Is Nokomis Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Nokomis Township has remained a Seller's Market.
Key Takeaway
Nokomis Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nokomis Township, IL
How much do homes in Nokomis Township, IL cost?
Median Sold Price
$59,200
$43/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nokomis Township have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Nokomis Township was $59,200 in May 2024, down 1.3% from last year, and the median price per square foot was $43.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $21.7K | - | N/A |
| 2 Bedrooms | $58.3K | $33K | -43.4% |
| 3 Bedrooms | $71.2K | $63K | -11.6% |
| 4 Bedrooms | $91.5K | $100K | +9.3% |
| 5+ Bedrooms | $40K | $121.3K | +203.3% |
Summary: Nokomis Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43.4%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 203.3%.
Median Sold Price Compared To Nearby Cities
| Nokomis | $59.5K | $59.2K | -0.5% |
| Nokomis Township | $60K | $59.2K | -1.3% |
| Witt | $48K | $38.4K | -19.9% |
Housing Supply in Nokomis Township, IL
How many homes are available in Nokomis Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Nokomis Township real estate market had 9 homes for sale in May 2024, a 18.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nokomis Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nokomis Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Nokomis Township in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Nokomis Township, IL
How long does it take to sell a home in Nokomis Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 219 Days | 101 Days | -53.5% |
Summary: Homes in Nokomis Township had an average of 101 days on market in May 2024, down by 53.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Nokomis Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 4 homes were sold in Nokomis Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.