Vermillion, SD metro area Housing Market
Cool MarketComprehensive housing market data for the Vermillion, SD metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$280K
↓ 19.4% YoY
Days on Market
18 days
↓ 82.4% YoY
Active Inventory
43
↑ 16.2% YoY
Homes Sold
3
↓ 25.0% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Vermillion, SD metro area Market Summary
The Vermillion, SD metro area housing market is cooling down. As of January 2026, the median home sale price is $280K, down 19.4% year-over-year. Homes are spending a median of 18 days on the market, 82.4% shorter than a year ago.
There are 43 homes for sale — 16.2% more than last year. With 14.3 months of supply, this is a buyer's market. 14 new listings were added during this period, down 30.0% year-over-year.
Homes are selling for 97.8% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 7.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
67
Contributing Factors
How This Market Compares
vs. National Median
vs. South Dakota Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 34% below the national median, which could indicate stronger cash flow potential.
Vermillion, SD metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$298K
Price per Sq Ft
$150
Sale-to-List Ratio
97.8%
Months of Supply
14.3
Sold Above List
0.0%
Price Drops
7.0%
New Listings
14
↓ 30.0% YoY
Pending Sales
14
Off Market in 2 Weeks
28.6%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.