$15,000
0.20 Acres
Land
Sherryl L. Longacre, Listing Office: RE/MAX Results
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
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
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $188K | - | N/A |
| 3 Bedrooms | $230K | $217K | -5.7% |
| 4 Bedrooms | $360K | $329K | -8.6% |
| 5+ Bedrooms | - | - | 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 | $99K | $245.5K | +148.0% |
| Otoe County | $230K | $225K | -2.2% |
| Cass County | $300K | $275K | -8.3% |
| Johnson County | $250K | $185K | -26.0% |
Housing Supply in Otoe County, NE
How many homes are available in Otoe County, NE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +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
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 6 | 7 | +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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 38 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
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.
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.