Market Intelligence Report — SD-820

Vermillion, SD

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-SD-08
As of the latest 2026 data
Very Weak

Median Listing

$339K
+6.2% YoY

Pending Ratio

0.07
-7.5% YoY

Active Inventory

59
+68.6% YoY

Median DOM

73 Days
+57.6% YoY

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The Vermillion, SD, market currently registers as Very Weak, primarily due to a pending ratio of 0.07, indicating exceptionally low demand absorption relative to available inventory. Active listings have expanded significantly year-over-year, rising by 68.6%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Vermillion market right now.

Active listings in Vermillion, SD, have seen substantial growth over the past year, increasing by 68.6%, while new listings also rose by 33.3%. Despite these supply increases, the median listing price experienced a 6.2% year-over-year increase, though it declined by 2.5% in the most recent month. The pending ratio has markedly compressed year-over-year, dropping by 7.5%, underscoring a deceleration in transactional activity. Properties are spending considerably more time on the market, with median days on market up 57.6% over the past year.

Historical Analysis

Market Trends

Median Price

$339K-2.5% MoM

Active Inventory

59+68.6% YoY

Days on Market

73+57.6% YoY

Sold Score™

12-7.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

12
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.07, inventory levels are substantially elevated relative to demand, placing pressure on the pace of transactions. This environment suggests that properties are taking longer to move, and price discipline from sellers is likely to be a significant factor in securing successful transactions. The expansion of active listings suggests ample choice, which typically extends the negotiation period.

Luxury Segment

The average listing price has declined by 4.5% year-over-year, contrasting with a 6.2% increase in the median listing price, and the median $/sqft saw a modest 2.8% increase. This divergence, where the average price falls while the median rises, suggests some softness in the higher price tiers of the market.

Supply Dynamics

59 active listings represent the current floor, with new supply arriving at roughly 16 per month.

Pricing Pressure
18.4%

of active listings carry a price reduction, -3.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.8% year-over-year.

Absorption
0.07

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Vermillion, SD? Homes here are taking 27 days longer to sell than last year.

Buyers have leverage in Vermillion, SD. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
7%
Median Days on Market
73 days
Inventory YoY
+69%

In a buyer's market, strategy beats timing. See how your home scores in Vermillion, SD and what moves the number.

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Metro Demographics

Metro Area
Vermillion, SD
CBSA Code
46820
State
SD
Analysis FAQ
  • What is the current market condition in Vermillion?+

    As of the latest 2026 data, the Vermillion metro is classified as Very Weak. Pending ratio is 0.07 with median days on market at 73.

  • Are home prices dropping in Vermillion?+

    Median listing price is $339K, +6.2% year over year. 18.4% of active listings carry a price reduction.

  • How fast are homes selling in Vermillion?+

    The typical listing sits 73 days on market, a +57.6% change YoY. New listings are arriving at 16 per month.

  • What's happening in the Vermillion luxury market?+

    The average listing price has declined by 4.5% year-over-year, contrasting with a 6.2% increase in the median listing price, and the median $/sqft saw a modest 2.8% increase. This divergence, where the average price falls while the median rises, suggests some softness in the higher price tiers of the market.

  • Where can I find a trusted Vermillion real estate expert?+

    Primpted maintains a vetted registry of Vermillion agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 46820 · 36mo history