Is Nokomis Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$45/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Nokomis Township was $59,200 in March 2024, down 4.1% from last year, and the median price per square foot was $45.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $29.5K | $13.9K | -52.9% |
2 Bedrooms | $42.5K | $38K | -10.6% |
3 Bedrooms | $79K | $64.5K | -18.4% |
4 Bedrooms | $100.7K | $110.5K | +9.7% |
5+ Bedrooms | $40K | $121.3K | +203.3% |
Summary: Nokomis Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.9%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 203.3%.
Median Sold Price Compared To Nearby Cities
Nokomis | $59.5K | $59.2K | -0.5% |
Nokomis Township | $61.7K | $59.2K | -4.1% |
Housing Supply in Nokomis Township, IL
How many homes are available in Nokomis Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Summary: The Nokomis Township real estate market had 11 homes for sale in March 2024, a 8.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nokomis Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Nokomis Township in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 67 Days | +179.2% |
Summary: Homes in Nokomis Township had an average of 67 days on market in Mar 2024, up by 179.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Nokomis Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.