Is 68048, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 68048 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 68048 was a Neutral Market.

Key Takeaway

68048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 68048, NE

How much do homes in 68048, NE cost?

Median Sold Price

$275,000

$140/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$11,500(-4.0%)

Key Takeaway

Homes in 68048 have sold for 4% less than they did a month ago.

Summary: The median home sold price in 68048 was $275,000 in November 2024, down 4% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $153.5K$357.5K
+132.9%
3 $249K$251K
+0.8%
4 $600K$389.9K
-35.0%
5+ $405K$600K
+48.1%

Summary: 68048 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 132.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes increased by 48.1%.

Median Sold Price Compared To Nearby Zip Codes

68409
+29.4%
68123
-1.0%
68048
-4.0%
68133
-10.6%

Housing Supply in 68048, NE

How many homes are available in 68048, NE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5351-3.8%

Summary: The 68048 real estate market had 51 homes for sale in November 2024, a 3.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 2828
0.0%
4 1311
-15.4%
5+ 44
0.0%

Summary: The 68048 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 68048, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 68048 in November 2024, up by 75.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for 68048, NE

How long does it take to sell a home in 68048, NE?

Average Sale Time

Oct 2024Nov 2024CHANGE
21 Days25 Days+22.8%

Summary: Homes in 68048 had an average of 25 days on market in Nov 2024, up by 22.8% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 68048 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 68048; 57% of homes were sold within 30 days, 36% 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 21 Days Ago

Newest Listings in 68048, NE

Nearby Markets to 68048, NE