Is North Omaha, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Omaha is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, North Omaha has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Omaha, NE

How much do homes in North Omaha, NE cost?

Median Sold Price

$208,000

$134/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$30,500(+17.2%)

Key Takeaway

Homes in North Omaha have sold for 17.2% more than they did a month ago.

Summary: The median home sold price in North Omaha was $208,000 in November 2024, up 17.2% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $128K-
N/A
2 $140K$151.7K
+8.4%
3 $196K$233K
+18.9%
4 $217K$207K
-4.6%
5+ $532.5K$900K
+69.0%

Summary: North Omaha 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 increased by 8.4%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 69%.

Median Sold Price Compared To Nearby Neighborhoods

Fairfax
+18.3%
North Omaha
+17.2%
Central Park
+2.2%

Housing Supply in North Omaha, NE

How many homes are available in North Omaha, NE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
250266+6.4%

Summary: The North Omaha real estate market had 266 homes for sale in November 2024, a 6.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 5453
-1.9%
3 119130
+9.2%
4 6263
+1.6%
5+ 1016
+60.0%

Summary: The North Omaha housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8059-26.3%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Omaha, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in North Omaha in November 2024, down by 26.3% month-over-month. Of the 53 sold homes, 60% were sold under asking, 28% were sold at asking, and 11% were sold over asking.

Days on Market for North Omaha, NE

How long does it take to sell a home in North Omaha, NE?

Average Sale Time

Oct 2024Nov 2024CHANGE
13 Days18 Days+35.4%

Summary: Homes in North Omaha had an average of 18 days on market in Nov 2024, up by 35.4% compared to last month.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 59 homes were sold in North Omaha; 71% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 2% 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 17 Days Ago

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