$2,493 Closing Credit*
$209,900
1,756 SqFt
4 Beds
•2 Full Baths
Sylvia Incorvaia, Listing Office: EXP Realty, LLC.
Is Vermilion Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Vermilion Township has remained a Seller's Market.
Key Takeaway
Vermilion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vermilion Township, OH
How much do homes in Vermilion Township, OH cost?
Median Sold Price
$236,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,000(+18.0%)
Key Takeaway
Homes in Vermilion Township have sold for 18% more than they did a year ago.
Summary: The median home sold price in Vermilion Township was $236,000 in October 2024, up 18% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $110K | +23.6% |
| 2 Bedrooms | $174K | $205K | +17.8% |
| 3 Bedrooms | $186.5K | $227.5K | +22.0% |
| 4 Bedrooms | $281.7K | $305K | +8.3% |
| 5+ Bedrooms | $575K | $342.4K | -40.4% |
Summary: Vermilion Township housing prices by bedroom type for October 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 22%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 40.4%.
Median Sold Price Compared To Nearby Cities
| Berlin Township | $200K | $303K | +51.5% |
| Vermilion | $200K | $240K | +20.0% |
| Vermilion Township | $200K | $236K | +18.0% |
| Vermilion | $200K | $236K | +18.0% |
| Brownhelm Township | $228K | $227.5K | -0.2% |
Housing Supply in Vermilion Township, OH
How many homes are available in Vermilion Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The Vermilion Township real estate market had 57 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Vermilion Township 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 12.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vermilion Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Vermilion Township in October 2024, down by 26.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for Vermilion Township, OH
How long does it take to sell a home in Vermilion Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 21 Days | -61.4% |
Summary: Homes in Vermilion Township had an average of 21 days on market in Oct 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vermilion Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Vermilion Township; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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