$6,175 Closing Credit*
$520,000
2,478 SqFt
4 Beds
•2 Full Baths
Journey Toole, Listing Office: Keller Williams Living
Is Vermilion, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Vermilion has remained a Seller's Market.
Key Takeaway
Vermilion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vermilion, OH
How much do homes in Vermilion, OH cost?
Median Sold Price
$236,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$38,000(+19.2%)
Key Takeaway
Homes in Vermilion have sold for 19.2% more than they did a year ago.
Summary: The median home sold price in Vermilion was $236,000 in September 2024, up 19.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $110K | +23.6% |
| 2 Bedrooms | $165K | $210K | +27.3% |
| 3 Bedrooms | $188.7K | $222K | +17.6% |
| 4 Bedrooms | $279.2K | $310K | +11.0% |
| 5+ Bedrooms | $575K | $385K | -33.0% |
Summary: Vermilion housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 33%.
Median Sold Price Compared To Nearby Cities
| Vermilion | $198K | $236K | +19.2% |
| Vermilion Township | $198K | $235.5K | +18.9% |
| Vermilion | $200K | $235.5K | +17.8% |
| Brownhelm Township | $230K | $230K | 0.0% |
Housing Supply in Vermilion, OH
How many homes are available in Vermilion, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 70 | 54 | -22.9% |
Summary: The Vermilion real estate market had 54 homes for sale in September 2024, a 22.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 33 | 28 | -15.2% |
| 4 Bedrooms | 21 | 13 | -38.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Vermilion housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 38.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vermilion, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Vermilion in September 2024, down by 39.3% month-over-month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Vermilion, OH
How long does it take to sell a home in Vermilion, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 31 Days | 31 Days | 0.4% |
Summary: Homes in Vermilion had an average of 31 days on market in Sep 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Vermilion has remained consistent over time.
Summary: During September 2024, 17 homes were sold in Vermilion; 47% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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