Nome Property Sales Overview
The median property value in Nome for December is $526,988.
Houses have increased by 1.72% for the month and decreased 0% for the year.
Rental demand is up with yields the same in February to 5.44%, from 5.44% in January.
The number of properties sold this quarter is down on last quarter from 8 to 0. This is down on the 5 year quarterly average of 13 indicating weaker demand.
What's the median House price in Nome in December 2021?
The median property value for houses in Nome is $526,988.
This is an increase of 1.72% ($518,068) from last month.
How much does it cost to rent a House in Nome?
Rent prices in Nome are the highest they've been in 12 months at $436.
This is up 10.10% from a 12 month low of $396 in March 2021 and a 0.69% up from last month.
What's the current rental yield in Nome?
Rental yields for houses in Nome is 5.44%.
This is up from a 12 month low of 5.34% in October 2021 and down from a 12 month high of 5.58% in January 2021.
How many properties sold in Nome in February?
Total sales volume in Nome is 0, which is down from 8 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q4 2019 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 6 sales in Q3 2020.
How long did it take to sell a property in Nome in February?
19 days is the average time on market in Nome in December, which is down from 20 in November and has been trending down since December 2020.
This can indicate a buyers market where sellers are finding it harder to make a sale.
Are properties selling below or above the listing price in Nome?
December sees the vendor expectation error for Nome at -0.1% which means, on average, places sold for -0.1% less than the listing price.
This is a great sign for buyers looking to negotiate.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the -0.1% as things can move pretty quickly.