$2,968 Closing Credit*
$249,900
1,842 SqFt
3 Beds
•2 Baths
Ian K. Ziegler, Listing Office: BHHS Ambassador Real Estate
Is South Omaha, 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, South Omaha has remained a Seller's Market.
Key Takeaway
South Omaha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Omaha, NE
How much do homes in South Omaha, NE cost?
Median Sold Price
$225,000
$160/sqft
Based on all homes sold in September 2024.
The Median Sold Price hasn't changed since August 2024.
Key Takeaway
The sold price of homes in South Omaha has remained the same since last month.
Summary: The median home sold price in South Omaha was $225,000 in September 2024, the same as last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $169K | +5.6% |
| 2 Bedrooms | $205K | $182K | -11.2% |
| 3 Bedrooms | $232.5K | $232.1K | -0.2% |
| 4 Bedrooms | $258.7K | $260K | 0.5% |
| 5+ Bedrooms | $140K | - | N/A |
Summary: South Omaha housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Burlington Road | $164K | $210K | +28.0% |
| Hanscom Park | $209.5K | $219.5K | +4.8% |
| Robin Hill | $235K | $242K | +3.0% |
| South Omaha | $225K | $225K | 0.0% |
Housing Supply in South Omaha, NE
How many homes are available in South Omaha, NE?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 180 | 172 | -4.4% |
Summary: The South Omaha real estate market had 172 homes for sale in September 2024, a 4.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 56 | 55 | -1.8% |
| 3 Bedrooms | 89 | 79 | -11.2% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The South Omaha housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 72 | 53 | -26.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Omaha, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in South Omaha in September 2024, down by 26.4% month-over-month. Of the 47 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for South Omaha, NE
How long does it take to sell a home in South Omaha, NE?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 Days | 12 Days | +118.3% |
Summary: Homes in South Omaha had an average of 12 days on market in Sep 2024, up by 118.3% compared to last month.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Omaha are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 53 homes were sold in South Omaha; 91% of homes were sold within 30 days, 9% 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.