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

$191,000

$132/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$9,000(-4.5%)

Key Takeaway

Homes in North Omaha have sold for 4.5% less than they did a month ago.

Summary: The median home sold price in North Omaha was $191,000 in October 2024, down 4.5% from last month, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $155K$128K
-17.4%
2 $140K$150K
+7.1%
3 $248.7K$200K
-19.6%
4 $215K$221K
+2.8%
5+ $399K$532.5K
+33.5%

Summary: North Omaha housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 33.5%.

Median Sold Price Compared To Nearby Neighborhoods

Central Park
+47.0%
North Omaha
-4.5%
Fort Redman
-46.5%

Housing Supply in North Omaha, NE

How many homes are available in North Omaha, NE?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
242280+15.7%

Summary: The North Omaha real estate market had 280 homes for sale in October 2024, a 15.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 75
-28.6%
2 5355
+3.8%
3 113135
+19.5%
4 5671
+26.8%
5+ 1314
+7.7%

Summary: The North Omaha housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6978+13.0%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

18 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. 45.7% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in North Omaha in October 2024, up by 13.0% month-over-month. Of the 70 sold homes, 46% were sold under asking, 29% were sold at asking, and 26% 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

Sep 2024Oct 2024CHANGE
19 Days15 Days-18.5%

Summary: Homes in North Omaha had an average of 15 days on market in Oct 2024, down by 18.5% compared to last month.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

13 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 October 2024, 78 homes were sold in North Omaha; 82% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 1% 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

Newest Listings in North Omaha, NE

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