Is Melia-Forest City, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Melia-Forest City is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Melia-Forest City was a Neutral Market.

Key Takeaway

Melia-Forest City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Melia-Forest City, NE

How much do homes in Melia-Forest City, NE cost?

Median Sold Price

$435,683

$185/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$6,104(-1.4%)

Key Takeaway

Homes in Melia-Forest City have sold for 1.4% less than they did a month ago.

Summary: The median home sold price in Melia-Forest City was $435,683 in September 2024, down 1.4% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$408K
N/A
3 $422.7K$435.6K
+3.1%
4 $399.9K$407.4K
+1.9%
5+ $575K$596.5K
+3.7%

Summary: Melia-Forest City housing prices by bedroom type for September 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 increased by 3.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Richland VII
+10.7%
Gretna
-1.2%
Melia-Forest City
-1.4%
Forest City No. 1
-5.5%
Forest City No. 2
-37.0%

Housing Supply in Melia-Forest City, NE

How many homes are available in Melia-Forest City, NE?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
194197+1.5%

Summary: The Melia-Forest City real estate market had 197 homes for sale in September 2024, a 1.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 4842
-12.5%
4 8787
0.0%
5+ 5766
+15.8%

Summary: The Melia-Forest City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.8%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2827-3.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Melia-Forest City, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Melia-Forest City in September 2024, down by 3.6% month-over-month. Of the 26 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.

Days on Market for Melia-Forest City, NE

How long does it take to sell a home in Melia-Forest City, NE?

Average Sale Time

Aug 2024Sep 2024CHANGE
54 Days23 Days-55.9%

Summary: Homes in Melia-Forest City had an average of 23 days on market in Sep 2024, down by 55.9% compared to last month.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Melia-Forest City are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 27 homes were sold in Melia-Forest City; 74% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

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