Is Vermilion County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Vermilion County was a Buyer's Market.
Housing Prices in Vermilion County, IL
How much do homes in Vermilion County, IL cost?
Median Sold Price
$95,000
$75/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Vermilion County was $95,000 in March 2024, down 20.8% from last month, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $20K | N/A |
2 Bedrooms | - | $47.5K | N/A |
3 Bedrooms | $115K | $97.2K | -15.4% |
4 Bedrooms | $130K | $167.4K | +28.8% |
5+ Bedrooms | - | - | N/A |
Summary: Vermilion County housing prices by bedroom type for March 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 decreased by 15.4%, 4 bedroom homes increased by 28.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Benton County | $120K | $166K | +38.3% |
Vermilion County | $120K | $95K | -20.8% |
Housing Supply in Vermilion County, IL
How many homes are available in Vermilion County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 79 | +8.2% |
Summary: The Vermilion County real estate market had 79 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 26 | +30.0% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 15 | 13 | -13.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Vermilion County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 19 | +111.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Vermilion County in March 2024, up by 111.1% month-over-month. Of the 19 sold homes, 58% were sold under asking, 11% were sold at asking, and 32% were sold over asking.
Days on Market for Vermilion County, IL
How long does it take to sell a home in Vermilion County, IL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 84 Days | +33.9% |
Summary: Homes in Vermilion County had an average of 84 days on market in Mar 2024, up by 33.9% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Vermilion County; 37% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.