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

$205,450

$150/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$5,450(+2.7%)

Key Takeaway

Homes in Northwest Omaha have sold for 2.7% more than they did a month ago.

Summary: The median home sold price in Northwest Omaha was $205,450 in November 2024, up 2.7% from last month, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $127.5K-
N/A
2 $171K$182.5K
+6.7%
3 $200K$205.4K
+2.7%
4 $201K$392.4K
+95.2%
5+ --
N/A

Summary: Northwest 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 6.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 95.2%, and 5+ bedroom homes did not change.

Housing Supply in Northwest Omaha, NE

How many homes are available in Northwest Omaha, NE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5762+8.8%

Summary: The Northwest Omaha real estate market had 62 homes for sale in November 2024, a 8.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 811
+37.5%
3 3435
+2.9%
4 1012
+20.0%
5+ 33
0.0%

Summary: The Northwest Omaha housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1718+5.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Omaha, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 18 homes were sold or pending in Northwest Omaha in November 2024, up by 5.9% month-over-month. Of the 14 sold homes, 36% were sold under asking, 50% were sold at asking, and 14% 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

Oct 2024Nov 2024CHANGE
11 Days20 Days+82.1%

Summary: Homes in Northwest Omaha had an average of 20 days on market in Nov 2024, up by 82.1% compared to last month.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 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 November 2024, 18 homes were sold in Northwest Omaha; 72% of homes were sold within 30 days, 28% 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

Nearby Markets to Northwest Omaha, NE