From January through March of 2021, there were seven homes sold, with a median sale price of $97,000 - a 14.5% decrease over the $113,500 median sale price for the same period of the previous year. There were 25 homes sold in Vermilion in the first quarter of 2020.
The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 2.5% of the median home sale price for the first quarter of 2021.
The following table compares Vermilion to other Lorain County cities with similar median sale prices in the first quarter of 2021:
| City | Jan. - Mar. 2021 Home Sales | Jan. - Mar. 2020 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2021 Median Sales Price | Jan. - Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Laporte | 2 | 3 | -33.3% | $193,600 | $102,500 | 88.9% |
| North Ridgeville | 17 | 115 | -85.2% | $192,000 | $190,000 | 1.1% |
| Oberlin | 7 | 26 | -73.1% | $186,000 | $150,750.50 | 23.4% |
| Wellington | 7 | 22 | -68.2% | $150,000 | $151,950 | -1.3% |
| Amherst | 8 | 49 | -83.7% | $119,000 | $138,000 | -13.8% |
| Vermilion | 7 | 25 | -72% | $97,000 | $113,500 | -14.5% |
| Elyria | 45 | 252 | -82.1% | $88,900 | $87,000 | 2.2% |
| Sheffield Lake | 6 | 23 | -73.9% | $80,000 | $98,807 | -19% |
| Lorain | 83 | 266 | -68.8% | $60,000 | $58,000 | 3.4% |
| Penfield Junction | 2 | 2 | 0% | $55,500 | $78,000 | -28.8% |
| Pheasant Run | 2 | 5 | -60% | $34,500 | $70,000 | -50.7% |
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