$5,344 Closing Credit*
$450,000
Kristina K. Borngrebe, Listing Office: Real Broker NE, LLC
Is Midtown Omaha, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Midtown Omaha was a Seller's Market.
Key Takeaway
Midtown Omaha 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 Midtown Omaha, NE
How much do homes in Midtown Omaha, NE cost?
Median Sold Price
$291,000
$171/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$6,450(-2.2%)
Key Takeaway
Homes in Midtown Omaha have sold for 2.2% less than they did a month ago.
Summary: The median home sold price in Midtown Omaha was $291,000 in October 2024, down 2.2% from last month, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $303.7K | +21.5% |
| 2 Bedrooms | $245K | $270.5K | +10.4% |
| 3 Bedrooms | $299.9K | $245K | -18.3% |
| 4 Bedrooms | $346K | $390K | +12.7% |
| 5+ Bedrooms | $650K | $330K | -49.2% |
Summary: Midtown Omaha housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 49.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Midtown Omaha | $297.4K | $291K | -2.2% |
| Blackstone | $350K | $250K | -28.6% |
Housing Supply in Midtown Omaha, NE
How many homes are available in Midtown Omaha, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 68 | -1.4% |
Summary: The Midtown Omaha real estate market had 68 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Midtown Omaha housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 27.8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 10 | -63.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown Omaha, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Midtown Omaha in October 2024, down by 63.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Midtown Omaha, NE
How long does it take to sell a home in Midtown Omaha, NE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +21.6% |
Summary: Homes in Midtown Omaha had an average of 17 days on market in Oct 2024, up by 21.6% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midtown Omaha are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Midtown Omaha; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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.