Real estate trends in Vermont | Sellers | Buyers | Investors | The best and worst of Vermont | Vermont resources
Vermont real estate trends (May 2022)
How is the real estate market in Vermont? | |
|---|---|
🏠 Average home value: $345,045 | 📈 1.18% home value increase month over month |
💰 Median sale price: $340,800 | ⏳ 69 days on the market |
🔑 Homes on the market: 769 | 📆 1.3 months of housing inventory |
🏦 30-year mortgage rate: 3.03% | 💵 Average income: $71,621 |
State of the market: B- | |
Vermont listing prices are rising at a very healthy pace, but homes are sitting on the market. This suggests sellers might be too ambitious with their listing prices, and that those listing prices might see a dip or stall in the near future— especially in light of the state’s moderate inventory. | |
*Data last updated May 2022 | |
From fresh maple syrup to sharp cheddar — not to mention Ben and Jerry's ice cream — Vermont is known for its artisanal foods. A quintessential New England state with an independent spirit, Vermont has stunning foliage in autumn and dozens of snowy ski slopes all winter long.
Notable areas in Vermont include Burlington and Montpelier, but even the state's largest cities are relatively small. Quaint towns such as Norwich, Charlotte, and Shelburne are popular destinations for families due to their small town feel and outstanding public schools.
If you're thinking of buying or selling in Vermont, these Vermont housing predictions and stats can help you make an informed decision.
Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!
Selling a home in Vermont
Vermont real estate market forecast for sellers | |
|---|---|
⏰ Homes are selling 17 days faster than the annual average | 💰 Homes are selling for $27,200 more than the annual average |
💸 Average listing commission: 3.00% | 💸 Average buyer's commission: 3.00% |
How to sell a home in Vermont
- The Best Low Commission Real Estate Brokers
- 8 Steps to Selling a House in Vermont
- How to Sell a House By Owner in Vermont (2021 Update)
- 2 Best Vermont Flat-Fee MLS Companies in 2021
- 5 Vermont We Buy Houses for Cash Companies & Alternatives (2021 Rankings)
- What's The Average Vermont Real Estate Commission In 2021?
Cost to sell a home in Vermont
Buying a home in Vermont
How much home you can buy with $300,000 in... | |
|---|---|
🏠 Burlington: 1,288 sq ft | 🏡 Barre: 1,478 sq ft |
🏡 Rutland: 1,304 sq ft | 🏠 Bennington: 1,579 sq ft |
- How to Save with a Home Buyer Rebate
- 8 Definitive Steps to Buying a House in Vermont
- The Best Time to Buy a House in Vermont
- Everything You Need to Know About Moving to Vermont
Investing in Vermont real estate
- Top 5 Best Real Estate Investment Markets in Vermont
- A Beginner's Guide to Buying an Apartment Building
Best of Vermont
Each month, we compare cities in Vermont based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.
Most Affordable Cities in Vermont |
|---|
1. Rutland City |
2. Essex |
3. Bennington |
Ready to buy a home in Vermont? Eligible buyers get cash back with Clever!
Worst of Vermont
Each month, we compare cities in Vermont based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.
Least Affordable Cities in Vermont |
|---|
1. Brattleboro |
2. Burlington-South Burlington |
3. Colchester |
Vermont resources
- Office of Professional Regulation
- Vermont's real estate license verification
- Vermont's real estate agent code of conduct
- Vermont's disclosure forms
- Transfer taxes in Vermont
- Home buying assistance programs in Vermont
Frequently asked questions about Vermont real estate
It is currently a seller’s market in Vermont, but things are cooling off quickly. Ambitious sellers have been listing their properties for too high a price, causing homes to sit on the market for longer periods. However, each city and town has its own trends, so it’s best to consult a real estate agent to figure out the state of your local market.
Investing in Vermont real estate is a good idea, especially in a city like Burlington, where there's consistent demand for housing. To maximize your investment, take the time to prepare a financial plan and research up-and-coming neighborhoods. Find out more in our guide to real estate investing.
Although listing prices are a bit higher than normal, it might be a good time to buy a house in Vermont right now. The slow market and high inventory can help you negotiate a better price. Plus, low mortgage rates will help you save thousands over the years. To find out all your options, work with one of the top real estate agents in Vermont.
Methodology
Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.