$6,430 Closing Credit*
$541,465
2,750 SqFt
5 Beds
•2 Full Baths, 1 Partial
Doyle B Ollis Jr, Listing Office: Nebraska Realty
Is Papillion Second I, 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, Papillion Second I was a Seller's Market.
Key Takeaway
Papillion Second I is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Papillion Second I, NE
How much do homes in Papillion Second I, NE cost?
Median Sold Price
$395,000
$184/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$55,000(-12.2%)
Key Takeaway
Homes in Papillion Second I have sold for 12.2% less than they did a month ago.
Summary: The median home sold price in Papillion Second I was $395,000 in October 2024, down 12.2% from last month, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $461.4K | - | N/A |
| 3 Bedrooms | $369.7K | $315K | -14.8% |
| 4 Bedrooms | $450K | $395K | -12.2% |
| 5+ Bedrooms | $572.6K | $549K | -4.1% |
Summary: Papillion Second I 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 did not change, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| La Vista | $250K | $252.5K | +1.0% |
| Papillion | $411K | $395K | -3.9% |
| Douglas | $303.5K | $275.2K | -9.3% |
| Papillion Second I | $450K | $395K | -12.2% |
Housing Supply in Papillion Second I, NE
How many homes are available in Papillion Second I, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 157 | 146 | -7.0% |
Summary: The Papillion Second I real estate market had 146 homes for sale in October 2024, a 7.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 8 | -38.5% |
| 3 Bedrooms | 49 | 48 | -2.0% |
| 4 Bedrooms | 64 | 62 | -3.1% |
| 5+ Bedrooms | 31 | 28 | -9.7% |
Summary: The Papillion Second I housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 38.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 9.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 17 | -46.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Papillion Second I, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Papillion Second I in October 2024, down by 46.9% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for Papillion Second I, NE
How long does it take to sell a home in Papillion Second I, NE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 26 Days | -0.3% |
Summary: Homes in Papillion Second I had an average of 26 days on market in Oct 2024, down by 0.3% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Papillion Second I are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Papillion Second I; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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.