Is Nokomis, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nokomis is a neutral'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

-$30,950(-5.2%)

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

# BEDSMar 2023Mar 2024CHANGE
1 $171K$141K
-17.5%
2 $451.4K$454.4K
+0.7%
3 $627.4K$599.9K
-4.4%
4 $719.9K$671.6K
-6.7%
5+ $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
+5.8%
Venice
0.2%
Gulf Gate Estates-Osprey
-4.5%
Nokomis
-5.2%

Housing Supply in Nokomis, FL

How many homes are available in Nokomis, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
438476+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

# BEDSFeb 2024Mar 2024CHANGE
1 1213
+8.3%
2 126129
+2.4%
3 231260
+12.6%
4 5761
+7.0%
5+ 1213
+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 2024Mar 2024CHANGE
4172+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

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
30 Days48 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Nokomis, FL

Nearby Markets to Nokomis, FL

What housing markets are near Nokomis, FL?