March 2025 Vermont Real Estate Market Update

The Vermont real estate market picked up momentum in March, with inventory climbing, buyer activity holding strong, and the luxury market making a bold showing. As we enter the heart of the spring season, more homes are hitting the market and buyers are responding. With current tariff negotiations and the stock market plunge, there is a bit more uncertainty around how aggressive the real estate market will be this summer—but we continue to have limited inventory, which helps drive the housing market.

Here’s a look at how the numbers stacked up last month and what it means for those thinking about buying or selling:

Inventory Grows as Buyers Stay Engaged

Active listings climbed to 296 properties, up 14.29% from March 2024 and a notable 42.31% increase from February—a welcome change for buyers who’ve been waiting for more options.

Pending sales dipped slightly year-over-year (-5.81%), but total properties under contract were up 6.25% from last March, and jumped 26.24% month-over-month, showing strong buyer engagement as new listings came on.

Closed sales were down slightly from last year (-4.35%), but increased 6.02% from February, continuing a seasonal upward trend.

Prices Continue to Rise Across the Board

• Average sale price: $558,790 (+22.11% YoY, +1.95% MoM)

• Median sale price: $464,500 (+23.06% YoY, +12.61% MoM)

• Days on Market (DOM): 37 days (+15.63% YoY), Median DOM: 13 days (+30.00% YoY)

Pricing continues its upward trajectory, with both average and median sale prices seeing double-digit growth compared to last year. While homes are taking slightly longer to sell than last March, DOM is still relatively low for this time of year, particularly for well-positioned listings.

Luxury Market Heats Up

The luxury segment made a strong showing in March with 13 homes selling over $1M, up from 11 in February and more than double the 5 sold in March 2024. The highest-priced sale came in at $2.9M, marking a notable jump from last year’s high of $2.405M.

This surge shows continued demand for premium properties, particularly as the spring market gains traction.

What This Means for Buyers & Sellers

 Sellers: Inventory is rising, but so is demand. With prices climbing, it’s a great time to list—especially before the peak competition hits. Thoughtful pricing and presentation remain key.

 Buyers: More homes are becoming available, but prices are continuing to rise. Acting sooner rather than later can help you take advantage of the current momentum and avoid more competition down the road.

Have a question about what these trends mean for your plans? We’re always happy to talk through the market with you—no pressure, just perspective. Reach out anytime!

 Curious about what your home could sell for this spring? Use our free home value tool to find out!

**The market data used in this update is from single family homes and condos in Chittenden, Franklin, Lamoille and Washington counties.