Home Values

Nokomis Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$274,700

  • 8.6% 1-year change
  • -0.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Nokomis is $274,700. Nokomis home values have gone up 8.6% over the past year and Zillow predicts they will fall -0.2% within the next year. The median list price per square foot in Nokomis is $170, which is higher than the Sarasota Metro average of $147. The median price of homes currently listed in Nokomis is $355,000 while the median price of homes that sold is $252,750. The median rent price in Nokomis is $2,800, which is higher than the Sarasota Metro median of $2,150.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Nokomis is 15.7%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Nokomis homeowners underwater on their mortgage is 9.9%, which is lower than Sarasota Metro at 15.6%.

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Relative ZHVI
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Nokomis Market Overview

Data through Dec 31, 2014
  • $274,700 ZHVI
  • -0.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $355,000 Median listing price
  • $252,750 Median sale price
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Nokomis Market Health

Data through Dec 31, 2014
  • 4.6/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 9.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 15.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Osprey $408,200
Bee Ridge $205,700
Venice $199,100
Name Median ZHVI
Vamo $194,100
Lake Sarasota $182,600
South Gate Ridge $169,600
Name Median ZHVI
Gulf Gate Estates $168,700
Sarasota Springs $154,300
Ridge Wood Heights $152,600

Listings & Sales

Data through Dec 31, 2014
  • $170 Median list price / sq ft
  • $146 Median sale price / sq ft
  • 9.7% Listings with price cut
21.8%
Sold below listing
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Nokomis Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,813 Sarasota Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,800 Rent list price
  • No data Rent list price / sq ft
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