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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Vermillion County was a Seller's Market.

Key Takeaway

Vermillion County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Vermillion County, IN

How much do homes in Vermillion County, IN cost?

Median Sold Price

$142,000

$72/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,500(+45.6%)

Key Takeaway

Homes in Vermillion County have sold for 45.6% more than they did a year ago.

Summary: The median home sold price in Vermillion County was $142,000 in November 2024, up 45.6% from last year, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$16K
-70.9%
2 $95K$87.5K
-7.9%
3 $75K$150K
+100.0%
4 $310K$257.5K
-16.9%
5+ -$505K
N/A

Summary: Vermillion County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.9%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Vermillion County
+45.6%
Parke County
+14.6%
Vigo County
+14.5%
Vermilion County
+9.1%
Fountain County
+5.5%

Housing Supply in Vermillion County, IN

How many homes are available in Vermillion County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2825-10.7%

Summary: The Vermillion County real estate market had 25 homes for sale in November 2024, a 10.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 98
-11.1%
3 119
-18.2%
4 66
0.0%
5+ 21
-50.0%

Summary: The Vermillion County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Vermillion County in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
110 Days7 Days-93.7%

Summary: Homes in Vermillion County had an average of 7 days on market in Nov 2024, down by 93.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 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 November 2024, 3 homes were sold in Vermillion County; 67% of homes were sold within 30 days, 0% 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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