Is Near South, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Near South is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Near South has remained a Seller's Market.

Key Takeaway

Near South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Near South, NE

How much do homes in Near South, NE cost?

Median Sold Price

$220,000

$115/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$63,000(+40.1%)

Key Takeaway

Homes in Near South have sold for 40.1% more than they did a month ago.

Summary: The median home sold price in Near South was $220,000 in December 2024, up 40.1% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $105K$109K
+3.8%
3 $162.5K$234.5K
+44.3%
4 -$309.9K
N/A
5+ $245K$318.7K
+30.1%

Summary: Near South housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 44.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 30.1%.

Median Sold Price Compared To Nearby Neighborhoods

Irvingdale
+71.7%
Near South
+40.1%

Housing Supply in Near South, NE

How many homes are available in Near South, NE?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3429-14.7%

Summary: The Near South real estate market had 29 homes for sale in December 2024, a 14.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 1311
-15.4%
4 46
+50.0%
5+ 74
-42.9%

Summary: The Near South housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Near South, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Near South in December 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for Near South, NE

How long does it take to sell a home in Near South, NE?

Average Sale Time

Nov 2024Dec 2024CHANGE
22 Days19 Days-11.9%

Summary: Homes in Near South had an average of 19 days on market in Dec 2024, down by 11.9% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 11 homes were sold in Near South; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 14 Days Ago

Newest Listings in Near South, NE

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