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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Omaha is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Northwest Omaha, NE

How much do homes in Northwest Omaha, NE cost?

Median Sold Price

$191,750

$140/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$6,750(+3.6%)

Key Takeaway

Homes in Northwest Omaha have sold for 3.6% more than they did a month ago.

Summary: The median home sold price in Northwest Omaha was $191,750 in September 2024, up 3.6% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 -$152K
N/A
2 $149.5K$142K
-5.0%
3 $180K$197.5K
+9.7%
4 $205K-
N/A
5+ -$239K
N/A

Summary: Northwest Omaha housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Northwest Omaha
+3.6%
Cole Creek
-5.6%

Housing Supply in Northwest Omaha, NE

How many homes are available in Northwest Omaha, NE?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4759+25.5%

Summary: The Northwest Omaha real estate market had 59 homes for sale in September 2024, a 25.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 13
+200.0%
2 87
-12.5%
3 3237
+15.6%
4 510
+100.0%
5+ 12
+100.0%

Summary: The Northwest Omaha housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Omaha, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Northwest Omaha in September 2024, down by 16.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Northwest Omaha, NE

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

Average Sale Time

Aug 2024Sep 2024CHANGE
7 Days16 Days+116.9%

Summary: Homes in Northwest Omaha had an average of 16 days on market in Sep 2024, up by 116.9% compared to last month.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 15 homes were sold in Northwest Omaha; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 Northwest Omaha, NE

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