$749,900
0.69 Acres
Land
Jason Lefebvre, Listing Office: RE/MAX North Professionals
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.
Key Takeaway
Burlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burlington, VT
How much do homes in Burlington, VT cost?
Median Sold Price
$515,000
$345/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$22,500(+4.6%)
Key Takeaway
Homes in Burlington have sold for 4.6% more than they did a month ago.
Summary: The median home sold price in Burlington was $515,000 in November 2024, up 4.6% from last month, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $273.5K | - | N/A |
| 2 Bedrooms | $525K | $470K | -10.5% |
| 3 Bedrooms | $460K | $500K | +8.7% |
| 4 Bedrooms | $535K | $780K | +45.8% |
| 5+ Bedrooms | - | $814.2K | N/A |
Summary: Burlington housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Colchester | $443.5K | $525K | +18.4% |
| Burlington | $492.5K | $515K | +4.6% |
| Winooski | $439.9K | $380K | -13.6% |
| South Burlington | $653.5K | $430K | -34.2% |
Housing Supply in Burlington, VT
How many homes are available in Burlington, VT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 70 | -5.4% |
Summary: The Burlington real estate market had 70 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 32 | 26 | -18.8% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Burlington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burlington, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Burlington in November 2024, up by 28.6% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.
Days on Market for Burlington, VT
We’re sorry, we don't have information for this market at the moment
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