Vermillion, MN Foreclosures
Current Market Conditions in in Vermillion, MN As of February 2026?
Over the past month, the Vermillion real estate market has experienced a slight uptick in home sales, with a few properties going under contract significantly faster than they had in previous months. Buyers appear more eager to take advantage of current interest rates before any potential increases, contributing to heightened activity and raising the median home price slightly. The inventory remains tight, and homes are frequently receiving multiple offers, indicating continued demand.
How much do homes sell for in Vermillion, MN?
The average home price is currently $347,285.
In Vermillion, MN, how many homes are available?
There are currently 1 active home listings available in Vermillion.
What’s the average rental cost in Vermillion, MN?
The average rental price in Vermillion is $1,772.
What is the most expensive home in Vermillion?
The most expensive home sold in Vermillion had a price of $649,105.
What is currently the cheapest priced home in Vermillion, MN?
The cheapest home for sale in Vermillion is priced at $146,483.
Living in Vermillion, MN
Vermillion, MN is a quaint riverside town known for its scenic beauty and tight-knit community. With abundant outdoor recreational opportunities, quality schools, and a peaceful ambiance, it offers a perfect blend of rural life and modern conveniences. Residents embrace a lifestyle that's rich in nature and community spirit.
Buyer vs Seller Market in Vermillion, MN
The current real estate market in Vermillion has seen a steady increase in demand, with more buyers drawn to the area for its appealing lifestyle and accessibility to outdoor activities. The inventory levels have remained relatively low, resulting in competitive bidding for desirable properties, particularly those near the river.
New construction and renovation projects are on the rise as families looking for more space are attracted to the area. This trend indicates a growing interest in Vermillion, making it a vibrant spot for real estate investments.
Home Value Estimator For Vermillion, MN
There are currently 155 real estate properties
in Vermillion, MN,
with a median automated valuation model (AVM) price
of $340,278.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Vermillion, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Vermillion, MN,
is $347,285.00, with the most expensive house
in Vermillion, MN, topping out
at $649,105.00 and the cheapest home
in Vermillion, MN,
clocking in at $146,483.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Vermillion, MN!
Rent Prices
In Vermillion, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Vermillion, MN, is on
a rollercoaster ride. The
average rent price in Vermillion, MN,
is $1,772.00. Indeed, when looking to rent in
Vermillion, MN, you can expect to pay as little
as $1,180.00 or as much
as $2,820.00,
with the average rent median estimated to
be $1,740.00. The good news is that finding
an affordable and desirable property to rent in Vermillion, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
