Is Nokomis, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$550,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Nokomis have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in Nokomis was $550,000 in June 2024, down 5.8% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $142K | -8.4% |
| 2 Bedrooms | $479.9K | $450K | -6.2% |
| 3 Bedrooms | $602.2K | $587.8K | -2.4% |
| 4 Bedrooms | $685K | $692.6K | +1.1% |
| 5+ Bedrooms | $739.3K | $1.1M | +56.2% |
Summary: Nokomis housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 56.2%.
Median Sold Price Compared To Nearby Cities
| Osprey | $765K | $820K | +7.2% |
| Gulf Gate Estates-Osprey | $473.9K | $499.9K | +5.5% |
| Venice | $468.8K | $463.5K | -1.1% |
| Nokomis | $584K | $550K | -5.8% |
Housing Supply in Nokomis, FL
How many homes are available in Nokomis, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 413 | 407 | -1.5% |
Summary: The Nokomis real estate market had 407 homes for sale in June 2024, a 1.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 102 | 102 | 0.0% |
| 3 Bedrooms | 228 | 215 | -5.7% |
| 4 Bedrooms | 62 | 71 | +14.5% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Nokomis housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 88 | 67 | -23.9% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nokomis, you may be able to get a good deal. 77.6% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Nokomis in June 2024, down by 23.9% month-over-month. Of the 67 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 53 Days | 64 Days | +21.6% |
Summary: Homes in Nokomis had an average of 64 days on market in Jun 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
18 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 June 2024, 67 homes were sold in Nokomis; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.