Historically low inventory was the name of the game in 2023, resulting in the lowest sales numbers for Killington since 2011. In 2024, with high interest rates and soaring property values, inventory improved somewhat and Killington experienced a rebound in sales to pre-COVID levels. While days on market remained historically low across all categories, prices softened modestly in 2024. List-to-sell ratios remained high, but below 100%, and multiple offers and above-asking-price sales were less prevalent. The following statistics and charts highlight the key market sectors and include statistics from 2006 to present.
Total Number of Sales in Killington - All Property Types: 148 (up 42% from 104 in 2023)
Single-Family Home Sales in Killington: 26 sales (up 73% from 15 sales in 2023) Median Price $649,500 (down 10.5% from $725,000 in 2023); avg days on market (DOM) 46 vs 13 DOM in 2023.
Total Multi-Family Homes: 1 (up from 0 in 2023) Original List Price $695,000, sold for $555,000
Full Ownership Condos: 88 (up 57% from 56 in 2023) Median Price $346,000 (down 1% from $348,000 in 2023) avg DOM 38 vs 48 in 2023, but only 30 DOM if Mountain Green condos are excluded (a substantial special assessment beginning in 2022 resulted in a large increase of inventory). Again, low inventory overall contributed to lower sales, higher prices and shorter time on market.
Interval Ownership Condos (Killington Grand Hotel): 16 sales (down 30% from 23 sales in 2023) Median Price $112,500 (up an astonishing 61% from $69,900 in 2023); avg DOM 45 vs 56 in 2023. During the summer of 2024, there was a record-breaking four month period with zero units for sale at the Grand Hotel. This pent-up demand, combined with considerable speculative investment buying resulted in several record-breaking sale prices including three units that sold for more than $200,000.
Total Land Sales: 13 (up from 9 in 2023) Median Price $199,000 (up from $149,000 2023); avg DOM 94 (down from 374 in 2023)
Total Commercial Sales: 4 (up from 1 in 2024) Median Price $1,146,500; avg DOM 275