97.13%
- 2.3%
NEWFANE
2023
2022
+/- %
TOTAL SALES IN UNITS:
21
30
- 30.0%
AVERAGE SALE PRICE:
$311,900
$307,600
+ 1.4%
AVERAGE DAYS ON MARKET:
40.0
86.0
- 53.5%
SOLD PRICE VS. LIST PRICE:
105.34%
97.15%
+ 8.4%
PUTNEY
2023
2022
+/- %
TOTAL SALES IN UNITS:
13
24
- 45.8%
AVERAGE SALE PRICE:
$451,800
$355,500
+ 27.1%
AVERAGE DAYS ON MARKET:
61.0
38.0
+ 60.5%
SOLD PRICE VS. LIST PRICE:
95.84%
104.63%
- 8.4%
ROCKINGHAM
2023
2022
+/- %
TOTAL SALES IN UNITS:
29
56
- 48.2%
AVERAGE SALE PRICE:
$215,300
$231,400
- 7.0%
AVERAGE DAYS ON MARKET:
54.0
61.0
- 11.5%
SOLD PRICE VS. LIST PRICE:
103.12%
98.79%
+ 4.4%
STRATTON
2023
2022
+/- %
TOTAL SALES IN UNITS:
37
69
- 46.4%
AVERAGE SALE PRICE:
$807,000
$824,800
- 2.2%
AVERAGE DAYS ON MARKET:
62.0
31.0
+ 100.0%
SOLD PRICE VS. LIST PRICE:
97.07%
99.36%
- 2.3%
TOWNSEND
2023
2022
+/- %
TOTAL SALES IN UNITS:
0
1
- 100.0%
AVERAGE SALE PRICE:
0.0
$400,000
- 100.0%
AVERAGE DAYS ON MARKET:
0.0
0.0
N/A
SOLD PRICE VS. LIST PRICE:
0.00%
100.25%
- 100.0%
VERNON
2023
2022
+/- %
TOTAL SALES IN UNITS:
6
15
- 60.0%
AVERAGE SALE PRICE:
$298,200
$327,400
- 8.9%
AVERAGE DAYS ON MARKET:
57.0
38.0
+ 50.0%
SOLD PRICE VS. LIST PRICE:
97.97%
102.15%
- 4.1%
WARDSBORO
2023
2022
+/- %
TOTAL SALES IN UNITS:
16
31
- 48.4%
AVERAGE SALE PRICE:
$262,900
$252,500
+ 4.1%
AVERAGE DAYS ON MARKET:
47.0
52.0
- 9.6%
SOLD PRICE VS. LIST PRICE:
94.58%
94.35%
+ 0.2%
WESTMINISTER
2023
2022
+/- %
TOTAL SALES IN UNITS:
15
25
- 40.0%
AVERAGE SALE PRICE:
$237,400
$208,900
+ 13.6%
AVERAGE DAYS ON MARKET:
62.0
72.0
- 13.9%
SOLD PRICE VS. LIST PRICE:
98.04%
99.15%
- 1.1%
WHITINGHAM
2023
2022
+/- %
TOTAL SALES IN UNITS:
19
33
- 42.4%
AVERAGE SALE PRICE:
$311,900
$301,100
+ 3.6%
AVERAGE DAYS ON MARKET:
75.0
89.0
- 15.7%
SOLD PRICE VS. LIST PRICE:
98.36%
101.03%
- 2.6%
WILMINGTON
2023
2022
+/- %
TOTAL SALES IN UNITS:
67
106
- 36.8%
AVERAGE SALE PRICE:
$508,700
$465,300
+ 9.3%
AVERAGE DAYS ON MARKET:
66.0
44.0
+ 50.0%
SOLD PRICE VS. LIST PRICE:
97.65%
100.84%
- 3.2%
WINDHAM
2023
2022
+/- %
TOTAL SALES IN UNITS:
6
11
- 45.5%
AVERAGE SALE PRICE:
$280,100
$365,100
- 23.3%
AVERAGE DAYS ON MARKET:
82.0
11.0
+ 645.5%
SOLD PRICE VS. LIST PRICE:
96.47%
105.08%
- 8.2%
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 -Windham 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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