More homes are hitting the market in Vermillion
The biggest shift in Vermillion right now is inventory. The Real Estate Data Aggregator counted 64 homes for sale in ZIP 57069 in the three months ending August 31, 2026. That is up 120.7% from the same months in 2025. Buyers have more to look at. Sellers have more competition.
This is not just a Vermillion thing. Realtor.com reported that active listings grew to 1.16 million homes for sale nationally, year over year. More supply is showing up everywhere. Vermillion just felt it more than most.
What the numbers say for the three months ending August 31, 2026
Sales actually went up. The Real Estate Data Aggregator counted 39 homes sold in ZIP 57069 in those three months, up 50% from the same period in 2025. So buyers are buying. They are just taking longer to decide. Median days on market hit 51, which is 17 days longer than a year before.
Prices held up, but sellers are getting a little less
The Real Estate Data Aggregator put the median sale price in ZIP 57069 at $280,000, up 2.8% from a year before. That is steady. The Federal Housing Finance Agency reported that U.S. house prices rose 2.6% from July 2025 to July 2026, so Vermillion is right in line with the national pace.
Still, sellers are giving up a little more ground. The Real Estate Data Aggregator shows the average sale price as a share of list price came in at 95.8% in ZIP 57069, down 1 point from a year before. Only 5.1% of homes sold above list price, down 6.4 points from last year. Pricing right from the start matters more than it did.
New listings are up too
The Real Estate Data Aggregator counted 47 new listings in ZIP 57069, up 46.9% from the same months in 2025. Across all four ZIP codes in this market, new listings totaled 51. More homes coming in means the supply clock keeps ticking for sellers.
Realtor.com also noted that 20.8% of listings nationally took a price cut in September, the highest share since October 2022. That is the backdrop buyers and sellers are working in right now.
A quick look across the area
| Vermillion 57069 | Burbank 57010 | Wakonda 57073 | Irene 57037 | |
|---|---|---|---|---|
| Homes sold | 39 | 2 | 2 | 3 |
| Months of supply | 5 | 3.1 | 1.5 | N/A |
| Sale to list price | 95.8% | 93% | 87.8% | 94.2% |
| Sold above list | 5.1% | 0% | 0% | 33.3% |
| Under contract in 2 weeks | 13.8% | 0% | 0% | 50% |
Irene and Wakonda move fewer homes, so their numbers swing more on just one or two sales. Burbank and Vermillion had the most activity. The Real Estate Data Aggregator counted 46 homes sold across all four ZIPs together in those three months.
What this means if you are buying
More supply means more room to compare. The Real Estate Data Aggregator shows 5 months of supply in ZIP 57069. That gives buyers a little more breathing room than a year ago. Homes are sitting about 51 days on average before going under contract.
What this means if you are selling
Homes are still selling. But shoppers have choices now. The Real Estate Data Aggregator shows only 13.8% of homes in ZIP 57069 went under contract within two weeks of listing, down 8.4 points from a year before. Prep and price matter more than they did.
- Inventory in ZIP 57069 more than doubled in a year, per the Real Estate Data Aggregator.
- Prices are up a modest 2.8%.
- Homes are taking longer to sell.
- Buyers have options.
- Sellers need a sharp price and a ready home.
These numbers cover the whole ZIP code. One street can read very differently from the ZIP as a whole. If you want to know what is happening right where you live, send me your address and I will take a look.
Your next step
(605) 677-9006Text me your address and I will send back how your Vermillion home compares to what actually sold nearby in the three months ending August 31, 2026. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 57069, 57010, 57073 and 57037, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: U.S. Home Prices Ticked Up 0.25% in September, Oct 20, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years, Oct 15, 2026
- CNBC: Trump's executive order targets mortgage insurance, refinance costs. What it means for borrowers, Oct 23, 2026