Is Colchester, 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, Colchester was a Buyer's Market.
Housing Prices in Colchester, VT
How much do homes in Colchester, VT cost?
Median Sold Price
$415,000
$257/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Colchester was $415,000 in May 2024, down 25.3% from last month, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | - | N/A |
2 Bedrooms | $699K | $384.5K | -45.0% |
3 Bedrooms | $555.9K | $430K | -22.6% |
4 Bedrooms | - | $982K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Colchester housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Essex | $417.8K | $512K | +22.5% |
Winooski | $370K | $410K | +10.8% |
South Burlington | $422.5K | $450K | +6.5% |
Burlington | $483.5K | $506.5K | +4.8% |
Colchester | $555.9K | $415K | -25.3% |
Housing Supply in Colchester, VT
How many homes are available in Colchester, VT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 44 | +37.5% |
Summary: The Colchester real estate market had 44 homes for sale in May 2024, a 37.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 11 | 16 | +45.5% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Colchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 13 | +333.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Colchester in May 2024, up by 333.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Colchester, VT
We’re sorry, we don't have information for this market at the moment