Is Essex Junction, VT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Essex Junction was a Buyer's Market.
Key Takeaway
Essex Junction is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Essex Junction, VT
How much do homes in Essex Junction, VT cost?
Median Sold Price
$450,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Essex Junction have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Essex Junction was $450,000 in March 2024, up 7.1% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170.8K | N/A |
| 2 Bedrooms | $375K | $341.5K | -8.9% |
| 3 Bedrooms | $420K | $500K | +19.0% |
| 4 Bedrooms | $670.9K | $626.5K | -6.6% |
| 5+ Bedrooms | $875K | $667K | -23.8% |
Summary: Essex Junction housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Cities
| South Burlington | $329.5K | $442K | +34.1% |
| Essex Junction | $420K | $450K | +7.1% |
| Essex | $465K | $457K | -1.7% |
Housing Supply in Essex Junction, VT
How many homes are available in Essex Junction, VT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The Essex Junction real estate market had 43 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Essex Junction housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Essex Junction, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Essex Junction in March 2024, up by 55.6% month-over-month. Of the 14 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for Essex Junction, 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.