Is Colchester, 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, Colchester has remained a Seller's Market.
Key Takeaway
Colchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colchester, VT
How much do homes in Colchester, VT cost?
Median Sold Price
$503,000
$243/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Colchester have sold for 49.7% more than they did a month ago.
Summary: The median home sold price in Colchester was $503,000 in March 2024, up 49.7% from last month, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $371K | +32.5% |
| 3 Bedrooms | $564.5K | $514.8K | -8.8% |
| 4 Bedrooms | $500K | $565K | +13.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Colchester 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 32.5%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 13%, 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 Colchester, VT
How many homes are available in Colchester, VT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The Colchester real estate market had 29 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Colchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colchester, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Colchester in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Colchester, VT
We’re sorry, we don't have information for this market at the moment
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.