Is Vermilion County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Vermilion County has remained a Seller's Market.
Housing Prices in Vermilion County, IL
How much do homes in Vermilion County, IL cost?
Median Sold Price
$60,750
$43/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Vermilion County was $60,750 in May 2024, down 29.4% from last month, and the median price per square foot was $43.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $37.5K | $126K | +236.0% |
3 Bedrooms | $167.2K | $69.5K | -58.4% |
4 Bedrooms | $187.5K | $42K | -77.6% |
5+ Bedrooms | - | $48.2K | N/A |
Summary: Vermilion County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 236%, 3 bedroom homes decreased by 58.4%, 4 bedroom homes decreased by 77.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Vermilion County | $86K | $60.7K | -29.4% |
Vermillion County | $340K | $187K | -45.0% |
Housing Supply in Vermilion County, IL
How many homes are available in Vermilion County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 63 | +10.5% |
Summary: The Vermilion County real estate market had 63 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 30 | 34 | +13.3% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Vermilion County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Vermilion County in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Vermilion County, IL
How long does it take to sell a home in Vermilion County, IL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 Days | 66 Days | +8.9% |
Summary: Homes in Vermilion County had an average of 66 days on market in May 2024, up by 8.9% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Vermilion County; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.