The median sale price of a home sold in October 2019 in Vermilion rose by $12,750 while total sales increased by 157.1%, according to BlockShopper.com.
In October 2019, there were 18 homes sold, with a median sale price of $142,750 – a 9.8% increase over the $130,000 median sale price for the same period of the previous year. There were seven homes sold in Vermilion in October 2018.
The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 1.7% of the median home sale price for October 2019.
The following table compares Vermilion to other Lorain County cities with similar median sales prices in October 2019:
| City | Oct. 2019 Home Sales | Oct. 2018 Home Sales | % change (Total Home Sales) | Oct. 2019 Median Sales Price | Oct. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Ridgeville | 51 | 57 | -10.5% | $180,000 | $180,000 | 0% |
| LaGrange | 6 | 6 | 0% | $170,250 | $200,000 | -14.9% |
| Oberlin | 10 | 8 | 25% | $166,500 | $149,500 | 11.4% |
| Wellington | 16 | 17 | -5.9% | $160,000 | $140,000 | 14.3% |
| Amherst | 38 | 24 | 58.3% | $159,950 | $146,750 | 9% |
| Vermilion | 18 | 7 | 157.1% | $142,750 | $130,000 | 9.8% |
| Grafton | 17 | 12 | 41.7% | $141,000 | $189,500 | -25.6% |
| Sheffield Lake | 13 | 14 | -7.1% | $135,000 | $137,000 | -1.5% |
| Pheasant Run | 9 | 4 | 125% | $124,500 | $70,000 | 77.9% |
| Laporte | 1 | 1 | 0% | $115,000 | $56,000 | 105.4% |
| Penfield Junction | 1 | 1 | 0% | $111,800 | $44,000 | 154.1% |
