From January through June of 2020, there were two homes sold, with a median sale price of $220,000 - a 9.4% decrease over the $242,875 median sale price for the same period of the previous year. There were six homes sold in Vermillion in the first half of 2019.
The median sales tax in Vermillion for the most recent year with available data, 2019, was $2,654, approximately 1.2% of the median home sale price for the first half of 2020.
The following table compares Vermillion to other Dakota County cities with similar median sales prices in the first half of 2020:
| City | Jan. - June 2020 Home Sales | Jan. - June 2019 Home Sales | % change (Total Home Sales) | Jan. - June 2020 Median Sales Price | Jan. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Farmington | 173 | 245 | -29.4% | $281,500 | $256,000 | 10% |
| Empire | 18 | 17 | 5.9% | $275,250 | $310,000 | -11.2% |
| Apple Valley | 353 | 437 | -19.2% | $270,000 | $263,900 | 2.3% |
| Castle Rock | 3 | 4 | -25% | $264,000 | $312,200 | -15.4% |
| Waterford | 1 | 2 | -50% | $260,000 | $302,624 | -14.1% |
| Hastings | 161 | 203 | -20.7% | $250,000 | $229,400 | 9% |
| Inver Grove Heights | 154 | 216 | -28.7% | $240,000 | $249,950 | -4% |
| West St. Paul | 97 | 150 | -35.3% | $239,900 | $220,250 | 8.9% |
| Vermillion | 2 | 6 | -66.7% | $220,000 | $242,875 | -9.4% |
| South St. Paul | 131 | 195 | -32.8% | $219,900 | $217,000 | 1.3% |
| Hampton | 3 | 5 | -40% | $150,000 | $261,000 | -42.5% |
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