Vermillion, MN Foreclosures
How much do homes sell for in Vermillion, MN?
The average home price is currently $352,386.
In Vermillion, MN, how many homes are available?
There are currently 31 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 $668,807.
What is currently the cheapest priced home in Vermillion, MN?
The cheapest home for sale in Vermillion is priced at $171,105.
Living in Vermillion, MN
Vermillion, MN is a charming small town located in Dakota County, known for its community feel and beautiful natural surroundings. With a mix of outdoor activities and local amenities, residents enjoy a peaceful lifestyle with easy access to the Twin Cities. The area boasts good schools and a friendly atmosphere, making it an attractive choice for families and retirees alike.
Current Market Conditions in Vermillion, MN
Real estate in Vermillion has experienced stable growth over the past year, driven by the area's attractive rural lifestyle and its proximity to larger metropolitan areas. The demand for homes has increased as more buyers are looking for properties that offer space and tranquility, making Vermillion an appealing choice for those relocating from urban centers.
Currently, the market conditions are favorable for sellers, with inventory levels remaining low. The average days on market for homes has decreased, indicating strong buyer interest. However, buyers should note that prices have been steadily rising due to increased demand.
Home Value Estimator For Vermillion, MN
There are currently 152 real estate properties
in Vermillion, MN,
with a median automated valuation model (AVM) price
of $344,448.00. 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 $352,386.00, with the most expensive house
in Vermillion, MN, topping out
at $668,807.00 and the cheapest home
in Vermillion, MN,
clocking in at $171,105.00. 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
