Is Vermillion a buyer's or seller's market right now?

Vermillion is currently a buyer's market with 17.5 months of supply. Homes are selling at 99.1% of list price, and 22.2% go pending within two weeks. The Ridley Sell Score for Vermillion is 52/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Vermillion?

The median home price in Vermillion is $277,450, up 24.1% year-over-year. The median price per square foot is $135. Homes sell in a median of 11 days with a sale-to-list ratio of 99.1%.

How much does it cost to sell a home in Vermillion, South Dakota?

On a $277,450 home in Vermillion, a traditional listing agent charges around $8,324 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $22,196 or more. With Ridley Essentials ($999) you save $7,325, and with Ridley Pro ($3,499) you save $4,825 while getting full agent support.

How does Ridley's flat fee compare to a traditional Vermillion agent?

A traditional Vermillion listing agent typically charges 3% of the sale price — about $8,324 on a $277,450 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $7,325–$4,825 compared to a traditional agent.

How long does it take to sell a home in Vermillion?

The median home in Vermillion currently spends 11 days on the market before going under contract. 22.2% of homes go pending within two weeks. At a 99.1% sale-to-list ratio, sellers are getting very close to or above asking price. Only 8.6% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in South Dakota?

No. South Dakota does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $277,450 home, that could save you up to $4,825.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in South Dakota. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $8,324 commission.

National/South Dakota

Vermillion, SD

Is Now a Good Time to Sell in Vermillion, South Dakota?

The median home in Vermillion sells for $277,450 with prices up 24.1% year-over-year. The average seller pays $8,324 in commissions — Ridley’s flat fee saves you $4,825.

Vermillion Real Estate Market Conditions — March 2026

52out of 100

Ridley Sell Score

How it's scored →

Moderate

52/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Vermillion market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Don't count on bidding wars — price to attract offers rather than leave room for negotiation. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors buyers

17.5 months of supply — above the 5-month balanced threshold, giving buyers more options. South Dakota average is 3.4.

Price MomentumFavors sellers

Prices up 24.1% year-over-year — vs. +9.8% statewide.

Seller LeverageNeutral

Homes selling at 99.1% of asking — buyers are negotiating 0.9% below list. South Dakota average is 97.2%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the South Dakota average of 13.7%.

Sale SpeedFavors sellers

11 median days on market — 79 days faster than the South Dakota average.

Market UrgencyNeutral

22.2% of listings go pending within 2 weeks — vs. 13% statewide.

Price StabilityFavors sellers

Only 8.6% of listings have dropped their price — sellers are holding firm. South Dakota average is 12.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$277,450

+24.1%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$135

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

99.1%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

17.5

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Price Drops

Percentage of active listings that had a price reduction.

8.6%

Well-priced market

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

22.2%

Slower pace

12-Month Price Trend

$190,500 → $277,450

▲45.6%

$300K$250K$200K$150K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Vermillion — delivered monthly.

Your savings

How much can you save selling your home in Vermillion?

The average Vermillion homeowner saves $4,825 by selling with Ridley instead of paying the traditional 3% listing commission on a $277,450 home.

$0Estimated savings

That could furnish your new living room — save 1.7% of your home value

Your Vermillion home value

$277,450

$50,000$10M

Traditional Agent (3%)

$8,324

Ridley Pro (flat fee)

$3,499

Ready to sell in Vermillion?

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Cost comparison

How much does it cost to sell a house in Vermillion?

The total cost to sell a house in Vermillion in 2026 ranges from $999 with Ridley Essentials to approximately $8,324 with a traditional 3% commission on a $277,450 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$8,324	$3,499	$999	$0
Buyer agent	$7,7692.8% avg	$5,549~2% avg	$5,549~2% avg	$7,7692.8% avg
Closing costs (~1.5%)	$4,162	$4,162	$4,162	$4,162
Total cost	$20,255	$13,210	$10,710	$11,931
Net proceeds	$257,195	$264,240	$266,740	$265,519
You save	—	$4,825	$7,325	$8,324No support