$9,797 Closing Credit*
$825,000
3,458 SqFt
4 Beds
•3 Full Baths, 1 Partial
Amanda Kennedy, Listing Office: RE/MAX North Professionals
Is Essex, VT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Essex was a Buyer's Market.
Key Takeaway
Essex is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Essex, VT
How much do homes in Essex, VT cost?
Median Sold Price
$444,000
$263/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$9,000(+2.1%)
Key Takeaway
Homes in Essex have sold for 2.1% more than they did a month ago.
Summary: The median home sold price in Essex was $444,000 in November 2024, up 2.1% from last month, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $344.4K | -20.8% |
| 3 Bedrooms | $435K | $532.5K | +22.4% |
| 4 Bedrooms | - | $637.9K | N/A |
| 5+ Bedrooms | $610K | - | N/A |
Summary: Essex 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 20.8%, 3 bedroom homes increased by 22.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jericho | $399K | $702K | +75.9% |
| Williston | $377.5K | $572.5K | +51.7% |
| Essex | $435K | $444K | +2.1% |
| Essex Junction | $435K | $433K | -0.5% |
| South Burlington | $653.5K | $430K | -34.2% |
Housing Supply in Essex, VT
How many homes are available in Essex, VT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 53 | +3.9% |
Summary: The Essex real estate market had 53 homes for sale in November 2024, a 3.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Essex housing inventory by bedroom type for November 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 17.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 23 | +228.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Essex, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Essex in November 2024, up by 228.6% month-over-month. Of the 23 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% were sold over asking.
Days on Market for Essex, 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 site 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.