Is Papillion, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Papillion was a Buyer's Market.
Housing Prices in Papillion, NE
How much do homes in Papillion, NE cost?
Median Sold Price
$391,547
$176/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Papillion was $391,547 in May 2024, down 9% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $376.5K | N/A |
4 Bedrooms | $470K | $423.8K | -9.8% |
5+ Bedrooms | $411.3K | $580.1K | +41.0% |
Summary: Papillion housing prices by bedroom type for May 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 did not change, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 41%.
Median Sold Price Compared To Nearby Cities
Papillion Second I | $420.7K | $397.2K | -5.6% |
Papillion | $430K | $391.5K | -9.0% |
Housing Supply in Papillion, NE
How many homes are available in Papillion, NE?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 129 | +111.5% |
Summary: The Papillion real estate market had 129 homes for sale in May 2024, a 111.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 22 | 39 | +77.3% |
4 Bedrooms | 24 | 54 | +125.0% |
5+ Bedrooms | 14 | 33 | +135.7% |
Summary: The Papillion housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 77.3%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 135.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 29 | +866.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Papillion in May 2024, up by 866.7% month-over-month. Of the 29 sold homes, 21% were sold under asking, 55% were sold at asking, and 24% were sold over asking.
Days on Market for Papillion, NE
How long does it take to sell a home in Papillion, NE?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
88 Days | 44 Days | -49.3% |
Summary: Homes in Papillion had an average of 44 days on market in May 2024, down by 49.3% compared to last month.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Papillion; 69% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.