Market Intelligence Report — SD-820

Vermillion, SD

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

Ref. No: 2026-SD-07
As of the latest 2026 data
Very Weak

Median Listing

$348K
+13.3% YoY

Pending Ratio

0.09
-11.7% YoY

Active Inventory

56
+64.7% YoY

Median DOM

74 Days
+28.8% YoY

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The Vermillion market exhibits "Very Weak" conditions, as evidenced by a pending ratio of 0.09. This low demand absorption is occurring amidst a significant increase in available inventory.

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 have expanded considerably, with a 64.7% increase over the past year. Concurrently, the pending ratio has declined by 11.7% year-over-year, indicating a substantial deceleration in demand absorption. The median listing price has appreciated by 13.3% over the past year, while the average listing price shows a 9.3% increase in the same period, even as the median listing price experienced a 2.3% month-over-month contraction.

Historical Analysis

Market Trends

Median Price

$348K-2.3% MoM

Active Inventory

56+64.7% YoY

Days on Market

74+28.8% YoY

Sold Score™

8-11.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

8
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 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

Current market dynamics suggest a significantly extended time horizon for property absorption. With a pending ratio of 0.09, demand is severely lagging supply, placing considerable pressure on pricing discipline. The rapid expansion of active listings further complicates the sales pace, necessitating strategic adjustments to attract offers.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

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

Pricing Pressure
24.4%

of active listings carry a price reduction, +4.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +6.2% year-over-year.

Absorption
0.09

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Vermillion, SD? Homes here are taking 17 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
9%
Median Days on Market
74 days
Inventory YoY
+65%

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