Vermont
Housing Market
The landscape of the housing market in Vermont constantly evolves with shifting home prices and demand. Houzeo's housing market report tracks these changes in supply and demand across the state of Vermont. Our data offers real-time insights to help you make informed decisions.
Overview
Supply
Demand
Buy or Sell
Market Insights
MigrationVermont Housing Market Overview
Home prices in Vermont show a 6.6% YoY growth as of January 2025. This growth in home prices indicates the strength of the housing market. Right now, the median home price in Vermont is $412,400. Additionally, the number of homes sold is up by 9.2% YoY.
The median days on the market are also an indicator of the market's competitiveness. Houses in Vermont now spend as long as 84 days on the market before going under contract. This number is up by 20 days YoY, which is higher than expectations. It indicates lower demand and less competition for homes in the current housing market in Vermont.
What Does It Mean for Home Buyers and Sellers?
The median days on the market are also an indicator of the market's competitiveness. Houses in Vermont now spend as long as 84 days on the market before going under contract. This number is up by 20 days YoY, which is higher than expectations. It indicates lower demand and less competition for homes in the current housing market in Vermont.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: You get more negotiation power due to the low demand and increased median days on the market. Whether you're looking for a cozy cabin in Stowe or a family home in Burlington, your dream Vermont home is well within reach. However, with mortgage rates nearing 7%, affordability may be a challenge, so it's key to budget wisely.
- If You're a Seller: You can still profit from the rising home prices. But with homes sitting on the market for longer periods, you should consider pricing competitively and offering concessions to attract buyers. As more Vermont houses become available, standing out with strategic pricing and incentives will be essential to securing a sale.
Vermont Housing Supply
The number of Vermont homes for sale is growing, providing more options for buyers. Vermont's appeal, with its scenic landscapes and quality of life, continues to attract homebuyers. The housing inventory has increased by 23.8% YoY in January 2025, helping to meet this demand. On the other hand, Vermont's real estate market currently has 4 months of supply, which leans slightly towards sellers.
What Does It Mean for Home Buyers and Sellers?
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: You are at an advantage with the increased number of homes for sale. The rise in inventory could also help eventually stabilize home prices in Vermont. However, with 4 months of supply, the market still favors sellers. You may have to face some competition for desirable homes.
- If You're a Seller: You may want to act quickly before even more supply hits the Vermont real estate market. Rising inventory could reduce demand and lead to fewer offers for you. To attract buyers, focus on competitive pricing, staging, and marketing your home effectively.
Vermont Housing Demand
The percentage of homes selling above the list price is a key indicator of housing demand. When more homes sell for more than the list price, it shows strong buyer competition and high demand. A decline suggests more supply.
20% of homes in Vermont sold above the list price in January 2025. However, the percentage of homes selling above the list price has dropped by 6.1 points YoY. Meanwhile, 16% of listings saw a price drop, an increase of 2.8 points YoY. Besides this, the 97% sale-to-list price ratio suggests fewer bidding wars and more price flexibility for buyers.
What Does It Mean for Home Buyers and Sellers?
20% of homes in Vermont sold above the list price in January 2025. However, the percentage of homes selling above the list price has dropped by 6.1 points YoY. Meanwhile, 16% of listings saw a price drop, an increase of 2.8 points YoY. Besides this, the 97% sale-to-list price ratio suggests fewer bidding wars and more price flexibility for buyers.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: You have a lot of factors in your favor, from the increasing number of price drops to the lack of bidding wars. The 97% sale-to-list price ratio suggests that you have more time to negotiate better deals for houses in Vermont.
- If You're a Seller: The Vermont housing market is still stable, but patience is key, as only 20% of homes are currently selling above list price. You should price your home competitively and offer concessions to appeal to buyers. Wait, and you may see a busier market in spring and summer, when demand picks up.
Is It a Buyer's or Seller's Market in Vermont?
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Buyer
Buyer
Balanced
Seller
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Buyer’s Market
Seller’s Market
Buyer: Supply exceeds demand, and homes stay listed on the market for longer, pushing sellers to offer concessions.
Is It a Buyer's or Seller's Market in Vermont?
As of January 2025, the Vermont housing market is tilted in favor of buyers due to increased inventory and extended days on the market. Buyers have more leverage in the Vermont real estate market, with housing supply up 23.8% YoY and homes taking an average of 84 days to go under contract. The sale-to-list price ratio of 97% indicates more price flexibility for buyers.
However, higher mortgage rates may reduce buying power. Market trends in Vermont vary by region and should be assessed locally.
Vermont Housing Market Insights
The Vermont housing market favors buyers as inventory rises and competition slows. Home prices rose 6.6% year over year, but the median price ($412,400) remains slightly below the national median of $418,284. Homes for sale increased 23.8% YoY, while new listings grew 6%, giving buyers more choices and better negotiating power.
The market has more or less cooled due to lower competition. Vermont homes now sit on the market for 84 days, allowing buyers more time to find the perfect deal. Fewer homes sell above list price, and price drops have become more common, pushing sellers to adjust expectations.
However, sellers can still benefit from rising home values and steady buyer interest, especially with competitive pricing. Experts predict that 2025 will create more opportunities for buyers while rewarding sellers who act strategically. Buyers should watch price trends, and factor in property taxes and closing costs to make informed decisions.
The market has more or less cooled due to lower competition. Vermont homes now sit on the market for 84 days, allowing buyers more time to find the perfect deal. Fewer homes sell above list price, and price drops have become more common, pushing sellers to adjust expectations.
However, sellers can still benefit from rising home values and steady buyer interest, especially with competitive pricing. Experts predict that 2025 will create more opportunities for buyers while rewarding sellers who act strategically. Buyers should watch price trends, and factor in property taxes and closing costs to make informed decisions.
Nationwide Migration Trends
Cost of living, climate, and job markets drive migration patterns across the US. Vermont has seen steady migration growth in recent years. Burlington and rural areas in the state rank among the most popular destinations. Home shoppers from relatively expensive states like Massachusetts and New York typically seek out Vermont homes.
This migration pattern reflects the broader cost of living index trends. Vermont's index is almost 15% higher than the national average.
This migration pattern reflects the broader cost of living index trends. Vermont's index is almost 15% higher than the national average.
Frequently Asked Questions
How is the housing market in Vermont?
The state's housing market remains active despite rising mortgage rates. Homes for sale in Vermont continue to attract buyers. Statewide prices rose 6.6% YoY in January 2025. Markets like Burlington, which had the fastest growing sales price in Vermont, saw increased interest from out-of-state home shoppers.
How expensive is it to live in Vermont?
Vermont's cost-of-living index is 14.9% above the national average. Housing, utilities, and property taxes are high, with a median home price of $412,400. Despite the costs, many choose Vermont for its quality of life and scenic beauty.
Should I wait for some time before buying a house in Vermont?
As a buyer, you can get a fair deal with stable prices and a growing inventory of Vermont homes. The average cost of a house in Vermont is currently $412,400. If you're buying a house in Vermont, you should first get a mortgage pre-approval. You will also need to budget for a down payment of up to 10%.
How can I list my home for sale in Vermont?
You can list your home for sale with a Flat Fee MLS Vermont listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Vermont?
The average mortgage rate for buyers in the Vermont real estate market fluctuates between 6% and 7.5%. When you apply for a mortgage, make sure to check your credit score and the current mortgage rates with lenders.
Is Vermont expensive to live in?
The cost of living in Vermont is 14.9% above the national average, which impacts affordability. However, the state continues to attract buyers seeking quality of life and natural beauty.
Is now a good time to buy or sell a home in Vermont?
It depends on the current trends in housing prices and inventory in your city. Sellers can benefit from high demand and rising prices. However, if mortgage rates are stable with more than 6 months of supply, it's the best time to buy a house in Vermont.
When will Vermont housing prices drop?
Home prices in Vermont have steadily increased, driven by strong demand and limited supply. Prices have risen 6.6% year over year, with some areas seeing even higher growth. This trend is likely to continue in the near future. You can check your home's fair market value using a home value estimator to see where you stand.
When will the Vermont housing market crash?
As per Vermont housing market forecasts, it's implausible that the market will crash. In fact, prices are projected to experience sustained growth to match housing demand in 2025.
What is the Vermont housing market forecast for 2025?
The Vermont housing market is expected to stabilize in 2025, with moderate price growth and steady mortgage rates. Housing inventory will continue to rise, helping to balance supply and demand while keeping prices in check.
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