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

Enjoy this 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.

Get the Value of Your Home NOW!

Average Home Price Ranges

The Average Sale Price for single-family homes in the Omaha area.

Average Sold Price This Month
 Existing Homes $238,343
 New Construction $367,353
 Townhouse $201,669
 Villa $307,163
 Condo $216,468

Housing Market Predictions

Interest rates are decreasing and the market still has a very low inventory of homes for sale which is making it challenging for home buyers to find and purchase a home.  The lower interest rates probably won’t be able to help first time home buyers as the lower rate doesn’t solve a lack of inventory nor historically high home prices.

 

New Construction
New Construction

NEW CONSTRUCTION

New listings increased 5.8%; Pending sales decreased 20.6% and Total Inventory decreased 12.7% for New Construction. Median Closed Price increased 7.2%, Days on Market decreased 13.2% and Months Supply of Inventory increased 3.6%.

 

Existing Home Sales
Existing Home Sales

 

 

EXISTING HOME SALES

New listings decreased 5.2%; Pending sales decreased 5% and Total Inventory decreased 10.9% for Existing Homes. Median Closed Price Increased 11.1%, Days on Market remained flat and Months Supply of Inventory decreased 5.9%.

New & Existing Home Sales

This month, a total of 1484 homes were sold in the Omaha and surrounding areas which represents a decrease of 13.1% over the same time last year and a decrease of 7.4 % homes sales compared to YTD last year.

#Homes Sold Aug 2018 #Homes Sold Aug 2019 #Homes Sold YTD 2018 #Homes Sold YTD 2019
1290 1484 9743 9023

Existing Home Sales

This month, a total of 1298 existing homes were sold in the Omaha and surrounding areas, which is a -9.1% 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% decrease in homes sold.

 Closed Sales 2018  Closed Sales 2019  Closed Sales YTD 2018  Closed Sales YTD 2019
1298 1180 8528 8014

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

Average Days on Market
Average Days on Market August 2019

 

Days on Market by Property Type

Average Days on Market by Property Type
Average Days on Market by Property Type August 2019

Inventory of Homes for Sale

The total number of Existing Homes for sale at the end of the month in the local Omaha area was 1,606 which is -10.9% over the same time last year.

New Construction was at 651 homes for sale at the end of the month, which is -12.7% over the same time last year.

Inventory of Homes for Sale
Inventory of Homes for Sale – August 2019

 

Inventory of Homes for Sale
Inventory of Homes for Sale – Percentage – August 2019

Percentage of List Price Received

Due to the low inventory of homes for sale, homes in Omaha are selling very close to the price they are originally listed for, which is great new for Homes Sellers in the Omaha area.

New Construction homes are up .4% which is the first time they are not in the negative.  Existing homes are also up .4%.

Percent of List Price Received
Percent of List Price Received for Home Sellers in August 2019

Expired Listings in Omaha Nebraska

There were 174 home listings that expired in the month of August in the local Omaha area. 1895 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 the month with the average home sold price of $213,546, an increase of $3,578 from the previous month.

Average Sold Price
 Single Family Home $213,546
 Townhouse $165,500

Papillion Market Values

The Papillion Nebraska Housing Market ended the month with a decrease in the average single-family home price over the previous month of $14,000.

 Last Month  This Month
$319,081 $304,111

Elkhorn Market Values

The Elkhorn Nebraska Housing Market ended the month with the average home price of $409,988 which is an increase of more than $40,000 over the previous month.

Bennington Market Values

The Bennington Nebraska Housing Market ended the month with the average home price of $321,935 which is an increase of more 1.6% over the previous month.

LaVista Market Values

The LaVista Nebraska Housing Market ended the month with the average home price of $235,242 which is a decrease of 10.2% from the previous month.

Ralston Market Values

The Ralston Nebraska Housing Market ended the month with the average home price of $189,542, which is an increase of 7.8% from the previous month.

Home Values by City

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

 City  Average Sold Price
 Bellevue $210,598
 Bennington $321,935
 Blair $189,865
 Elkhorn $409,988
 Fort Calhoun $320,333
 Fremont $181,064
 La Vista $235,242
 Lincoln $228,783
 Louisville $242,416
 Omaha $237,285
 Papillion $304,111
 Plattsmouth $236,422
 Ralston $189,542
 Springfield $310,071
 Valley $252,677
 Waterloo $694,177

Get Your Instant Home Value In This Free Report 


Average Home Sale Prices by Zip Code, City & County

Search the average home sale price by city, zip code or County.

Zip Code City County Average Sales Price
 68005  Bellevue  Sarpy $169,681
 68007  Bennington  Douglas $321,294
 68008  Blair  Washington $189,865
 68022  Elkhorn  Douglas $396,060
 68023  Fort Calhoun  Washington $320,333
 68028  Gretna  Sarpy $289,168
 68046  Papillion  Sarpy $308,807
 68048  Plattsmouth  Cass $241,199
 68059  Springfield  Sarpy $297,583
 68064  Valley  Douglas $252,677
 68069  Waterloo  Douglas $694,177
 68102  Omaha  Douglas $238,050
 68104  Omaha  Douglas $155,065
 68105  Omaha  Douglas $171,096
 68106  Omaha  Douglas $180,379
 68107  Omaha  Douglas $103,782
 68108  Omaha  Douglas $187,155
 68110  Omaha  Douglas $64,000
 68111  Omaha  Douglas $80,605
 68112  Omaha  Douglas $138,312
 68114  Omaha  Douglas $321,785
 68116  Omaha  Douglas $264,220
 68117  Omaha  Douglas $140,388
 68118  Omaha  Douglas $302,363
 68122  Omaha  Douglas $190,939
 68123  Omaha  Douglas $235,379
 68124  Omaha  Douglas $303,032
 68127  Omaha  Douglas $190,584
 68128  Omaha  Douglas $234,043
 68130  Omaha  Douglas $381,211
 68131  Omaha  Douglas $223,093
 68132  Omaha  Douglas $331,188
 68133  Papillion  Sarpy $291,483
 68134  Omaha  Douglas $175,131
 68135  Omaha  Douglas $280,246
 68136  Omaha  Douglas $308,714
 68137  Omaha  Douglas $189,886
 68138  Omaha  Sarpy $174,043
 68142  Omaha  Douglas $324,436
 68144  Omaha  Douglas $203,478
 68147  Bellevue  Sarpy $195,580
 68152  Omaha  Douglas $217,545
 68154  Omaha  Douglas $266,934
 68157  Omaha  Sarpy $182,250
 68164  Omaha  Douglas $210,831
 Douglas $210,444
 Sarpy $253,072
 Cass $242,993
 Washington $244,360

Share