Market Intelligence Report — SD-820

Vermillion, SD

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

Ref. No: 2026-SD-05
As of the latest 2026 data
Very Weak

Median Listing

$367K
+18.6% YoY

Pending Ratio

0.08
-20.6% YoY

Active Inventory

50
+78.6% YoY

Median DOM

51 Days
+14.6% YoY

Primary Intelligence Tool — Sold Score™

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The Vermillion market exhibits very weak conditions, as indicated by a pending ratio of 0.08, reflecting severely lagging demand absorption relative to available supply. Active listings have also seen a substantial increase of 78.6% year-over-year.

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 increased significantly by 78.6% over the past year, while new listings also rose by 50.0% year-over-year. Despite these inventory increases, the median listing price still posted an 18.6% year-over-year gain, although it experienced a month-over-month decline of 3.3%. The pending ratio has decreased by 20.6% year-over-year, alongside a 14.6% increase in median days on market over the same period.

Historical Analysis

Market Trends

Median Price

$367K-3.3% MoM

Active Inventory

50+78.6% YoY

Days on Market

51+14.6% YoY

Sold Score™

15-20.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

15
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 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

In this environment, demand absorption is severely lagging the available supply, placing considerable pressure on pricing discipline. The extended median days on market and low pending ratio suggest that properties are moving slowly, allowing for protracted negotiations. Listing agents are likely navigating a market where inventory overhang reduces the urgency for rapid commitments.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

50 active listings represent the current floor, with new supply arriving at roughly 12 per month.

Pricing Pressure
18.2%

of active listings carry a price reduction, -15.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +11.8% year-over-year.

Absorption
0.08

Pending-to-active ratio — Very Weak.

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Metro Demographics

Metro Area
Vermillion, SD
CBSA Code
46820
State
SD