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.
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
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
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
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.