$3,561 Closing Credit*
$299,900
2,498 SqFt
3 Beds
•2 Full Baths
Mario Russo, Listing Office: Lokal Real Estate, 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 November 2023
At the same time last year, Vermilion Township was a Seller's Market.
Key Takeaway
Vermilion Township 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 Township, OH
How much do homes in Vermilion Township, OH cost?
Median Sold Price
$236,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+12.4%)
Key Takeaway
Homes in Vermilion Township have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Vermilion Township was $236,000 in November 2024, up 12.4% 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 | $187K | $223.7K | +19.7% |
| 4 Bedrooms | $281.7K | $347K | +23.2% |
| 5+ Bedrooms | $575K | $269.9K | -53.1% |
Summary: Vermilion Township 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 19.7%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 53.1%.
Median Sold Price Compared To Nearby Cities
| Berlin Township | $219K | $299K | +36.5% |
| 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 Township, OH
How many homes are available in Vermilion Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The Vermilion Township 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 Township 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 Township, 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 Township 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 Township, OH
How long does it take to sell a home in Vermilion Township, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 15 Days | -56.3% |
Summary: Homes in Vermilion Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Vermilion Township; 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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