From April through June of 2018, there were four homes sold, with a median sale price of $261,750 - a 6.2% increase over the $246,500 median sale price for the same period of the previous year. There were six homes sold in Vermillion in the second quarter of 2017.
The median sales tax in Vermillion for the most recent year with available data, 2014, was $2,198, approximately 0.8% of the median home sale price for the second quarter of 2018.
The following table compares Vermillion to other Dakota County cities with similar median sales prices in the second quarter of 2018:
| City | Apr. - June 2018 Home Sales | Apr. - June 2017 Home Sales | % change (Total Home Sales) | Apr. - June 2018 Median Sales Price | Apr. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Randolph | 5 | 5 | 0% | $297,500 | $370,000 | -19.6% |
| Eagan | 326 | 294 | 10.9% | $268,011.50 | $255,000 | 5.1% |
| Apple Valley | 278 | 338 | -17.8% | $265,000 | $225,050 | 17.8% |
| Burnsville | 304 | 298 | 2% | $265,000 | $249,900 | 6% |
| Rosemount | 116 | 128 | -9.4% | $263,156 | $250,300 | 5.1% |
| Vermillion | 4 | 6 | -33.3% | $261,750 | $246,500 | 6.2% |
| Empire | 8 | 15 | -46.7% | $258,830.46 | $277,000 | -6.6% |
| Farmington | 149 | 195 | -23.6% | $250,000 | $247,500 | 1% |
| Nininger | 2 | 5 | -60% | $249,000 | $335,000 | -25.7% |
| Hampton | 4 | 8 | -50% | $245,000 | $242,142.50 | 1.2% |
| Northfield | 11 | 17 | -35.3% | $242,500 | $206,000 | 17.7% |
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