Fall 2024

There are few industries that experience the shifts we have seen in the residential real estate market, so the following is just a peek at a moment in time at what you might find in Woodstock. We have included some of our resources so you can quickly get an up to date take on whats happening real time.

When you arrive in downtown Woodstock, it truly is like opening a picture book. It is no wonder living in the town is a dream and destination for so many! However, you better come with a pretty generous bank account to live near the heart of the village - but if you do, this town is a perfect jewel.

The housing market in Woodstock is characterized by its picturesque settings and a variety of home styles, from classic New England farmhouses to modern builds. As of mid-2024, the median sale price for homes in Woodstock is approximately $945,000, reflecting a significant increase of 140.5% from the previous year according to Redfin. Currently, home prices is Woodstock range from $9 million to $675,000. At these price points, the market is not highly competitive, with homes typically selling in about 69 days and often for slightly below the list price, with multiple-offers being uncommon.

For those interested in renting, the median rent for all property types is around $4,000 per month. Rental prices range from $2,625 to $6,500, depending on the size and location of the property. We saw a darling apartment, set right on mainstreet above the shops for around $3,500 per month and assume that this will be snapped up. This makes Woodstock's rental market considerably higher than the national average, which is something potential renters should keep in mind. It is also a small market, so there are limited rental options in the village. Consider the outlying and neighboring communities for possible rental options.

Other Considerations

When planning a move to Woodstock, it's important to consider the local property taxes, which can impact your overall cost of living. The 2023-2024 tax rates for Woodstock include a village residential real estate tax rate of $2.8414, a town rate of $0.6022, and a state education rate of $2.0198. These taxes are payable in two installments, due in November and May, with penalties for late payments. Read more about the taxes in Woodstock in our post here.

Another factor to consider is the regulatory environment for short-term rentals, which may affect those looking to invest in rental properties. Woodstock has implemented a cap on the number of short-term rentals allowed, with specific fees and permit requirements for owners. This is part of the town's effort to balance tourism with the need for long-term housing options and is quite common in such popular second home and vacation markets.

Community and Lifestyle

Woodstock is renowned for its vibrant community, scenic beauty, and rich cultural heritage. The town offers a variety of recreational activities, from hiking and skiing to exploring local art galleries and attending seasonal events. The local school district is part of the Windsor Central Supervisory Union, providing quality education options for families moving to the area.

Overall, Woodstock presents a unique living experience, combining the tranquility of rural Vermont with the conveniences of modern living. Whether you're looking to buy or rent, having a realistic view of the market is important.