Comparing First Quarter of 2025 to 2024

The median sales price of both single family homes and condos continues to increase. I looked at the first quarter of 2025 and compared statistics to the same time period in 2024. 

The median Q1 sales price in 2024 in Chittenden County was $450,000 compared to $499,999 in 2025 for an increase of 11% year-over-year. I think this is an astounding increase. There is still low inventory which continues to drive up prices. In addition, 6.2% more homes sold this year, 271 in 2025 compared to 255 in 2024. The median days on market were nearly identical – 10 days in 2024 and 11 in 2025. 

In Franklin County, the median sales price in 2024 was $329,450 compared to $395,000 in 2025 for an increase of 20%. This is another astounding statistic! The number of homes sold went down significantly from 94 to 73 for a 29% decrease. We saw fewer homes sold and a higher median sales price due to a continued seller’s market. Median days on market before a seller accepted an offer were up, from 19 days in 2024 to 27 days in 2025. While it took longer to accept a contract, sellers received a significant price increase in 2025. 

I sound like a broken record, but my report is still that we have a seller’s market due to low inventory that has resulted in a continued increase in median sales price. 

We have found buyers who say they want to wait until interest rates decrease. But even if the rates go down, their monthly payment will increase because of the increase in median sales price. Many feel it would make sense to buy now and refinance later. One caveat here – as I write this, the stock market has recently taken a series of dives. While I am no economist (!) talk to your financial advisor to get advice about the best timing for you to buy or sell.

Here’s a great analysis to check out: Wait or Buy Now?