In January 2020, there were seven homes sold, with a median sale price of $76,877 - a 48.7% decrease over the $150,000 median sale price for the same period of the previous year. There were 11 homes sold in Vermilion in January 2019.
The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 3.1% of the median home sale price for January 2020.
The following table compares Vermilion to other Lorain County cities with similar median sales prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grafton | 12 | 10 | 20% | $155,950 | $200,000 | -22% |
| Amherst | 14 | 9 | 55.6% | $138,750 | $132,000 | 5.1% |
| Columbia Station | 2 | 6 | -66.7% | $137,000 | $171,000 | -19.9% |
| Pheasant Run | 3 | 4 | -25% | $113,000 | $91,280 | 23.8% |
| Oberlin | 4 | 7 | -42.9% | $110,400 | $119,000 | -7.2% |
| Sheffield Lake | 8 | 14 | -42.9% | $107,000.50 | $111,250 | -3.8% |
| Brentwood Lake | 1 | 0 | - | $100,000 | $0 | - |
| Vermilion | 7 | 11 | -36.4% | $76,877 | $150,000 | -48.7% |
| Eaton Estates | 2 | 2 | 0% | $75,749.50 | $78,734 | -3.8% |
| Elyria | 85 | 59 | 44.1% | $75,000 | $77,000 | -2.6% |
| Lorain | 87 | 76 | 14.5% | $53,000 | $44,000 | 20.5% |
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