The Nottingham Country real estate market showed notable activity over the past year, with key indicators highlighting a dynamic shift toward a more balanced market.
- Median Price: Home values have seen a moderate rise, with the median price increasing by 3.5%. This suggests growing confidence in the local housing market, providing an excellent opportunity for sellers looking to capitalize on increased home equity.
- Average Price per Square Foot: Despite fluctuations in other areas, the average price per square foot remained steady year-over-year. This consistency offers both buyers and sellers a reliable benchmark when evaluating property values in Nottingham Country
- Number of Houses for Sale: The market inventory tightened significantly, with a 21.7% decrease in the number of homes available for sale. This reduction in inventory could drive up competition among buyers, especially for well-maintained properties.
- Number of Sold Properties: Sales activity surged with a 42.9% increase in sold properties. This jump reflects strong buyer interest and market absorption in Nottingham Country, making it an ideal time for homeowners to consider listing their homes.
- Months Supply of Inventory: With a 4.7-month supply of inventory in September 2024, the market is moving toward a more balanced environment between buyers and sellers. A balanced market offers a fairer negotiation space for both parties, benefiting both sides in the process. If you’re considering selling your home in Nottingham Country, now could be the perfect time to take advantage of increasing demand and a balanced market. Reach out today for a personalized consultation on your home’s value and how to prepare it for sale.
| Price Boxes | Sold | Average list price | Average sold price | Sold price to list price ratio | Ave days on the market |
|---|---|---|---|---|---|
| Under $300,000 | 6 | $151.98 | $147.93 | 97% | 10 |
| $300,000-$399,000 | 20 | $161.95 | $160.15 | 99% | 18 |
| $400,000-$499,000 | 31 | $176.31 | $169.84 | 96% | 16 |
| $500,000-$599,000 | 15 | $162.88 | $162.39 | 100% | 17 |
| $600,000 & Above | 6 | $169 | $165.71 | 98% | 24 |
