Is West Omaha, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Omaha is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, West Omaha has remained a Seller's Market.

Key Takeaway

West Omaha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Omaha, NE

How much do homes in West Omaha, NE cost?

Median Sold Price

$325,000

$160/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$5,000(+1.6%)

Key Takeaway

Homes in West Omaha have sold for 1.6% more than they did a month ago.

Summary: The median home sold price in West Omaha was $325,000 in November 2024, up 1.6% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $169K$142K
-16.0%
2 $212K$240.5K
+13.4%
3 $295K$295K
0.0%
4 $412.5K$377.5K
-8.5%
5+ $532.5K$595.9K
+11.9%

Summary: West Omaha housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 13.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Neighborhoods

Bent Creek
+26.2%
West Omaha
+1.6%
Fountain Hills
-2.2%

Housing Supply in West Omaha, NE

How many homes are available in West Omaha, NE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
516460-10.9%

Summary: The West Omaha real estate market had 460 homes for sale in November 2024, a 10.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 3331
-6.1%
3 244216
-11.5%
4 156138
-11.5%
5+ 7970
-11.4%

Summary: The West Omaha housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 11.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
172150-12.8%

Asking Price vs. Sold Price

64 Homes Were Sold
Under Asking

41 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Omaha, you may be able to get a good deal. 46% of homes here sold below asking price last month.

Summary: A total of 150 homes were sold or pending in West Omaha in November 2024, down by 12.8% month-over-month. Of the 139 sold homes, 46% were sold under asking, 29% were sold at asking, and 24% were sold over asking.

Days on Market for West Omaha, NE

How long does it take to sell a home in West Omaha, NE?

Average Sale Time

Oct 2024Nov 2024CHANGE
15 Days16 Days+7.5%

Summary: Homes in West Omaha had an average of 16 days on market in Nov 2024, up by 7.5% compared to last month.

Breakdown of Home Sale Times

130 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Omaha are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 150 homes were sold in West Omaha; 87% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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