Is Burlington, VT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Burlington has remained a Seller's Market.
Housing Prices in Burlington, VT
How much do homes in Burlington, VT cost?
Median Sold Price
$350,000
$335/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Burlington was $350,000 in February 2024, down 23.2% from last month, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $290K | N/A |
2 Bedrooms | $393K | $318.4K | -19.0% |
3 Bedrooms | $438.5K | $350K | -20.2% |
4 Bedrooms | $815K | $700K | -14.1% |
5+ Bedrooms | $536.5K | $725K | +35.1% |
Summary: Burlington 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 19%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Cities
South Burlington | $404.4K | $430K | +6.3% |
Winooski | $370K | $355K | -4.1% |
Colchester | $435K | $336K | -22.8% |
Burlington | $456K | $350K | -23.2% |
Housing Supply in Burlington, VT
How many homes are available in Burlington, VT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 45 | -18.2% |
Summary: The Burlington real estate market had 45 homes for sale in February 2024, a 18.2% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 19 | 17 | -10.5% |
3 Bedrooms | 20 | 14 | -30.0% |
4 Bedrooms | 10 | 7 | -30.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Burlington housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 9 | -62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Burlington in February 2024, down by 62.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for Burlington, VT
We’re sorry, we don't have information for this market at the moment