Question 1

What is the median sold price in Vermilion?

Accepted Answer

The median sold price in Vermilion is $240,000 based on 105 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Vermilion?

Accepted Answer

The average sold price in Vermilion is $238,620. Note that the average ($238,620) is lower than the median ($240,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Vermilion?

Accepted Answer

Home prices in Vermilion range from $30,000 to $531,000 based on recent sales data. This $501,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Vermilion selling above or below asking price?

Accepted Answer

On average, homes in Vermilion are selling at 96.2% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Vermilion?

Accepted Answer

Homes in Vermilion are selling in an average of 147 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Vermilion?

Accepted Answer

The average price per square foot in Vermilion is $203. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $406,000.

Question 7

How active is the real estate market in Vermilion?

Accepted Answer

The Vermilion market has seen 105 home sales over the past 2 years, with 27 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How many new listings are coming to market in Vermilion?

Accepted Answer

There have been 2 new listings in Vermilion during April 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in Vermilion?

Accepted Answer

The most common property types selling in Vermilion are: detached single family (89 sold, avg $241,734), lowrise apartment (10 sold, avg $199,942), townhouse (4 sold, avg $213,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Vermilion?

Accepted Answer

Detached homes in Vermilion are selling for an average of $241,734, with 89 sales over the past 2 years.

Question 11

How much do condos cost in Vermilion?

Accepted Answer

Condos and apartments in Vermilion are selling for an average of $199,942, with 10 sales over the past 2 years. Condos typically offer a more affordable entry point into the Vermilion market.

Question 12

How much do townhouses cost in Vermilion?

Accepted Answer

Townhouses in Vermilion are selling for an average of $213,500, with 4 sales over the past 2 years. Townhouses often provide a middle ground between condo living and detached home ownership.

Question 13

Are home prices rising or falling in Vermilion?

Accepted Answer

Home prices in Vermilion have increased by 180.5% over the past 2 years. The average sold price moved from $62,333 to $174,833. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 14

Is Vermilion a buyer's or seller's market?

Accepted Answer

Based on current data, Vermilion is a buyer's market. Homes are selling in 147 days on average and at 96.2% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 15

What percentage of homes sell above asking price in Vermilion?

Accepted Answer

In Vermilion, 9% of homes sold above asking price, while 83% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 16

What are the average property taxes in Vermilion?

Accepted Answer

The average annual property tax in Vermilion is $2,575, with a median of $2,555. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 17

What size homes are selling in Vermilion?

Accepted Answer

Homes selling in Vermilion range from 536 to 2,707 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 18

How much do home prices vary in Vermilion?

Accepted Answer

Vermilion shows moderate price diversity with a standard deviation of $114,358 around the average price of $238,620. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 19

How do I find out how much a house sold for in Vermilion?

Accepted Answer

Simply search our Vermilion sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 20

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Vermilion will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 21

Do you show all MLS® sold listings for Vermilion?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Vermilion. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Houses Sold in Vermilion — What Buyers Paid

Vermilion Sold Data Overview

Recently Sold in Vermilion

What's Happening in Vermilion Real Estate

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Vermilion compare to Vermilion?

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