Vermillion home prices rise in the third quarter of 2020

Medium realestate4

The median sale price of a home sold in the third quarter of 2020 in Vermillion rose by $5,000 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

From July through September of 2020, there were five homes sold, with a median sale price of $320,000 - a 1.6% increase over the $315,000 median sale price for the same period of the previous year. There were five homes sold in Vermillion in the third quarter of 2019, as well.

The median sales tax in Vermillion for the most recent year with available data, 2019, was $2,654, approximately 0.8% of the median home sale price for the third quarter of 2020.

The following table compares Vermillion to other Dakota County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Mendota Heights3557-38.6%$402,500$469,500-14.3%
Randolph45-20%$399,000$335,00019.1%
Nininger42100%$382,500$452,500-15.5%
Lakeville222305-27.2%$343,750$320,0007.4%
Eagan184340-45.9%$325,000$310,0004.8%
Vermillion550%$320,000$315,0001.6%
Rosemount96123-22%$306,100$292,0004.8%
Farmington98164-40.2%$303,500$272,00011.6%
Burnsville211300-29.7%$298,000$275,0008.4%
Northfield718-61.1%$265,000$318,500-16.8%
Inver Grove Heights89144-38.2%$265,000$262,7500.9%

Blockshopper green logo