Nokomis, IL Home Values & Market Trends

Real estate market trends reflect that there have been 57 transactions over the past year in Nokomis. The median value for residential home transactions that occurred over the previous year is $60,694.27. The number of current listings in Nokomis is 7, and the percentage of properties for sale in the city is 7.00%. Nokomis, IL currently has 6 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 7 properties for sale.

Nokomis, IL Real Estate Market Overview

ZipMedian Est. Value
62075

$ 44,954

$ 38/sqft

Housing Market Summary for Nokomis, IL

Apr 2023March 2024Change
Median Listing Price$119.9K$45,990.5-61.64%
Median Sold Price$58,000$45,990.5-20.71%
Homes For Sale37133.33%
Homes Sold333815.15%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Nokomis, IL

Nokomis home values range from $8,580 to $370,800. The median estimated value of a home in Nokomis is $60,694.27. The median list price of a home is 72,500, and the total count of properties in the city is 1,321.

Foreclosure
There is 1 zips within Nokomis, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $100,410 in 62075 to the lowest value of $13,230 in 62075. Foreclosure homes account for 0.00% of properties in Nokomis, IL with 62075 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.38% of all residential properties in Nokomis, IL with 62075 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Nokomis, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $90,240 in 62075 to the lowest home value of $13,230 in 62075.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Nokomis, IL ranges from the highest value of $100,410 in 62075 to the lowest value of $100,410 in 62075. Bank owned homes and properties account for 0.08% of properties in Nokomis, IL. There is 1 zips within Nokomis, IL; 62075 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Nokomis, IL. Auction homes and other auction properties account for 0% of all properties in Nokomis, IL. There is 1 zips within Nokomis, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.53% of residential properties in Nokomis, IL with 62075 containing 7 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Nokomis, IL; homes for sale in that zips, have a range of median values from $147,500 in 62075 to the lowest value of $13,230 in 62075.
    Sold Homes
    The median value for recently sold homes ranges from $146,713 in 62075 to the lowest price of $11,400 in 62075. There is 1 zips within Nokomis, IL. 62075 has 40 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.03% of properties in Nokomis, IL.

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      Guide for Nokomis, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.