Omaha Real Estate Market Report Compliments of Connie Betz
Omaha Real Estate Market Report Compliments of Connie Betz

Enjoy this July 2019 Real Estate Market Report for the Omaha and surrounding communities of Bellevue, Elkhorn, Gretna, Papillion, La Vista, Ralston, Bennington, Blair, Fort Calhoun, Waterloo, Valley, Springfield, Louisville and Plattsmouth. See all listings available for sale and set up a home search to get notified as new properties come on the market.

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Average Home Price Ranges through July 31, 2019

The Average Sale Price for single-family homes in the Omaha area through July 31, 2019.

Existing Homes $226,935
New Construction $350,564
Townhouse$211,272
Villa $317,877
Condo$184,348

Housing Market Predictions

There is still a significant inventory shortage for homes priced under $200,000. Expect to see a higher demand for homes in this price point as they come available and multiple offers.  2019 will continue to be a good real estate market for both buyers and sellers.

New & Existing Home Sales

This month, a total of 1413 homes were sold in the Omaha and surrounding areas which represents a 1.1% increase over the same time last year and a decrease of 7.5 % homes sales compared to YTD last year.

 

#Homes Sold July 2019#Homes Sold July 2018#Homes Sold YTD 2019#Homes Sold YTD 2018
1413139782577641

Existing Home Sales

This month, a total of 1293 existing homes were sold in the Omaha and surrounding areas. 3.5% more homes sold this month compared to the same time last year.  When we take a look at Year to Date home sales of existing homes, there was a 6.6% decrease in homes sold.

Closed Sales 2018Closed Sales 2019Closed Sales YTD 2018Closed Sales YTD 2019
1249129372306753

 

Average Days on Market

The Average Days on market represents the number of days between when a property is listed and when an offer is accepted in a given month.

Days on Market – 12 Month Look Back

Days on Market July 2019- Omaha Real Estate Market
Days on Market July 2019- Omaha Real Estate Market

Days on Market by Property Type

Days on Market by New Construction & Existing Home Sales - Omaha Real Estate Market Report
Days on Market by New Construction & Existing Home Sales – Omaha Real Estate Market Report

Inventory of Homes for Sale

The total number of properties available for sale at the end of the month in the Omaha area in July of 2019 was 2151, which is down 8.2% over the same time last year.

Inventory of Homes for Sale 3 year look back for Existing and New Construction Homes
Inventory of Homes for Sale 3 year look back for Existing and New Construction Homes
Inventory of homes for sale in the Omaha area - July 2019
Inventory of homes for sale in the Omaha area – July 2019

Percentage of List Price Received

Homes in Omaha are selling very close to the price they were originally listed for. Homes not priced right may be reflected in the number of expired listings rather than sales.

Percentage of List Price Received July 2019
Percentage of List Price Received July 2019

Expired Listings in Omaha Nebraska

There were 189 home listings that expired in the month of July in the local Omaha area. 1628 listing contracts expired so far in 2019.

The seller may have relisted with the same agent, another agent, or may have postponed selling their house altogether. Another seller option is deciding to lease the property for rental income rather than selling.

Mortgage rates are still very low and Omaha is still a hot market for the home seller.

Bellevue Market Values

The Bellevue Nebraska Housing Market ended July 2019 with the average home price of $209,968, a drop of $5,038 from June’s average of $204,930. This does not predict a drop in home prices necessarily.

 

MLS Chart

Singe Family Homes$210,976
Townhouse$151,000

 

 

Papillion Market Values

The Papillion Nebraska Housing Market ended July 2019 with an increase in the average single-family home price over the previous month of $5,832.

20182019
$311,957$317,789

Elkhorn Market Values

The Elkhorn Nebraska Housing Market ended July 2019 with the average home price of $369,809, which is an increase of more than $35,000 over the previous month.

Bennington Market Values

The Bennington Nebraska Housing Market ended July 2019 with the average home price of $320,281, which is an increase of more 7.4% over the previous month.

LaVista Market Values

The LaVista Nebraska Housing Market ended July 2019 with the average home price of $259,440, which is a decrease of 3.8% from the previous month.

Ralston Market Values

The Ralston Nebraska Housing Market ended July 2019 with the average home price of $175,782, which is a decrease of 5.9% from the previous month.

Historical Inventory of Homes for Sale By Month

Historical Inventory of Homes for Sale By Month July 2019
Graph of the Historical Inventory of Homes for Sale By Month July 2019

 

Historical Inventory of Homes for Sale for both Existing and New Construction Homes By Month July 2019
Historical Inventory of Homes for Sale for both Existing and New Construction Homes By Month July 2019

 

Historical Inventory of Homes for Sale Month over Month for Existing & New Construction Homes - July 2019
Historical Inventory of Homes for Sale Month over Month for Existing & New Construction Homes – July 2019

Home Values by City

The Average Home Sale Price of Homes for Sale in Omaha and surrounding Communities by City

 July 2019
Bellevue $209,968
Bennington $320,281
Blair $181,350
Elkhorn $369,806
Fort Calhoun $300,666
Fremont $191,002
La Vista $259,442
Lincoln $227,943
Louisville $291,793
Omaha $244,642
Papillion $317,789
Plattsmouth $185,277
Ralston $175,782
Springfield $282,656
Valley $401,337
Waterloo $760,666

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Average Home Sale Prices by Zip Code, City & County

Search the average home sale price by city, zip code or County.  Use the Search Box at the top right corner to quickly find the information you are looking for.

Zip CodeCityCountyAverage Sale Price for July 2019
68005BellevueSarpy$184,620
68007BenningtonDouglas$313,939
68008BlairWashington$176,926
68022ElkhornDouglas$409,263
68023Fort CalhounWashington$300,666
68028GretnaSarpy$297,498
68046PapillionSarpy$334,190
68048PlattsmouthCass$185,277
68059SpringfieldSarpy$337,387
68064ValleyDouglas$414,701
68069WaterlooDouglas$760,666
68102OmahaDouglas$294,441
68104OmahaDouglas$159,733
68105OmahaDouglas$168,462
68106OmahaDouglas$197,767
68107OmahaDouglas$144,260
68108OmahaDouglas$155,857
68110OmahaDouglas$55,000
68111OmahaDouglas$70,163
68112OmahaDouglas$175,276
68114OmahaDouglas$271,925
68116OmahaDouglas$277,015
68117OmahaDouglas$129,546
68118OmahaDouglas$376,036
68122OmahaDouglas$205,437
68123BellevueSarpy$243,068
68124OmahaDouglas$264,625
68127Omaha, RalstonDouglas$292,456
68128La VistaDouglas$257,538
68130OmahaDouglas$369,254
68131OmahaDouglas$157,127
68132OmahaDouglas$301,218
68133PapillionSarpy$285,235
68134OmahaDouglas$194,411
68135OmahaDouglas$256,962
68136OmahaDouglas$311,123
68137OmahaDouglas$193,502
68138OmahaSarpy$189,370
68142OmahaDouglas$338,873
68144OmahaDouglas$206,443
68147BellevueSarpy$149,459
68152OmahaDouglas$234,985
68154OmahaDouglas$341,555
681547OmahaSarpy$200,500
68164OmahaDouglas$256,664
Douglas$253,574
Sarpy$267,451
Cass$200,500
Washington$256,664
Average Home Sale Price by Zip Code, City & County July 2019
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