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Commonly Asked Questions about Vermont Real Estate

Average Cost of Living in Vermont: $50,761 per year Vermont has an above-average cost of living when compared to the rest of the United States, but this is normal when compared to its New England neighbors, as the region ranks above the rest of the nation in terms of expenses.
$402,217. The average Vermont home value is $402,217, up 3.4% over the past year and goes to pending in around 10 days.
We have really high costs of construction right now, like unprecedented increase is in the materials and labor that it costs to build homes in Vermont, said Leslie Black-Plumeau, research and community relations director for VHFA. But, Black-Plumeau said solutions are needed more than ever.
The Vermont housing market is somewhat competitive. The median home sales price in June 2024 has decreased in the past 3 months to $407,900. Thats up 4.7% and $18,300 higher than June 2023 of last year. That is higher than the national median home sales price of $442,525.
Median Home Price The median price of a home in Vermont as of April 2024 was $421,400, ing to Redfins monthly housing market data. This is an increase of 9% from April 2023, accurately reflecting predictions of continually increasing housing prices in the state.
Its no secret that were facing a massive affordable housing shortage in Vermont. Over the past few decades, we have not built enough new units to keep up with our growing demand.
Vermont real estate, especially residential, has been on a tear in recent years. The median single family home price rose nearly 20% from 2020 to 2022 statewide, with even faster growth logged in popular destination areas like Burlington and environs. Inventory has not kept pace with demand either.
The average Vermont home value is $402,217, up 3.4% over the past year and goes to pending in around 10 days.