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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burlington is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

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

-$106,000(-23.2%)

Key Takeaway

Homes in Burlington have sold for 23.2% less than they did a month ago.

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

# BEDSJan 2024Feb 2024CHANGE
1 -$290K
N/A
2 $393K$318.4K
-19.0%
3 $438.5K$350K
-20.2%
4 $815K$700K
-14.1%
5+ $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
+6.3%
Winooski
-4.1%
Colchester
-22.8%
Burlington
-23.2%

Housing Supply in Burlington, VT

How many homes are available in Burlington, VT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5545-18.2%

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

# BEDSJan 2024Feb 2024CHANGE
1 35
+66.7%
2 1917
-10.5%
3 2014
-30.0%
4 107
-30.0%
5+ 32
-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 2024Feb 2024CHANGE
249-62.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burlington, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

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

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

Report Updated 28 Days Ago

Newest Listings in Burlington, VT

Nearby Markets to Burlington, VT

What housing markets are near Burlington, VT?