Is Vermillion, SD 57069 a buyer’s or seller’s market?
Vermillion is a balanced market. With about 5.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 9% of U.S. ZIP codes, and #30 of 33 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 Vermillion housing market right now
In the three months ending August 31, 2026, 5% of homes in Vermillion, SD 57069 sold above their list price, the typical home went under contract in 49 days and there were 5.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 39 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 12%, homes sold more slowly (34 days then) and the median sale price rose 6% to $289,875. Overall, Vermillion is less competitive than a year ago, which gives buyers more room.
On our competition score, Vermillion ranks #30 of 33 SD ZIP codes with enough sales (score 16 out of 100).
Nearby, buyers who want less competition could look at Wakonda 57073 (0% sold over asking) or Burbank 57010 (0% sold over asking).
Run the numbers for 57069
Nearby markets
Burbank 57010Seller’s market $204 /sq ftWakonda 57073Seller’s market $237 /sq ft Browse all markets →Towns like Vermillion nearby
Find towns like Vermillion in other states →Where Vermillion is
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Questions about Vermillion real estate
Is Vermillion a buyer’s or seller’s market?
A balanced market: there were 5.4 months of supply in Vermillion, SD 57069 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 Vermillion?
The typical home went under contract in 49 days in the latest three months.
Do homes in Vermillion sell over asking?
5% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Vermillion?
About 1.26% of a home’s value a year in Clay County, or roughly $5,040 on a $400,000 home.
What is the median home price in Vermillion?
The median sale price was $289,875 in the three months ending August 31, 2026, about $142 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