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
Since last month, Vermilion County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $20K | - | N/A |
2 Bedrooms | $37.5K | $37.5K | 0.0% |
3 Bedrooms | $97.2K | $94.5K | -2.8% |
4 Bedrooms | $167.4K | $187.5K | +12.0% |
5+ Bedrooms | - | - | 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 | $155K | $219K | +41.3% |
Benton County | $153K | $214.9K | +40.5% |
Vermilion County | $75K | $68K | -9.3% |
Housing Supply in Vermilion County, IL
How many homes are available in Vermilion County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 67 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 23 | 15 | -34.8% |
3 Bedrooms | 32 | 35 | +9.4% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 5 | 4 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 12 | -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
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 2024 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 46 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
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.