Is Nokomis, FL 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 has remained a Seller's Market.
Key Takeaway
Nokomis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nokomis, FL
How much do homes in Nokomis, FL cost?
Median Sold Price
$556,490
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nokomis have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Nokomis was $556,490 in May 2024, down 4.7% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $141K | -17.5% |
| 2 Bedrooms | $465K | $450K | -3.2% |
| 3 Bedrooms | $610K | $585.8K | -4.0% |
| 4 Bedrooms | $702.3K | $692K | -1.5% |
| 5+ Bedrooms | $785K | $1.0M | +35.7% |
Summary: Nokomis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.5%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 35.7%.
Median Sold Price Compared To Nearby Cities
| Osprey | $757.5K | $825K | +8.9% |
| Gulf Gate Estates-Osprey | $478K | $495.3K | +3.6% |
| Venice | $466.7K | $469.2K | 0.5% |
| Nokomis | $584K | $556.4K | -4.7% |
Housing Supply in Nokomis, FL
How many homes are available in Nokomis, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 473 | 420 | -11.2% |
Summary: The Nokomis real estate market had 420 homes for sale in May 2024, a 11.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 116 | 110 | -5.2% |
| 3 Bedrooms | 262 | 229 | -12.6% |
| 4 Bedrooms | 75 | 60 | -20.0% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Nokomis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 84 | -16.0% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nokomis, you may be able to get a good deal. 77.4% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in Nokomis in May 2024, down by 16.0% month-over-month. Of the 84 sold homes, 77% were sold under asking, 19% were sold at asking, and 4% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 67 Days | +69.2% |
Summary: Homes in Nokomis had an average of 67 days on market in May 2024, up by 69.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nokomis has remained consistent over time.
Summary: During May 2024, 84 homes were sold in Nokomis; 35% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 25% 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.