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.
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
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $150K | -13.0% |
2 Bedrooms | $174.5K | $186.2K | +6.7% |
3 Bedrooms | $265K | $270K | +1.9% |
4 Bedrooms | $342.5K | $350K | +2.2% |
5+ Bedrooms | $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%.
Housing Supply in Omaha, NE
How many homes are available in Omaha, NE?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,295 | 1,366 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 20 | -4.8% |
2 Bedrooms | 185 | 184 | -0.5% |
3 Bedrooms | 581 | 611 | +5.2% |
4 Bedrooms | 385 | 402 | +4.4% |
5+ Bedrooms | 123 | 149 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
344 | 351 | +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
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 2024 | Feb 2024 | CHANGE |
---|---|---|
19 Days | 25 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
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.