Comprehensive market data and analysis• Updated Dec 2025
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 3 | 6 |
| 1-2 acres | - | 1 | 2 | 2 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 2 | 2 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 4 | 7 | 10 |
Acreage buckets
The median price for land in Vermillion, South Dakota is currently $113K per acre. For a typical parcel, the median sale price is $33K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $29K while premium lots reached $166K.
Vermillion, South Dakota is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Vermillion, South Dakota currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 28 active listings in Vermillion, South Dakota. 2 new listings have hit the market in the last 90 days. The median asking price is $35K.
The current absorption rate in Vermillion, South Dakota is 4.8% (3-month basis), indicating slow demand. The top-performing broker in this market is Dakota Realty.
Over the past 12 months, Vermillion, South Dakota saw 10 properties sold, totaling $1.2M in sales volume. In just the last 3 months, 4 properties changed hands.
The median land price in Vermillion, South Dakota stands at $33K. This translates to roughly $113K per acre for the typical parcel size. The average price is $125K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
