Is Vermillion County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vermillion County is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Vermillion County was a Neutral Market.

Key Takeaway

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

Housing Prices in Vermillion County, IN

How much do homes in Vermillion County, IN cost?

Median Sold Price

$139,250

$72/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$66,500(+91.4%)

Key Takeaway

Homes in Vermillion County have sold for 91.4% more than they did a year ago.

Summary: The median home sold price in Vermillion County was $139,250 in October 2024, up 91.4% from last year, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$16K
-70.9%
2 $70K$87K
+24.3%
3 $75K$141K
+88.0%
4 $310K$257.5K
-16.9%
5+ -$505K
N/A

Summary: Vermillion County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.9%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 88%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Vermillion County
+91.4%
Vigo County
+14.2%
Fountain County
-2.9%

Housing Supply in Vermillion County, IN

How many homes are available in Vermillion County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3230-6.3%

Summary: The Vermillion County real estate market had 30 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 99
0.0%
3 1713
-23.5%
4 35
+66.7%
5+ 22
0.0%

Summary: The Vermillion 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 remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vermillion County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Vermillion County in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Vermillion County, IN

How long does it take to sell a home in Vermillion County, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days24 Days-60.2%

Summary: Homes in Vermillion County had an average of 24 days on market in Oct 2024, down by 60.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Vermillion County; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 Vermillion County, IN

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