Is Papillion Second I, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Papillion Second I was a Buyer's Market.
Housing Prices in Papillion Second I, NE
How much do homes in Papillion Second I, NE cost?
Median Sold Price
$397,290
$182/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Papillion Second I was $397,290 in May 2024, down 5.6% from last month, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $379.6K | N/A |
4 Bedrooms | $430K | $423.8K | -1.4% |
5+ Bedrooms | $411.3K | $527.5K | +28.3% |
Summary: Papillion Second I housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
Papillion Second I | $420.7K | $397.2K | -5.6% |
Papillion | $430K | $391.5K | -9.0% |
Housing Supply in Papillion Second I, NE
How many homes are available in Papillion Second I, NE?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 57 | +42.5% |
Summary: The Papillion Second I real estate market had 57 homes for sale in May 2024, a 42.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 16 | 26 | +62.5% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Papillion Second I housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 20 | +900.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Papillion Second I in May 2024, up by 900.0% month-over-month. Of the 20 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for Papillion Second I, NE
How long does it take to sell a home in Papillion Second I, NE?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 Days | 57 Days | -49.6% |
Summary: Homes in Papillion Second I had an average of 57 days on market in May 2024, down by 49.6% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Papillion Second I; 60% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.