$1,721 Closing Credit*
$144,900
728 SqFt
1 Bed
•1 Full Bath
Susan R. Wilson, Listing Office: Woods Bros Realty
Is Otoe County, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Otoe County was a Seller's Market.
Key Takeaway
Otoe County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Otoe County, NE
How much do homes in Otoe County, NE cost?
Median Sold Price
$244,000
$165/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$8,500(+3.6%)
Key Takeaway
Homes in Otoe County have sold for 3.6% more than they did a month ago.
Summary: The median home sold price in Otoe County was $244,000 in October 2024, up 3.6% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37.5K | - | N/A |
| 2 Bedrooms | $155K | $188K | +21.3% |
| 3 Bedrooms | $221K | $300K | +35.7% |
| 4 Bedrooms | $422.7K | $360K | -14.8% |
| 5+ Bedrooms | $268K | - | N/A |
Summary: Otoe County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Cass County | $275K | $345K | +25.5% |
| Otoe County | $235.5K | $244K | +3.6% |
| Nemaha County | $100K | $99K | -1.0% |
Housing Supply in Otoe County, NE
How many homes are available in Otoe County, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The Otoe County real estate market had 48 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Otoe County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Otoe County, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Otoe County in October 2024, down by 50.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 8 Days | -68.0% |
Summary: Homes in Otoe County had an average of 8 days on market in Oct 2024, down by 68% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Otoe County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Otoe County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.