Is Vermilion Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vermilion Township is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Vermilion Township was a Seller's Market.

Key Takeaway

Vermilion Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Vermilion Township, OH cost?

Median Sold Price

$279,995

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$29,995(+12.0%)

Key Takeaway

Homes in Vermilion Township have sold for 12% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $234.4K$250K
+6.6%
3 $222.5K$275K
+23.6%
4 $340K$395K
+16.2%
5+ $257.5K$520.7K
+102.2%

Median Sold Price Compared To Nearby Cities

Vermilion
+27.6%
Brownhelm Township
+24.4%
Vermilion
+18.8%
Vermilion Township
+12.0%

How many homes are available in Vermilion Township, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
15150.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 01
+100.0%
3 107
-30.0%
4 23
+50.0%
5+ 34
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vermilion Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
32 Days113 Days+245.9%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Vermilion Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Vermilion Township, OH

Vermilion Township, OH has 15 homes on the market. The median list price of listings available in November 2022 was $279,995, while the average time on the real estate market was 113 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 6.6%, 3 bedrooms properties prices increased by 23.6%, prices of 4 bedrooms properties went up by 16.2%, 5 bedrooms properties prices increased by 102.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 100%, volume of 3 bedrooms homes went down by 30%, 4 bedrooms homes inventory increased by 50%, number of 5 bedrooms homes increased by 33.3%. In November 2022 more than 0 listings in Vermilion Township, OH were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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