Is 05602, VT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 05602 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 05602 has remained a Seller's Market.

Key Takeaway

05602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 05602, VT

How much do homes in 05602, VT cost?

Median Sold Price

$342,500

$289/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$234,000(-40.6%)

Key Takeaway

Homes in 05602 have sold for 40.6% less than they did a month ago.

Summary: The median home sold price in 05602 was $342,500 in February 2024, down 40.6% from last month, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $900K$262.5K
-70.8%
3 $575K$429.5K
-25.3%
4 $463.3K-
N/A
5+ --
N/A

Summary: 05602 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 70.8%, 3 bedroom homes decreased by 25.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 05602, VT

How many homes are available in 05602, VT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2118-14.3%

Summary: The 05602 real estate market had 18 homes for sale in February 2024, a 14.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 64
-33.3%
3 810
+25.0%
4 52
-60.0%
5+ 11
0.0%

Summary: The 05602 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 05602, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 05602 in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 05602, VT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 05602, VT

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