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
$338,750
$306/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Burlington was $338,750 in March 2024, down 3.2% from last month, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | - | N/A |
2 Bedrooms | $318.4K | $320K | 0.5% |
3 Bedrooms | $350K | $495K | +41.4% |
4 Bedrooms | $700K | $550K | -21.4% |
5+ Bedrooms | $725K | - | N/A |
Summary: Burlington housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 41.4%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Colchester | $336K | $503K | +49.7% |
Winooski | $355K | $350K | -1.4% |
Burlington | $350K | $338.7K | -3.2% |
Housing Supply in Burlington, VT
How many homes are available in Burlington, VT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 53 | +6.0% |
Summary: The Burlington real estate market had 53 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 21 | 24 | +14.3% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Burlington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Burlington in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Burlington, VT
We’re sorry, we don't have information for this market at the moment