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In May, there were 13 homes sold, with a median sale price of $135,000 - a 20.6 percent decrease from the $170,000 median sale price for the same period of the previous year. There were eight homes sold in Vermilion in May 2021.
The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 1.8 percent of the median home sale price for May.
The following table compares Vermilion to other Lorain County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Columbia Station | 11 | 10 | 10 | $184,000 | $282,250 | -34.8 |
| Wellington | 11 | 12 | -8.3 | $180,000 | $160,250 | 12.3 |
| Coonville | 1 | 1 | 0 | $153,000 | $66,213 | 131.1 |
| Sheffield Lake | 17 | 15 | 13.3 | $152,000 | $160,000 | -5 |
| Eaton Estates | 2 | 2 | 0 | $148,500 | $110,000 | 35 |
| Elyria | 107 | 79 | 35.4 | $145,000 | $121,500 | 19.3 |
| Brentwood Lake | 1 | 1 | 0 | $135,000 | $173,000 | -22 |
| Vermilion | 13 | 8 | 62.5 | $135,000 | $170,000 | -20.6 |
| Pheasant Run | 6 | 1 | 500 | $125,000 | $116,000 | 7.8 |
| Lorain | 115 | 100 | 15 | $105,000 | $69,500 | 51.1 |
| Vincent | 1 | 0 | - | $56,000 | $0 | - |
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