The median sale price of a home sold in October 2020 in Vermilion rose by $49,250 while total sales decreased by 72.2%, according to BlockShopper.com.
In October 2020, there were five homes sold, with a median sale price of $192,000 - a 34.5% increase over the $142,750 median sale price for the same period of the previous year. There were 18 homes sold in Vermilion in October 2019.
The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 1.2% of the median home sale price for October 2020.
The following table compares Vermilion to other Lorain County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Avon | 7 | 24 | -70.8% | $367,500 | $283,500 | 29.6% |
| Wellington | 4 | 16 | -75% | $309,500 | $160,000 | 93.4% |
| Sheffield | 2 | 4 | -50% | $271,500 | $205,310 | 32.2% |
| Avon Lake | 13 | 41 | -68.3% | $255,000 | $215,000 | 18.6% |
| Grafton | 2 | 17 | -88.2% | $198,000 | $141,000 | 40.4% |
| Vermilion | 5 | 18 | -72.2% | $192,000 | $142,750 | 34.5% |
| North Ridgeville | 12 | 51 | -76.5% | $157,750 | $180,000 | -12.4% |
| Oberlin | 3 | 10 | -70% | $142,500 | $166,500 | -14.4% |
| Amherst | 4 | 38 | -89.5% | $136,000 | $159,950 | -15% |
| Elyria | 12 | 102 | -88.2% | $114,000 | $99,250 | 14.9% |
| Lorain | 29 | 99 | -70.7% | $80,000 | $68,900 | 16.1% |
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