Is Otoe County, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Otoe County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Otoe County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Otoe County, NE

How much do homes in Otoe County, NE cost?

Median Sold Price

$225,000

$144/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$5,000(-2.2%)

Key Takeaway

Homes in Otoe County have sold for 2.2% less than they did a month ago.

Summary: The median home sold price in Otoe County was $225,000 in November 2024, down 2.2% from last month, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $188K-
N/A
3 $230K$217K
-5.7%
4 $360K$329K
-8.6%
5+ --
N/A

Summary: Otoe County 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 did not change, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Nemaha County
+148.0%
Otoe County
-2.2%
Cass County
-8.3%
Johnson County
-26.0%

Housing Supply in Otoe County, NE

How many homes are available in Otoe County, NE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4547+4.4%

Summary: The Otoe County real estate market had 47 homes for sale in November 2024, a 4.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 118
-27.3%
3 1614
-12.5%
4 1115
+36.4%
5+ 67
+16.7%

Summary: The Otoe County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
990.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Otoe County, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Otoe County in November 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Otoe County, NE

How long does it take to sell a home in Otoe County, NE?

Average Sale Time

Oct 2024Nov 2024CHANGE
7 Days38 Days+393.0%

Summary: Homes in Otoe County had an average of 38 days on market in Nov 2024, up by 393% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Otoe County; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% 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 Otoe County, NE

Nearby Markets to Otoe County, NE

What housing markets are near Otoe County, NE?