Pricing for the median home in Vermilion decreased during January 2021

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The median sale price of a home sold in January 2021 in Vermilion fell by $6,877 while total sales decreased by 57.1%, according to

In January 2021, there were three homes sold, with a median sale price of $70,000 - a 8.9% decrease over the $76,877 median sale price for the same period of the previous year. There were seven homes sold in Vermilion in January 2020.

The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 3.4% of the median home sale price for January 2021.

The following table compares Vermilion to other Lorain County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Avon Lake228-92.9%$245,000$226,0008.4%
North Ridgeville130-96.7%$160,000$157,2501.7%
Penfield Junction10-$101,000$0-
Pheasant Run13-66.7%$64,000$113,000-43.4%

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