From January through December of 2020, there were 10 homes sold, with a median sale price of $283,500 - a 8.7% increase over the $260,750 median sale price for the previous year. There were 11 homes sold in Vermillion in 2019.
The median sales tax in Vermillion for the most recent year with available data, 2019, was $2,654, approximately 0.9% of the median home sale price for 2020.
The following table compares Vermillion to other Dakota County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rosemount | 317 | 433 | -26.8% | $313,000 | $280,000 | 11.8% |
| Eagan | 740 | 1,050 | -29.5% | $307,500 | $295,000 | 4.2% |
| Burnsville | 742 | 908 | -18.3% | $295,000 | $269,900 | 9.3% |
| Empire | 43 | 33 | 30.3% | $290,000 | $310,000 | -6.5% |
| Farmington | 389 | 509 | -23.6% | $289,900 | $262,500 | 10.4% |
| Vermillion | 10 | 11 | -9.1% | $283,500 | $260,750 | 8.7% |
| Apple Valley | 739 | 941 | -21.5% | $270,000 | $270,000 | 0% |
| Castle Rock | 11 | 8 | 37.5% | $268,000 | $292,500 | -8.4% |
| Hampton | 26 | 16 | 62.5% | $250,250 | $272,500 | -8.2% |
| Inver Grove Heights | 358 | 460 | -22.2% | $250,000 | $250,000 | 0% |
| Hastings | 356 | 452 | -21.2% | $250,000 | $235,000 | 6.4% |
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