More homes hit the market in Vermillion, and buyers have more room
The biggest shift in Vermillion right now is inventory. The Real Estate Data Aggregator counted 64 homes for sale in ZIP 57069 for the three months ending August 31, 2026. That is up 120.7% from the same period a year before. More choices for buyers means sellers have to work a little harder to stand out.
Nationally, Realtor.com reported active listings grew to 1.16 million homes for sale. Vermillion is moving in the same direction. That is not a bad thing. It just means the market is more balanced than it was.
Homes are taking longer to sell
The Real Estate Data Aggregator put the median days on market in ZIP 57069 at 51 days for the three months ending August 31, 2026. That is 17 days longer than the same stretch in 2025. Not every home is sitting, but the average buyer is taking more time.
Prices are still moving up, just not as fast
The Real Estate Data Aggregator put the median sale price in ZIP 57069 at $280,000 for the three months ending August 31, 2026. That is up 2.8% from the same period in 2025. Prices dipped a little nationally: CNBC reported the median U.S. home sale price fell 0.1% year over year in October. Vermillion held its own.
The Federal Housing Finance Agency reported U.S. house prices rose 2.4% from August 2025 to August 2026. Vermillion's 2.8% gain is right in that range.
Sellers are getting a little less than list
The Real Estate Data Aggregator found that homes in ZIP 57069 sold for 95.8% of list price on average. That is down 1 point from a year ago. Only 5.1% of homes sold above list, down 6.4 points. Bidding wars are rare right now.
Realtor.com reported that price cuts hit 20.8% of listings nationally in September 2026, the highest share since October 2022. That is the backdrop sellers here are working against. Pricing right from day one matters more than it did last year.
More homes sold than a year ago
The Real Estate Data Aggregator counted 39 homes sold in ZIP 57069 for the three months ending August 31, 2026. That is up 50% from the same period in 2025. Across all four ZIPs in the Vermillion area, the Real Estate Data Aggregator counted 46 homes sold and 51 new listings in the same period.
A quick look across the area
Irene (ZIP 57037) is a small sample, but the Real Estate Data Aggregator found that 50% of its homes went under contract within two weeks of listing. That compares with 13.8% in Vermillion proper. Small towns can move fast or slow. The numbers shift a lot when only a few homes sell.
| 57069 Vermillion | 57010 Burbank | 57073 Wakonda | 57037 Irene | |
|---|---|---|---|---|
| Homes sold | 39 | 2 | 2 | 3 |
| Months of supply | 5 | 3.1 | 1.5 | N/A |
| Sale to list | 95.8% | 93% | 87.8% | 94.2% |
| Under contract in 2 weeks | 13.8% | 0% | 0% | 50% |
What this means if you are buying
The Real Estate Data Aggregator shows 5 months of supply in ZIP 57069. That gives buyers more time and more options than a year ago. Realtor.com reported mortgage rates topped 7% for the first time since January 2025. That is a real cost to weigh.
What this means if you are selling
Homes are taking a median of 51 days to sell in ZIP 57069, per the Real Estate Data Aggregator. Only 13.8% went under contract within two weeks. Prep and pricing matter more now. A home priced well can still sell. It just takes more patience than it did in 2025.
- Vermillion has more homes for sale, slower days on market and prices that are still edging up.
- The Real Estate Data Aggregator counted 64 homes for sale in ZIP 57069, up 120.7% year over year, with a median sale price of $280,000 for the three months ending August 31, 2026. Buyers have room.
- Sellers need a sharp price.
One more thing: these numbers cover full ZIP codes. One street, one block or one neighborhood 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 closer look.
Your next step
(605) 677-9006Text me your address and I will send back how your Vermillion home compares with 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 August; Up 2.4 Percent from Last Year | FHFA, Oct 27, 2026
- Redfin: U.S. Home-Sale Prices Just Fell for the First Time in 3 Years, Oct 29, 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: Home prices fall and rents rise, both for the first time in three years, Oct 29, 2026