Is Vermilion County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vermilion County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Vermilion County has remained a Seller's Market.

Key Takeaway

Vermilion County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Vermilion County, IL

How much do homes in Vermilion County, IL cost?

Median Sold Price

$111,950

$87/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$28,700(+34.5%)

Key Takeaway

Homes in Vermilion County have sold for 34.5% more than they did a month ago.

Summary: The median home sold price in Vermilion County was $111,950 in October 2024, up 34.5% from last month, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$103.9K
N/A
2 $75K$103.7K
+38.3%
3 $104.1K$99.9K
-4.1%
4 $42K$205.5K
+389.3%
5+ $175K-
N/A

Summary: Vermilion County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 389.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Warren County
+38.6%
Vermilion County
+34.5%
Benton County
-8.9%

Housing Supply in Vermilion County, IL

How many homes are available in Vermilion County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6358-7.9%

Summary: The Vermilion County real estate market had 58 homes for sale in October 2024, a 7.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1412
-14.3%
3 3533
-5.7%
4 98
-11.1%
5+ 33
0.0%

Summary: The Vermilion County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vermilion County, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Vermilion County in October 2024, down by 28.6% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% 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

Sep 2024Oct 2024CHANGE
54 Days44 Days-19.1%

Summary: Homes in Vermilion County had an average of 44 days on market in Oct 2024, down by 19.1% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vermilion County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in Vermilion County; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Vermilion County, IL

Nearby Markets to Vermilion County, IL

What housing markets are near Vermilion County, IL?