$3,978 Closing Credit*
$335,000
1,948 SqFt
4 Beds
•3 Full Baths
Saul Bakewell, Listing Office: Nebraska Realty
Is Lancaster County, 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, Lancaster County has remained a Seller's Market.
Key Takeaway
Lancaster County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lancaster County, NE
How much do homes in Lancaster County, NE cost?
Median Sold Price
$292,500
$158/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$7,500(-2.5%)
Key Takeaway
Homes in Lancaster County have sold for 2.5% less than they did a month ago.
Summary: The median home sold price in Lancaster County was $292,500 in October 2024, down 2.5% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | $155.2K | -35.0% |
| 2 Bedrooms | $230K | $230K | 0.0% |
| 3 Bedrooms | $280K | $275K | -1.8% |
| 4 Bedrooms | $392.4K | $375K | -4.4% |
| 5+ Bedrooms | $508.5K | $484.9K | -4.7% |
Summary: Lancaster County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 35%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Counties
| Cass County | $275K | $345K | +25.5% |
| Saunders County | $242K | $292.5K | +20.9% |
| Otoe County | $235.5K | $244K | +3.6% |
| Lancaster County | $300K | $292.5K | -2.5% |
| Seward County | $295K | $256K | -13.2% |
Housing Supply in Lancaster County, NE
How many homes are available in Lancaster County, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,146 | 1,267 | +10.6% |
Summary: The Lancaster County real estate market had 1,267 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 18 | -10.0% |
| 2 Bedrooms | 210 | 205 | -2.4% |
| 3 Bedrooms | 443 | 482 | +8.8% |
| 4 Bedrooms | 299 | 344 | +15.1% |
| 5+ Bedrooms | 174 | 218 | +25.3% |
Summary: The Lancaster County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 25.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 309 | 284 | -8.1% |
Asking Price vs. Sold Price
121 Homes Were Sold
Under Asking
85 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lancaster County, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.
Summary: A total of 284 homes were sold or pending in Lancaster County in October 2024, down by 8.1% month-over-month. Of the 273 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.
Days on Market for Lancaster County, NE
How long does it take to sell a home in Lancaster County, NE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 19 Days | +13.9% |
Summary: Homes in Lancaster County had an average of 19 days on market in Oct 2024, up by 13.9% compared to last month.
Breakdown of Home Sale Times
230 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lancaster County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 284 homes were sold in Lancaster County; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% 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.