Is Family Acres, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Family Acres is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Family Acres was a Seller's Market.

Key Takeaway

Family Acres is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Family Acres, NE

How much do homes in Family Acres, NE cost?

Median Sold Price

$369,250

$172/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$46,200(-11.1%)

Key Takeaway

Homes in Family Acres have sold for 11.1% less than they did a month ago.

Summary: The median home sold price in Family Acres was $369,250 in August 2024, down 11.1% from last month, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $394.4K$336.7K
-14.6%
4 $401K$395K
-1.5%
5+ $565K-
N/A

Summary: Family Acres housing prices by bedroom type for August 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 decreased by 14.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Vintage Heights
+14.8%
Family Acres
-11.1%
Colonial Hills
-12.6%

Housing Supply in Family Acres, NE

How many homes are available in Family Acres, NE?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
4043+7.5%

Summary: The Family Acres real estate market had 43 homes for sale in August 2024, a 7.5% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 1519
+26.7%
4 1813
-27.8%
5+ 56
+20.0%

Summary: The Family Acres housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
166-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Family Acres, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Family Acres in August 2024, down by 62.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for Family Acres, NE

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

Average Sale Time

Jul 2024Aug 2024CHANGE
4 Days44 Days+909.5%

Summary: Homes in Family Acres had an average of 44 days on market in Aug 2024, up by 909.5% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 6 homes were sold in Family Acres; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 27 Days Ago

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