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Featured local agent — Vermillion, SD
Sarah Mitchell
Compass Real Estate · Vermillion, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Vermillion, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$335,000median sale price
How is the Vermillion, SD housing market right now?
The median home sale price in Vermillion, SD is $335,000, up 52.6% year-over-year. Homes sell in an average of 83 days with 47 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Vermillion a buyer's or seller's market?
Vermillion, SD is currently a buyer's market, based on 5.9 months of supply and homes selling in about 83 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
83
Average pace
Active listings
47
5.9 months supply
Sale-to-list
95.8%
Below asking
What does the Vermillion housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $335,000 |
| Median list price | $354,000 |
| Year-over-year price change | +52.6% |
| Average days on market | 83 days |
| Active inventory | 47 listings |
| Months of supply | 5.9 months |
| Sale-to-list price ratio | 95.8% |
| Median price per sq ft | $152/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 16 |
| Listings with a price cut | 21.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Vermillion by property type?
How the Vermillion, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $280,000 | $145/sq ft | 7 | 67 days |
| Condo / Co-op | $237,900 | $190/sq ft | 1 | 81 days |
| Townhouse | $394,900 | $192/sq ft | 1 | 86 days |
Source: Redfin · Updated monthly
The Vermillion housing market is currently classified as a buyer's market with a median sale price of $335,000. Prices have risen 52.6% compared to last year, with homes spending an average of 83 days on market, indicating 5.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Vermillion
There are currently 47 homes listed for sale in Vermillion, South Dakota. The median listing price is $354K.
Active listings
47
Homes on market
Median list price
$354K
Avg. days on market
83
Days until sale
New this week
16
Newly listed
Who lives in Vermillion?
Population
11,800
Median income
$52,815/yr
Median age
22.9 years
Owner-occupied
42.7%
College grads
50.6%
Avg commute
15.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Vermillion?
Zillow home value
$278,797
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Vermillion?
Vermillion is a community of approximately 12K residents with a median age of 22.9 years.The median household income is $52,815, which represents a working-class community with solid middle-income opportunities. 50.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 42.7%, showing a blend of owner and renter-occupied properties. The average commute time is 15.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Vermillion offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Vermillion?
4 schools tracked · 1,432 students
The largest public schools serving Vermillion, SD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Vermillion High School - 01
Grades 9-12 · 440 students
Jolley Elementary - 04
Grades 2-5 · 383 students
Vermillion Middle School - 02
Grades 6-8 · 332 students
Austin Elementary - 03
Grades PK-1 · 277 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Vermillion, SD?
Want a head-to-head view? Compare Vermillion side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Vermillion?
The median home sale price in Vermillion is $335,000, up 52.6% from last year.
How long do homes stay on market in Vermillion?
Homes typically spend 83 days on market before going under contract.
What is the median income in Vermillion?
The median household income is $52,815 per year.
Is Vermillion a buyer's or seller's market?
With 5.9 months of supply, Vermillion is currently a buyer's market.
What is the Zillow home value estimate for Vermillion?
The Zillow Home Value Index (ZHVI) for Vermillion is $278,797, representing the typical home value in the area.
What is the median condo price in Vermillion?
The median condo/co-op sale price in Vermillion, SD is $237,900, compared to $280,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Vermillion?
The median single-family home price in Vermillion, SD is $280,000 (about $145 per square foot).
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