Is Vermilion County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Vermilion County was a Seller's Market.
Housing Prices in Vermilion County, LA
How much do homes in Vermilion County, LA cost?
Median Sold Price
$165,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Vermilion County was $165,000 in May 2024, down 21.2% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | - | N/A |
2 Bedrooms | $84K | $77.5K | -7.7% |
3 Bedrooms | $185K | $159K | -14.1% |
4 Bedrooms | $258K | $258.5K | 0.2% |
5+ Bedrooms | $316.5K | $164.5K | -48.0% |
Summary: Vermilion County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 48%.
Median Sold Price Compared To Nearby Counties
Iberia County | $158.6K | $173.5K | +9.4% |
Acadia County | $172K | $180K | +4.7% |
Lafayette County | $249.9K | $240.9K | -3.6% |
Vermilion County | $209.5K | $165K | -21.2% |
Housing Supply in Vermilion County, LA
How many homes are available in Vermilion County, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
199 | 188 | -5.5% |
Summary: The Vermilion County real estate market had 188 homes for sale in May 2024, a 5.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 36 | 34 | -5.6% |
3 Bedrooms | 119 | 114 | -4.2% |
4 Bedrooms | 40 | 35 | -12.5% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Vermilion County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 19 | -29.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Vermilion County in May 2024, down by 29.6% month-over-month. Of the 19 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for Vermilion County, LA
How long does it take to sell a home in Vermilion County, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
134 Days | 71 Days | -47.0% |
Summary: Homes in Vermilion County had an average of 71 days on market in May 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Vermilion County; 47% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.