In May 2021, there were eight homes sold, with a median sale price of $170,000 - a 33.1% increase over the $127,700 median sale price for the same period of the previous year. There were six homes sold in Vermilion in May 2020.
The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 1.4% of the median home sale price for May 2021.
The following table compares Vermilion to other Lorain County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| LaGrange | 7 | 5 | 40% | $273,500 | $260,000 | 5.2% |
| Avon Lake | 28 | 30 | -6.7% | $264,000 | $212,500 | 24.2% |
| North Ridgeville | 40 | 41 | -2.4% | $222,500 | $227,000 | -2% |
| Oberlin | 7 | 11 | -36.4% | $190,000 | $187,900 | 1.1% |
| Brentwood Lake | 1 | 0 | - | $173,000 | $0 | - |
| Vermilion | 8 | 6 | 33.3% | $170,000 | $127,700 | 33.1% |
| Amherst | 15 | 27 | -44.4% | $170,000 | $175,000 | -2.9% |
| Wellington | 12 | 10 | 20% | $160,250 | $130,500 | 22.8% |
| Sheffield Lake | 15 | 12 | 25% | $160,000 | $144,750 | 10.5% |
| Elyria | 79 | 73 | 8.2% | $121,500 | $98,000 | 24% |
| Pheasant Run | 1 | 0 | - | $116,000 | $0 | - |
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