Market Intelligence Report — SD-820

Vermillion, SD

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

Ref. No: 2026-SD-09
As of the latest 2026 data
Very Weak

Median Listing

$331K
-0.9% YoY

Pending Ratio

0.07
-14.0% YoY

Active Inventory

58
+73.1% YoY

Median DOM

66 Days
+10.5% YoY

Primary Intelligence Tool — Sold Score™

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The Vermillion, SD, market currently demonstrates very weak demand absorption relative to supply, with a pending ratio of 0.07. This metric indicates a significant imbalance where demand is severely lagging available inventory. Active listings have expanded substantially, increasing by 73.1% year-over-year, further contributing to the market's softness.

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 over the past year, rising by 73.1%, while new listing volume contracted by 14.3% year-over-year. The median listing price has observed a slight year-over-year decrease of 0.9%, despite a month-over-month decline of 2.6%. The absorption of available properties is notably slow, as evidenced by the pending ratio of 0.07, which represents a 14.0% contraction year-over-year.

Historical Analysis

Market Trends

Median Price

$331K-2.6% MoM

Active Inventory

58+73.1% YoY

Days on Market

66+10.5% YoY

Sold Score™

19-14.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

19
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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, properties are experiencing extended periods on market, with the median days on market at 66. The low pending ratio indicates that buyers have significant leverage, and the pace of transactions is markedly slow. Sustained price discipline from sellers will be crucial to align with prevailing demand and facilitate transaction activity, given the considerable inventory pressure.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

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

Pricing Pressure
15.9%

of active listings carry a price reduction, +4.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +10.2% 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 6 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
66 days
Inventory YoY
+73%

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