$3,561 Closing Credit*
$299,900
2,498 SqFt
3 Beds
•2 Full Baths
Mario Russo, Listing Office: Lokal Real Estate, LLC.
Is Vermilion, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Vermilion was a Seller's Market.
Key Takeaway
Vermilion is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Vermilion, OH
How much do homes in Vermilion, OH cost?
Median Sold Price
$240,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+12.9%)
Key Takeaway
Homes in Vermilion have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Vermilion was $240,000 in November 2024, up 12.9% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $110K | +23.6% |
| 2 Bedrooms | $174K | $205K | +17.8% |
| 3 Bedrooms | $189.2K | $223.7K | +18.3% |
| 4 Bedrooms | $283.5K | $365K | +28.7% |
| 5+ Bedrooms | $575K | $269.9K | -53.1% |
Summary: Vermilion housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes decreased by 53.1%.
Median Sold Price Compared To Nearby Cities
| Vermilion | $212.5K | $240K | +12.9% |
| Vermilion Township | $210K | $236K | +12.4% |
| Vermilion | $212.5K | $236K | +11.1% |
| Brownhelm Township | $229K | $230K | 0.4% |
Housing Supply in Vermilion, OH
How many homes are available in Vermilion, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The Vermilion real estate market had 57 homes for sale in November 2024, a 1.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 32 | 27 | -15.6% |
| 4 Bedrooms | 13 | 20 | +53.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Vermilion housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vermilion, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Vermilion in November 2024, down by 40.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 15 Days | -56.3% |
Summary: Homes in Vermilion had an average of 15 days on market in Nov 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vermilion are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Vermilion; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.