Is Omaha, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Omaha has remained a Seller's Market.
Key Takeaway
Omaha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Omaha, NE cost?
Median Sold Price
$281,300
$155/sqft
Based on all homes sold in August 2023.
Difference Since Last Month
Key Takeaway
Homes in Omaha have sold for 3.1% less than they did a month ago.
Summary: The median home sold price in Omaha was $281,300 in August 2023, down 3.1% from last month, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | $148.5K | +3.8% |
| 2 Bedrooms | $185K | $193.5K | +4.6% |
| 3 Bedrooms | $275K | $265K | -3.6% |
| 4 Bedrooms | $363.5K | $370K | +1.8% |
| 5+ Bedrooms | $450K | $500K | +11.1% |
Summary: Omaha housing prices by bedroom type for August 2023 compared to the previous month: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 11.1%.
Housing Supply
How many homes are available in Omaha, NE?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 1,643 | 1,687 | +2.7% |
Summary: The Omaha real estate market had 1,687 homes for sale in August 2023, a 2.7% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 27 | +12.5% |
| 2 Bedrooms | 199 | 193 | -3.0% |
| 3 Bedrooms | 776 | 833 | +7.3% |
| 4 Bedrooms | 489 | 466 | -4.7% |
| 5+ Bedrooms | 155 | 168 | +8.4% |
Summary: The Omaha housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 8.4%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 564 | 590 | +4.6% |
Asking Price vs. Sold Price
173 Homes Were Sold
Under Asking
144 Homes Were Sold
At Asking
244 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Omaha, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 590 homes were sold or pending in Omaha in August 2023, up by 4.6% month-over-month. Of the 561 sold homes, 31% were sold under asking, 26% were sold at asking, and 43% were sold over asking.
Days on Market
How long does it take to sell a home in Omaha, NE?
Average Sale Time
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +18.9% |
Summary: Homes in Omaha had an average of 13 days on market in Aug 2023, up by 18.9% compared to last month.
Breakdown of Home Sale Times
538 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Omaha are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 590 homes were sold in Omaha; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2023 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.