In December 2020, there were four homes sold, with a median sale price of $154,500 - a 30.1% decrease over the $221,000 median sale price for the same period of the previous year. There were eight homes sold in Vermilion in December 2019.
The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 1.6% of the median home sale price for December 2020.
The following table compares Vermilion to other Lorain County cities with similar median sale prices in December 2020:
| City | Dec. 2020 Home Sales | Dec. 2019 Home Sales | % change (Total Home Sales) | Dec. 2020 Median Sales Price | Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| LaGrange | 3 | 3 | 0% | $260,000 | $180,000 | 44.4% |
| Pheasant Run | 1 | 3 | -66.7% | $200,000 | $110,000 | 81.8% |
| Sheffield | 2 | 5 | -60% | $178,000 | $100,000 | 78% |
| Columbia Station | 1 | 12 | -91.7% | $160,000 | $229,500 | -30.3% |
| North Ridgeville | 13 | 37 | -64.9% | $156,500 | $190,000 | -17.6% |
| Vermilion | 4 | 8 | -50% | $154,500 | $221,000 | -30.1% |
| Amherst | 4 | 21 | -81% | $150,000 | $163,000 | -8% |
| Eaton Estates | 1 | 5 | -80% | $148,000 | $85,500 | 73.1% |
| Wellington | 4 | 7 | -42.9% | $114,450 | $148,500 | -22.9% |
| South Amherst | 1 | 3 | -66.7% | $90,000 | $120,000 | -25% |
| Elyria | 25 | 75 | -66.7% | $88,106.92 | $89,900 | -2% |
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