LAMOILLE Q2 2022 Market Report

In Lamoille County, an area comprising 9 towns, in addition to Stowe, there was a decrease in overall sales by 15%, which was reflective of the market as a whole. The average and median price increases were also more moderate compared to Q2 2021, they increased by 6.44% and 7.14%, respectively. The most impactful data from Q2 2022 is that the average and median days on market went down significantly, 50% and 61%, respectively. This shows the attractiveness of Lamoille County, offering Vermonters access to high-quality jobs, healthcare services, and lifestyle activities. With an overall increase in new listings for Q2 2022 of 16.5% this area remains a great option for buyers.

Land sales saw a more than 50% reduction in overall sales, but as with all other segments of the market, the average and median prices saw significant gains. The average price increased to $160K from $112K a year before. The median price increased to $101K from $75K in 2021. As with home sales, there was a shift downwards in terms of average and median days on the market. The average number of days on the market was 122 and the median was 54, compared to 230 and 158 in 2021. As land becomes harder to find in Stowe and for those who want more space and privacy, land north of Stowe remains an attractive option.