Is Omaha, NE a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Omaha is a seller'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



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

# BEDSJul 2023Aug 2023CHANGE
1 $143K$148.5K
2 $185K$193.5K
3 $275K$265K
4 $363.5K$370K
5+ $450K$500K

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%.

Median Sold Price Compared To Nearby Cities


Housing Supply

How many homes are available in Omaha, NE?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 2427
2 199193
3 776833
4 489466
5+ 155168

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

173 Homes Were Sold
Under Asking

144 Homes Were Sold
At Asking

244 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Aug 2023CHANGE
11 Days13 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

Breakdown of Home Sale Times

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.

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

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near Omaha, NE?