$5,166 Closing Credit*
$435,000
3,066 SqFt
4 Beds
•3 Full Baths, 1 Partial
Deb Gustafson, Listing Office: BHHS Ambassador Real Estate
Is Elkhorn, 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, Elkhorn has remained a Neutral Market.
Key Takeaway
Elkhorn is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Elkhorn, NE
How much do homes in Elkhorn, NE cost?
Median Sold Price
$505,000
$183/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$9,500(+1.9%)
Key Takeaway
Homes in Elkhorn have sold for 1.9% more than they did a month ago.
Summary: The median home sold price in Elkhorn was $505,000 in October 2024, up 1.9% from last month, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $322.5K | $349.1K | +8.2% |
| 3 Bedrooms | $415K | $385K | -7.2% |
| 4 Bedrooms | $570K | $490K | -14.0% |
| 5+ Bedrooms | $649K | $585K | -9.9% |
Summary: Elkhorn housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Jefferson | $360K | $430K | +19.4% |
| Elkhorn | $495.5K | $505K | +1.9% |
Housing Supply in Elkhorn, NE
How many homes are available in Elkhorn, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 365 | 375 | +2.7% |
Summary: The Elkhorn real estate market had 375 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 95 | 81 | -14.7% |
| 4 Bedrooms | 130 | 132 | +1.5% |
| 5+ Bedrooms | 123 | 149 | +21.1% |
Summary: The Elkhorn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 56 | -9.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkhorn, expect to pay close to the asking price. 49% of homes here sold near the asking price last month.
Summary: A total of 56 homes were sold or pending in Elkhorn in October 2024, down by 9.7% month-over-month. Of the 51 sold homes, 35% were sold under asking, 49% were sold at asking, and 16% were sold over asking.
Days on Market for Elkhorn, NE
How long does it take to sell a home in Elkhorn, NE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 31 Days | -17.1% |
Summary: Homes in Elkhorn had an average of 31 days on market in Oct 2024, down by 17.1% compared to last month.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elkhorn are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 56 homes were sold in Elkhorn; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.