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.
Key Takeaway
South Burlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in South Burlington have sold for 34.1% more than they did a year ago.
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
Key Takeaway
If you're buying a home in South Burlington, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
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
© 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.