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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Omaha is a 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 in Omaha, NE

How much do homes in Omaha, NE cost?

Median Sold Price

$279,000

$155/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$7,466(+2.7%)

Key Takeaway

Homes in Omaha have sold for 2.7% more than they did a month ago.

Summary: The median home sold price in Omaha was $279,000 in February 2024, up 2.7% from last month, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $172.5K$150K
-13.0%
2 $174.5K$186.2K
+6.7%
3 $265K$270K
+1.9%
4 $342.5K$350K
+2.2%
5+ $553.6K$427.5K
-22.8%

Summary: Omaha housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 22.8%.

Median Sold Price Compared To Nearby Cities

McArdle
+11.3%
Omaha
+2.7%
Millard
-4.9%
Jefferson
-5.9%

Housing Supply in Omaha, NE

How many homes are available in Omaha, NE?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,2951,366+5.5%

Summary: The Omaha real estate market had 1,366 homes for sale in February 2024, a 5.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2120
-4.8%
2 185184
-0.5%
3 581611
+5.2%
4 385402
+4.4%
5+ 123149
+21.1%

Summary: The Omaha housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 21.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
344351+2.0%

Asking Price vs. Sold Price

142 Homes Were Sold
Under Asking

86 Homes Were Sold
At Asking

94 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Omaha, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.

Summary: A total of 351 homes were sold or pending in Omaha in February 2024, up by 2.0% month-over-month. Of the 322 sold homes, 44% were sold under asking, 27% were sold at asking, and 29% were sold over asking.

Days on Market for Omaha, NE

How long does it take to sell a home in Omaha, NE?

Average Sale Time

Jan 2024Feb 2024CHANGE
19 Days25 Days+30.6%

Summary: Homes in Omaha had an average of 25 days on market in Feb 2024, up by 30.6% compared to last month.

Breakdown of Home Sale Times

255 Homes Were Sold
Under 30 Days

72 Homes Were Sold
In 30 - 90 Days

24 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 February 2024, 351 homes were sold in Omaha; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 28 Days Ago

Newest Listings in Omaha, NE

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What housing markets are near Omaha, NE?