Burlington, VT Foreclosures
How much do homes sell for in Burlington, VT?
The average home price is currently $657,765.
In Burlington, VT, how many homes are available?
There are currently 1 active home listings available in Burlington.
What’s the average rental cost in Burlington, VT?
The average rental price in Burlington is $1,700.
What is the most expensive home in Burlington?
The most expensive home sold in Burlington had a price of $115,412,404.
What is currently the cheapest priced home in Burlington, VT?
The cheapest home for sale in Burlington is priced at $10,136.
Living in Burlington, VT
Burlington is a picturesque city that blends vibrant urban life with easy access to nature. Home to the University of Vermont, it boasts a lively art scene, numerous parks, and a friendly community atmosphere. Residents enjoy an array of outdoor activities year-round, as well as a rich cultural experience.
Current Market Conditions in Burlington, VT
Burlington's real estate market has remained strong over the past year, characterized by a competitive atmosphere with steadily rising home prices. The demand for housing has been fueled by the attractive lifestyle that the city offers, which has drawn many new residents looking for an urban feel combined with outdoor access. The trend of remote work has also contributed, as individuals seek homes in places with a higher quality of life, leading to increased transactions in the housing market.
In recent months, there has been a noticeable increase in interest in multi-family homes and condos, as investors look to capitalize on the demand for rental properties in the area. Although inventory has been limited, new developments are emerging, indicating continued growth and opportunity within the Burlington real estate market.
Home Value Estimator For Burlington, VT
There are currently 11,676 real estate properties
in Burlington, VT,
with a median automated valuation model (AVM) price
of $516,645.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Burlington, VT, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Burlington, VT,
is $657,765.00, with the most expensive house
in Burlington, VT, topping out
at $115,412,404.00 and the cheapest home
in Burlington, VT,
clocking in at $10,136.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Burlington, VT!
Rent Prices
In Burlington, VT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Burlington, VT, is on
a rollercoaster ride. The
average rent price in Burlington, VT,
is $1,700.00. Indeed, when looking to rent in
Burlington, VT, you can expect to pay as little
as $900.00 or as much
as $3,880.00,
with the average rent median estimated to
be $1,680.00. The good news is that finding
an affordable and desirable property to rent in Burlington, VT
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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