Is Vermilion County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Vermilion County was a Seller's Market.
Housing Prices in Vermilion County, LA
How much do homes in Vermilion County, LA cost?
Median Sold Price
$172,333
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Vermilion County was $172,333 in April 2024, down 10.2% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | - | N/A |
2 Bedrooms | $75K | $88K | +17.3% |
3 Bedrooms | $186K | $159.5K | -14.2% |
4 Bedrooms | $258.5K | $255K | -1.4% |
5+ Bedrooms | $319K | $169K | -47.0% |
Summary: Vermilion County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 47%.
Median Sold Price Compared To Nearby Counties
Acadia County | $169.5K | $183.2K | +8.1% |
Iberia County | $165K | $165K | 0.0% |
Lafayette County | $249.9K | $243.4K | -2.6% |
Vermilion County | $192K | $172.3K | -10.2% |
Housing Supply in Vermilion County, LA
How many homes are available in Vermilion County, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
187 | 195 | +4.3% |
Summary: The Vermilion County real estate market had 195 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 41 | 38 | -7.3% |
3 Bedrooms | 102 | 110 | +7.8% |
4 Bedrooms | 41 | 43 | +4.9% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Vermilion County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Vermilion County in April 2024, up by 16.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for Vermilion County, LA
How long does it take to sell a home in Vermilion County, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 77 Days | -3.3% |
Summary: Homes in Vermilion County had an average of 77 days on market in Apr 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Vermilion County; 46% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.