$6,175 Closing Credit*
$520,000
2,478 SqFt
4 Beds
•2 Full Baths
Journey Toole, Listing Office: Keller Williams Living
Is Vermilion Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Vermilion Township has remained a Seller's Market.
Key Takeaway
Vermilion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vermilion Township, OH
How much do homes in Vermilion Township, OH cost?
Median Sold Price
$235,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$37,500(+18.9%)
Key Takeaway
Homes in Vermilion Township have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Vermilion Township was $235,500 in September 2024, up 18.9% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $110K | +23.6% |
| 2 Bedrooms | $168.9K | $210K | +24.3% |
| 3 Bedrooms | $187K | $222K | +18.7% |
| 4 Bedrooms | $275K | $300K | +9.1% |
| 5+ Bedrooms | $575K | $385K | -33.0% |
Summary: Vermilion Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33%.
Median Sold Price Compared To Nearby Cities
| Berlin Township | $219K | $303K | +38.4% |
| Vermilion | $198K | $236K | +19.2% |
| Vermilion Township | $198K | $235.5K | +18.9% |
| Vermilion | $200K | $235.5K | +17.8% |
| Brownhelm Township | $230K | $230K | 0.0% |
Housing Supply in Vermilion Township, OH
How many homes are available in Vermilion Township, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 69 | 55 | -20.3% |
Summary: The Vermilion Township real estate market had 55 homes for sale in September 2024, a 20.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 34 | 29 | -14.7% |
| 4 Bedrooms | 19 | 13 | -31.6% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Vermilion Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 18 | -30.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vermilion Township, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Vermilion Township in September 2024, down by 30.8% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Vermilion Township, OH
How long does it take to sell a home in Vermilion Township, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -3.3% |
Summary: Homes in Vermilion Township had an average of 30 days on market in Sep 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vermilion Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 18 homes were sold in Vermilion Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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