$2,613 Closing Credit*
$220,000
1,826 SqFt
4 Beds
•2 Full Baths, 1 Partial
Timothy L. Reeder, Listing Office: Better Homes and Gardens R.E.
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
$239,000
$142/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$5,000(+2.1%)
Key Takeaway
Homes in South Omaha have sold for 2.1% more than they did a month ago.
Summary: The median home sold price in South Omaha was $239,000 in November 2024, up 2.1% from last month, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.2K | - | N/A |
| 2 Bedrooms | $212.5K | $259.9K | +22.3% |
| 3 Bedrooms | $256.5K | $235K | -8.4% |
| 4 Bedrooms | $247.5K | $252K | +1.8% |
| 5+ Bedrooms | $262K | - | N/A |
Summary: South Omaha 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 increased by 22.3%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Burlington Road | $145K | $214K | +47.6% |
| South Omaha | $234K | $239K | +2.1% |
| Robin Hill | $272.5K | $247K | -9.4% |
| Hanscom Park | $252.7K | $222.5K | -12.0% |
| Highland Park | $115K | $100K | -13.0% |
Housing Supply in South Omaha, NE
How many homes are available in South Omaha, NE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 196 | 199 | +1.5% |
Summary: The South Omaha real estate market had 199 homes for sale in November 2024, a 1.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 55 | 48 | -12.7% |
| 3 Bedrooms | 95 | 101 | +6.3% |
| 4 Bedrooms | 32 | 36 | +12.5% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The South Omaha housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 49 | -24.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 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. 46.5% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in South Omaha in November 2024, down by 24.6% month-over-month. Of the 43 sold homes, 47% were sold under asking, 28% were sold at asking, and 26% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +16.0% |
Summary: Homes in South Omaha had an average of 12 days on market in Nov 2024, up by 16% compared to last month.
Breakdown of Home Sale Times
44 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 South Omaha are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in South Omaha; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 2% 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.