Is Nokomis, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Nokomis was a Seller's Market.
Key Takeaway
Nokomis is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Nokomis, FL
How much do homes in Nokomis, FL cost?
Median Sold Price
$569,016
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nokomis have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Nokomis was $569,016 in March 2024, down 5.2% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $141K | -17.5% |
| 2 Bedrooms | $451.4K | $454.4K | +0.7% |
| 3 Bedrooms | $627.4K | $599.9K | -4.4% |
| 4 Bedrooms | $719.9K | $671.6K | -6.7% |
| 5+ Bedrooms | $1.1M | $950K | -19.8% |
Summary: Nokomis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.5%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Osprey | $775K | $820K | +5.8% |
| Venice | $468.9K | $469.7K | 0.2% |
| Gulf Gate Estates-Osprey | $499.6K | $477.1K | -4.5% |
| Nokomis | $599.9K | $569K | -5.2% |
Housing Supply in Nokomis, FL
How many homes are available in Nokomis, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 438 | 476 | +8.7% |
Summary: The Nokomis real estate market had 476 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 126 | 129 | +2.4% |
| 3 Bedrooms | 231 | 260 | +12.6% |
| 4 Bedrooms | 57 | 61 | +7.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Nokomis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 72 | +75.6% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nokomis, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Nokomis in March 2024, up by 75.6% month-over-month. Of the 72 sold homes, 67% were sold under asking, 32% were sold at asking, and 1% were sold over asking.
Days on Market for Nokomis, FL
How long does it take to sell a home in Nokomis, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 48 Days | +60.4% |
Summary: Homes in Nokomis had an average of 48 days on market in Mar 2024, up by 60.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nokomis are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 72 homes were sold in Nokomis; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.