Newly released data for November shows that potential buyers and sellers in Chittenden County saw houses sell for higher than the previous month's median sale price of $435,000.
The median home sold for $472,500, an analysis of data from Realtor.com shows. That means November, the most recent month for which figures are available, was up 8.6% from October.
Compared to November 2022, the median home sale price was up 12.5% at $472,500 compared to $420,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in up-to-date data. The statistics don't include homes currently listed for sale, and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.burlingtonfreepress.com.
Looking only at single-family homes, the $545,000 median selling price in Chittenden County was up 7.4% in November from $507,500 the month prior. Since November 2022, the sale price of single-family homes was up 11.3% from a median of $489,900.
Five single family homes sold for $1 million or more during the month, compared to two recorded transactions of at least $1 million in November 2022.
Condominiums and townhomes increased by 2.1% in sales price during November to a median of $339,000 from $332,000 in October. Compared to November 2022, the sales price of condominiums and townhomes was down 3% from $349,300. One condominium or townhouse sold for $1 million or more during the month, compared to one recorded transaction of at least $1 million in November 2022.
In November, the number of recorded sales in Chittenden County dropped by 15.8% since November 2022 from 133 to 112. All residential home sales totaled to $62.8 million.
In Vermont, homes sold at a median of $360,000 during November, down 2.3% from $368,500 in October. There were 402 recorded sales across the state during November, down 18.5% from 493 recorded sales in November 2022.
The total value of recorded residential home sales in Vermont decreased by 16.9% from $222.9 million in October to $185.1 million this November.
Out of all residential home sales in Vermont, 5.97% of homes sold for at least $1 million in November, up from 3.25% in November 2022.
Sales prices of single-family homes across Vermont decreased by 1.8% from a median of $385,000 in October to $378,000 in November. Since November 2022, the sale price of single-family homes across the state was up 3.6% from $365,000.
Across the state, the sale price of condominiums and townhomes rose 2.4% from a median of $317,500 in October to $325,250 during November. The median sale price of condominiums and townhomes is down 2.9% from the median of $335,000 in November 2022.
The median home sale price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sale price, which would mean taking the sum of all sale prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
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