Is Nokomis Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nokomis Township is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Nokomis Township was a Seller's Market.

Key Takeaway

Nokomis Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Nokomis Township, IL

How much do homes in Nokomis Township, IL cost?

Median Sold Price

$76,000

$54/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$27,500(+56.7%)

Key Takeaway

Homes in Nokomis Township have sold for 56.7% more than they did a year ago.

Summary: The median home sold price in Nokomis Township was $76,000 in December 2024, up 56.7% from last year, and the median price per square foot was $54.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $29.5K-
N/A
2 $40.2K$69K
+71.4%
3 $58.2K$83.8K
+43.9%
4 $83K$79.9K
-3.7%
5+ $121.3K$110K
-9.3%

Summary: Nokomis Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 43.9%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Cities

Nokomis Township
+56.7%
Nokomis
+56.7%

Housing Supply in Nokomis Township, IL

How many homes are available in Nokomis Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
58+60.0%

Summary: The Nokomis Township real estate market had 8 homes for sale in December 2024, a 60.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 24
+100.0%
5+ 00
0.0%

Summary: The Nokomis Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Nokomis Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Nokomis Township in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% 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

Dec 2023Dec 2024CHANGE
64 Days6 Days-90.6%

Summary: Homes in Nokomis Township had an average of 6 days on market in Dec 2024, down by 90.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times100%

Key Takeaway

Many homes in Nokomis Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Nokomis Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

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