Is Vermilion, OH 44089 a buyer’s or seller’s market?
Vermilion is a seller’s market. With about 3.1 months of supply and 31% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 62% of U.S. ZIP codes, and #255 of 489 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Vermilion housing market right now
In the three months ending August 31, 2026, 31% of homes in Vermilion, OH 44089 sold above their list price, the typical home went under contract in 35 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 63 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 34%, homes sold faster (38 days then) and the median sale price rose 16% to $334,855. Overall, Vermilion is about as competitive as it was a year ago.
Within Erie County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 67%. On our competition score, Vermilion ranks #255 of 489 OH ZIP codes with enough sales (score 59 out of 100).
Nearby, buyers who want less competition could look at Kelleys Island 43438 (0% sold over asking), while Castalia 44824 (50% sold over asking) and Milan 44846 (36% sold over asking) are even more competitive.
Run the numbers for 44089
Nearby markets
Berlin Heights 44814Seller’s market $143 /sq ftCastalia 44824Balanced $177 /sq ftHuron 44839Seller’s market $184 /sq ftKelleys Island 43438Balanced $427 /sq ft Browse all markets →Towns like Vermilion nearby
Find towns like Vermilion in other states →Where Vermilion is
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Questions about Vermilion real estate
Is Vermilion a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Vermilion, OH 44089 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Vermilion?
The typical home went under contract in 35 days in the latest three months.
Do homes in Vermilion sell over asking?
31% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Vermilion?
About 1.22% of a home’s value a year in Erie County, or roughly $4,880 on a $400,000 home.
What is the median home price in Vermilion?
The median sale price was $334,855 in the three months ending August 31, 2026, about $192 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology