Is South Burlington, 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, South Burlington was a Buyer's Market.
Housing Prices in South Burlington, VT
How much do homes in South Burlington, VT cost?
Median Sold Price
$442,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Burlington was $442,000 in March 2024, up 34.1% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $222.5K | $232K | +4.3% |
2 Bedrooms | $305K | $325K | +6.6% |
3 Bedrooms | $549K | $500K | -8.9% |
4 Bedrooms | $594K | $675K | +13.6% |
5+ Bedrooms | - | $680.6K | N/A |
Summary: South Burlington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.
Housing Supply in South Burlington, VT
How many homes are available in South Burlington, VT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 48 | -2.0% |
Summary: The South Burlington real estate market had 48 homes for sale in March 2024, a 2.0% decrease 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 | 22 | 23 | +4.5% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 7 | 3 | -57.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Burlington 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 4.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in South Burlington in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for South Burlington, VT
We’re sorry, we don't have information for this market at the moment