Is Vermillion County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Vermillion County was a Neutral Market.
Housing Prices in Vermillion County, IN
How much do homes in Vermillion County, IN cost?
Median Sold Price
$187,000
$70/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Vermillion County was $187,000 in May 2024, down 45% from last month, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $340K | - | N/A |
4 Bedrooms | $319.5K | $187K | -41.5% |
5+ Bedrooms | - | - | N/A |
Summary: Vermillion County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 41.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Vermilion County | $86K | $60.7K | -29.4% |
Vermillion County | $340K | $187K | -45.0% |
Housing Supply in Vermillion County, IN
How many homes are available in Vermillion County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Summary: The Vermillion County real estate market had 25 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Vermillion County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Vermillion County in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 Days | 69 Days | +265.8% |
Summary: Homes in Vermillion County had an average of 69 days on market in May 2024, up by 265.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Vermillion County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.