$4,744 Closing Credit*
$399,500
1,920 SqFt
2 Beds
•1 Full Bath, 1 Partial
Edie Brodsky, Listing Office: Coldwell Banker Hickok and Boardman
Is South 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, South Burlington has remained a Seller'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
$430,000
$277/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$223,526(-34.2%)
Key Takeaway
Homes in South Burlington have sold for 34.2% less than they did a month ago.
Summary: The median home sold price in South Burlington was $430,000 in November 2024, down 34.2% from last month, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $371K | $292.5K | -21.2% |
| 3 Bedrooms | $654.7K | $695K | +6.1% |
| 4 Bedrooms | $782.4K | $718K | -8.2% |
| 5+ Bedrooms | $762.6K | $605K | -20.7% |
Summary: South 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 21.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Cities
| Williston | $377.5K | $572.5K | +51.7% |
| Shelburne | $749K | $800K | +6.8% |
| Burlington | $492.5K | $515K | +4.6% |
| Winooski | $439.9K | $380K | -13.6% |
| South Burlington | $653.5K | $430K | -34.2% |
Housing Supply in South Burlington, VT
How many homes are available in South Burlington, VT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 64 | -14.7% |
Summary: The South Burlington real estate market had 64 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The South Burlington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 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. 40% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in South Burlington in November 2024, up by 47.1% month-over-month. Of the 25 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% 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
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