Neighbourhood Market Intelligence
Vermilion
Town of Vermilion, Alberta · November 2026
Prepared by Jordan Bird | LPT Realty · Data updated 1 November 2026 · Source Pillar 9 MLS® (Matrix)
Reporting period 1 November 2024 – 1 November 2026 · Dataset 24-month dataset, 161 sales · 204 listings in total
Market Pulse
Strong Buyer
Buyer
Balanced
Seller
Strong Seller
Seller Advantage
Based on 18 active listings against 81 sales in the past 12 months (2.7 months of supply), 24 of 185 listings failing to sell (13%), a median sale at 95.5% of asking and a median of 40 days on market.
Market Pulse is an interpretation of neighbourhood MLS® activity, not an official MLS® classification.
What changed this year
80 → 81
Sales volume
81 homes sold in the past twelve months against 80 in the twelve before. Median time to sell went from 41 days to 38.
+2.3%
Median sale price
$239,500 to $245,000. Median above-grade size of homes sold moved from 1,160 to 1,120 sq ft, and price per square foot from $205.11 to $205.37 — check the size shift before reading the headline as appreciation.
15 → 9
Listings that failed to sell
Expired, withdrawn or terminated listings went from 15 in the prior twelve months to 9 in the past twelve.
Jordan's read on the market
Vermilion is the healthiest market on this list by the measures that matter to a seller. Of 185 listings resolved in two years, only 24 failed — a 13% failure rate, the lowest of any town here. The median home sold in 40 days at 95.5% of asking, and inventory sits at about 2.7 months of supply.
Prices have been stable rather than rising: the 12-month median is $245,000 against $239,500 the year before, on slightly smaller homes. Price per above-grade square foot was unchanged at roughly $205. This is a market where a correctly priced home sells; it is not a market where overpricing gets rescued by appreciation.
Vermilion has an unusually large stock of pre-1960 housing — 44 of the 161 sales — selling at a median of $161,500. The 52 homes from the 1960s and 70s sat at a median of about $262,000 and the 28 from the 1980s and 90s at $309,000. The 18 homes listed today range from under $100,000 to a $1.4 million acreage, so the active median of $255,400 says less than usual.
What homes sold for
Two years in review
| Measure | Past 12 months | Prior 12 months | Change |
|---|---|---|---|
| Homes sold | 81 | 80 | +1.2% |
| Median sold price | $245,000 | $239,500 | +2.3% |
| Median price per sq ft | $205.37 | $205.11 | +0.1% |
| Median days on market | 38 | 41 | -3 days |
| Average days on market | 68 | 83 | −18.3% |
| Listings that failed to sell | 9 | 15 | -6 |
| Median home size sold | 1,120 sq ft | 1,160 sq ft | −3.5% |
Sales by home type
| Type | Sold (24 mo) | Median price | Median $/sq ft | Median days |
|---|---|---|---|---|
| Bungalow | 93 | $245,000 | $219.69 | 37 |
| 1.5 / 2 storey | 19 | $195,000 | $143.13 | 71 |
| Apartment / townhouse | 15 | $176,500 | $196.36 | 28 |
| Split level | 11 | $305,000 | $251.32 | 57 |
| Mobile / modular | 10 | $81,500 | $81.63 | 81 |
| Bi-level | 8 | $306,000 | $266.38 | 38 |
| Acreage | 4 | $345,750 | $279.77 | 118 |
| All other types | 1 | — | — | — |
All 161 sales over 24 months. Types with fewer than three sales are grouped. Acreage sales include land value and are not comparable per square foot.
Sales by year built
| Built | Sold (24 mo) | Median price | Median $/sq ft | Median days |
|---|---|---|---|---|
| Pre-1960 | 44 | $161,500 | $176.75 | 42 |
| 1960–1979 | 52 | $261,812 | $231.27 | 43 |
| 1980–1999 | 28 | $309,000 | $238.66 | 48 |
| 2000–2009 | 24 | $245,000 | $205.11 | 32 |
| 2010 or newer | 12 | $212,500 | $199.34 | 24 |
Homes with a recorded year built; bands with fewer than three sales omitted.
Where the supply is — and isn't
| Price band | Sold in 24 months | For sale today | Months of supply |
|---|---|---|---|
| Under $200k | 59 | 3 | 1.2 |
| $200–299k | 58 | 8 | 3.3 |
| $300–399k | 24 | 5 | 5.0 |
| $400–499k | 14 | 0 | none listed |
| $500k+ | 6 | 2 | 8.0 |
Months of supply here uses the 24-month sales pace within each band to smooth out small counts.
How long homes took to sell
Median 40 days, average 76. 37% of sales needed two months or more.
What the failed listings say
Over the past two years, 24 Vermilion listings came off the market unsold — expired, withdrawn or terminated — against 161 that sold. That is a 13% failure rate. Those listings asked a median of $252,400 and sat a median of 108 days before giving up; the median home that sold closed at $242,000.
The sale-to-list ratio is measured against the final asking price, after any reductions, so it flatters listings that started high and came down. In a market this size, the first price is the one that decides whether a home sells at all.
Where inventory sits vs. where buyers are
What could your home be worth?
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Town-level statistics establish context; they cannot value a specific property. In smaller communities a single sale can move the median, and two homes on the same street routinely sell tens of thousands apart.
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Jordan Bird | LPT Realty · jordanbird.ca · 17 years serving clients in real estate · Licensed in Alberta & Saskatchewan
Prepared by Jordan Bird | LPT Realty using Pillar 9 MLS® data believed to be reliable at the time of preparation. Community statistics provide general market context and are not a formal appraisal or property-specific valuation. Small-sample figures are shown for completeness and should be read as directional. Individual values vary with location, condition, size, improvements and timing. Not intended to solicit properties currently listed for sale.
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