$6,044 Closing Credit*
$509,000
2,810 SqFt
4 Beds
•3 Baths
Alec J Chedel, Listing Office: NextHome Signature Real Estate
Is Melia-Forest City, 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, Melia-Forest City has remained a Buyer's Market.
Key Takeaway
Melia-Forest City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Melia-Forest City, NE
How much do homes in Melia-Forest City, NE cost?
Median Sold Price
$491,495
$178/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$43,602(+9.7%)
Key Takeaway
Homes in Melia-Forest City have sold for 9.7% more than they did a month ago.
Summary: The median home sold price in Melia-Forest City was $491,495 in November 2024, up 9.7% from last month, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $400.1K | $457.5K | +14.3% |
| 4 Bedrooms | $447.8K | $485K | +8.3% |
| 5+ Bedrooms | $763.7K | $500K | -34.5% |
Summary: Melia-Forest City 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 did not change, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 34.5%.
Median Sold Price Compared To Nearby Cities
| Melia-Forest City | $447.8K | $491.4K | +9.7% |
| Gretna | $432.6K | $450K | +4.0% |
| Richland VII | $385K | $372.5K | -3.2% |
| Forest City No. 2 | $387.4K | $235K | -39.3% |
Housing Supply in Melia-Forest City, NE
How many homes are available in Melia-Forest City, NE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 191 | 192 | +0.5% |
Summary: The Melia-Forest City real estate market had 192 homes for sale in November 2024, a 0.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 39 | 37 | -5.1% |
| 4 Bedrooms | 96 | 97 | +1.0% |
| 5+ Bedrooms | 55 | 57 | +3.6% |
Summary: The Melia-Forest City 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 decreased by 5.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Melia-Forest City, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Melia-Forest City in November 2024, up by 50.0% month-over-month. Of the 23 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for Melia-Forest City, NE
How long does it take to sell a home in Melia-Forest City, NE?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 40 Days | +153.9% |
Summary: Homes in Melia-Forest City had an average of 40 days on market in Nov 2024, up by 153.9% compared to last month.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Melia-Forest City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in Melia-Forest City; 63% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 21% 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.