Is Vermillion County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Vermillion County has remained a Seller's Market.
Housing Prices in Vermillion County, IN
How much do homes in Vermillion County, IN cost?
Median Sold Price
$100,000
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Vermillion County was $100,000 in March 2024, up 11% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30.6K | $55K | +79.4% |
2 Bedrooms | $70.5K | $84.5K | +19.9% |
3 Bedrooms | $94.5K | $111K | +17.5% |
4 Bedrooms | $225K | $186.5K | -17.1% |
5+ Bedrooms | $299.9K | $163K | -45.6% |
Summary: Vermillion County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 79.4%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 45.6%.
Median Sold Price Compared To Nearby Counties
Vermillion County | $90.1K | $100K | +11.0% |
Parke County | $144.9K | $159.5K | +10.1% |
Fountain County | $169.9K | $160K | -5.8% |
Vigo County | $132.2K | $124.6K | -5.8% |
Housing Supply in Vermillion County, IN
How many homes are available in Vermillion County, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Summary: The Vermillion County real estate market had 22 homes for sale in March 2024, a 15.4% decrease 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 | 8 | 7 | -12.5% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Vermillion 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 decreased by 12.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Vermillion County in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 106 Days | +145.9% |
Summary: Homes in Vermillion County had an average of 106 days on market in Mar 2024, up by 145.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Vermillion County; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.