Is Vermilion County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vermilion County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Vermilion County has remained a Seller's Market.

Key Takeaway

Vermilion County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Vermilion County, IL

How much do homes in Vermilion County, IL cost?

Median Sold Price

$68,000

$79/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$7,000(-9.3%)

Key Takeaway

Homes in Vermilion County have sold for 9.3% less than they did a month ago.

Summary: The median home sold price in Vermilion County was $68,000 in April 2024, down 9.3% from last month, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $20K-
N/A
2 $37.5K$37.5K
0.0%
3 $97.2K$94.5K
-2.8%
4 $167.4K$187.5K
+12.0%
5+ --
N/A

Summary: Vermilion County housing prices by bedroom type for April 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 2.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Vermillion County
+41.3%
Benton County
+40.5%
Vermilion County
-9.3%

Housing Supply in Vermilion County, IL

How many homes are available in Vermilion County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7367-8.2%

Summary: The Vermilion County real estate market had 67 homes for sale in April 2024, a 8.2% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 2315
-34.8%
3 3235
+9.4%
4 1112
+9.1%
5+ 54
-20.0%

Summary: The Vermilion County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 34.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2112-42.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vermilion County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Vermilion County in April 2024, down by 42.9% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% 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

Mar 2024Apr 2024CHANGE
77 Days46 Days-39.4%

Summary: Homes in Vermilion County had an average of 46 days on market in Apr 2024, down by 39.4% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vermilion County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 12 homes were sold in Vermilion County; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

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

Report Updated 11 Days Ago

Newest Listings in Vermilion County, IL

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What housing markets are near Vermilion County, IL?