Nebraska
Housing Market
The landscape of Nebraska's housing market evolves with shifting home prices and demand. Houzeo's housing market report tracks these changes in supply and demand across Nebraska. Our report offers real-time insights to help you make informed decisions.
Overview
Supply
Demand
Buy or Sell
Market Insights
MigrationNebraska Housing Market Overview
Home prices in Nebraska have increased by 0.6% over the past year. The median sale price now stands at $277,400 statewide. Sellers maintain a significant advantage with prices continuing on their upward trajectory, especially with a 2.6% increase in sales volume. The number of homes sold increased from 1,176 to 1,195 properties this January.
What's more, the Nebraska housing market boasts a median of just 38 days on the market. This rapid selling timeline remains well in seller's market territory.
What Does It Mean for Home Buyers and Sellers?
What's more, the Nebraska housing market boasts a median of just 38 days on the market. This rapid selling timeline remains well in seller's market territory.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: The Nebraska real estate market remains competitive despite moderate price growth. Houses for sale in Nebraska typically sell within just 38 days. This rapid timeline requires quick decision-making on your part. Under these circumstances, you should secure pre-approval before starting your search. Also, focus on neighborhoods where you can act decisively when opportunities arise.
- If You're a Seller: NE houses currently enjoy a strong market advantage. The Nebraska real estate market maintains a tight 38-day selling timeline. So, it's key to price your Nebraska home strategically to maximize your strong position. You can expect continued interest as inventory remains lower than buyer demand. Professional photography and staging can further strengthen your market position.
Nebraska Housing Supply
Houses for sale in Nebraska increased to 4,714 available properties this January. It's a substantial 14.1% rise in overall inventory year-over-year. This indicates the strengthening of Nebraska's housing inventory. Yet, real estate in Nebraska remains undersupplied despite this recent growth trend.
New listings surged with 1,516 homes in Nebraska entering the market recently. This dramatic 22.5% increase indicates that more homeowners are choosing to sell now. The Nebraska housing supply currently stands at just 2 months statewide. This figure remains constant year-over-year despite significant inventory growth.
What Does It Mean for Home Buyers and Sellers?
New listings surged with 1,516 homes in Nebraska entering the market recently. This dramatic 22.5% increase indicates that more homeowners are choosing to sell now. The Nebraska housing supply currently stands at just 2 months statewide. This figure remains constant year-over-year despite significant inventory growth.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: Nebraska housing inventory has grown significantly, which gives you more options to consider in the current Nebraska real estate market. However, the 2-month supply confirms that sellers maintain a market advantage. Act decisively when you find houses in Nebraska that meet your criteria. You can explore newly listed homes for potentially less competition. Make sure you prepare strong offers, as limited supply continues despite inventory growth.
- If You're a Seller: Nebraska homes for sale are selling quickly, with just 2 months of supply. Your Nebraska house faces more competition with 4,714 new properties now available. The 14.1% inventory increase requires more strategic pricing decisions on your part. Your property for sale in Nebraska must stand out immediately among growing listing numbers. Professional marketing ensures maximum visibility in this competitive environment. Also, you should price correctly from the start to capture serious buyer attention.
Nebraska Housing Demand
The Nebraska housing market shows strong but slightly moderating demand patterns. Houses for sale in Nebraska achieved above-list prices in 17.9% of transactions. This represents a 2.7 point decrease from January last year. The Nebraska real estate landscape maintains competitive dynamics despite subtle shifts. Buyers still pay close to the asking price in most situations.
However, 26.3% of Nebraska real estate saw price drops recently. This marks a 6.6 point increase from 19% last January. The average sale-to-list price ratio stands at a robust 97.5%. This ratio decreased by only 0.45 points from the previous year.
What Does It Mean for Home Buyers and Sellers?
However, 26.3% of Nebraska real estate saw price drops recently. This marks a 6.6 point increase from 19% last January. The average sale-to-list price ratio stands at a robust 97.5%. This ratio decreased by only 0.45 points from the previous year.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: Nebraska real estate offers slightly improved negotiating conditions for you this year. Look specifically for listed homes in Nebraska that have recently dropped their asking prices. These properties often indicate motivated sellers who are open to further negotiation. Houses for sale in Nebraska still move quickly despite market softening. So, ensure that you make solid offers on the homes you truly want.
- If You're a Seller: The Nebraska housing market has some aspects in your favor. If you price your Nebraska home accurately from day one, you can avoid reductions. The 26.3% of homes requiring price cuts were initially overpriced. Your property will likely sell for 97.5% of the asking price. You can create competitive buyer interest through strategic pricing and presentation.
Is it a Buyer's or Seller's Market in Nebraska?
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Seller: Housing demand exceeds supply and drives the prices up. Homes sell fast and get multiple offers from buyers.
Is it a Buyer's or Seller's Market in Nebraska?
Nebraska is currently a seller's market, with increasing shifts toward balance. Nebraska house prices inched up only 0.6% YoY to $277,400. This minimal increase suggests that market cooling has begun. Houses in Nebraska still sell quickly with just 38 days on the market. The short timeline pressures buyers to act fast. Yet the 6-day increase indicates momentum change.
The Nebraska housing inventory reveals the market's competitive nature. Available homes increased 14.1% to 4,714 total listings. This growth comes from more owners listing homes this year. New listings also jumped 22.5% as sellers responded to market conditions. However, supply still remains tight at just 2 months of inventory. This limited selection of Nebraska homes for sale still gives sellers significant leverage.
At the same time, the competitive metrics show gradual market shifts toward balance. Homes in Nebraska that command above-list prices dropped to 17.9% this year. More sellers must reduce prices to attract buyers now. Price reductions increased to 26.3% of all listings. While sellers still receive 97.5% of their asking prices, these indicators point to a market that's slowly becoming more balanced.
Nebraska Housing Market Insights
Houses for sale in Nebraska favor sellers in current conditions. Inventory remains tight with just 2 months of supply. Nebraska real estate listings move fast at only 38 days. Sellers should list now before competition increases further. Price your home at market value for fast results. Stage your property to stand out among the listed houses in Nebraska. Almost 18% of homes fetch prices above list value. However, market shifts are on the horizon with inventory growth of 14.1%.
If you're buying a house in Nebraska, it's advisable to get a mortgage pre-approval. Nebraska real estate listings show a price growth of only 0.6%. Keep an eye out for houses in Nebraska with recent price cuts, and target properties that sit beyond the 38-day market average. Buyers will soon find more power at the negotiation table. Sellers must price homes correctly from the start now. As it stands, the market is making gradual adjustments rather than dramatic drops. Both parties should act decisively in the current Nebraska housing market.
If you're buying a house in Nebraska, it's advisable to get a mortgage pre-approval. Nebraska real estate listings show a price growth of only 0.6%. Keep an eye out for houses in Nebraska with recent price cuts, and target properties that sit beyond the 38-day market average. Buyers will soon find more power at the negotiation table. Sellers must price homes correctly from the start now. As it stands, the market is making gradual adjustments rather than dramatic drops. Both parties should act decisively in the current Nebraska housing market.
Nationwide Migration Trends
Nebraska experienced significant inbound migration in recent times. As per the latest US census data, over 48,500 new residents moved into the state. Many Nebraskans also choose to migrate to other states like Texas, Iowa, and Utah.
This migration pattern reflects the broader cost of living index trends. Nebraska's index is a good 9.9% lower than the national average.
This migration pattern reflects the broader cost of living index trends. Nebraska's index is a good 9.9% lower than the national average.
Check the Real Estate Trends in Your State
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Frequently Asked Questions
How have home prices changed in Nebraska over the past years?
Average home prices in Nebraska have continued to rise over the past years, driven by low inventory. The median home prices in Nebraska have increased at an annual rate of 0.6%. You can check your home's fair market value with a free home value estimator.
Are prices in the housing market dropping in Nebraska?
No, prices in the Nebraska housing market aren't dropping broadly, but they show varied local trends. Statewide prices rose 0.6% YoY in January 2025. Markets like Grand Island and Bellevue saw significant gains. Experts forecast sustained growth in 2025, though the rise in homes for sale in Nebraska may moderate prices in overvalued areas.
What's the average home price in Nebraska?
The average home price in Nebraska varies depending on location, size, and market conditions. It typically ranges from $227,400 for condos to $280,000 for single-family homes.
What is the Nebraska housing market forecast for 2025?
The Nebraska housing market is expected to stabilize in 2025, with steady price growth and rising mortgage rates. The inventory of NE houses is also projected to increase enough to stabilize the current low supply market.
What is the average mortgage rate for home buyers in Nebraska?
The average mortgage rate for home buyers in Nebraska fluctuates between 6.23% and 6.75%. When you apply for a mortgage, make sure to check your credit score and the current mortgage rates with lenders.
How does the Nebraska housing market compare to the national market?
The Nebraska housing market demonstrates weaker performance than the national market, as evidenced by the modest price growth and active sales numbers. But the state's tight 2-month supply indicates intense competition. These conditions maintain Nebraska's position as a seller's market, albeit with gradual shifts towards balance.
Is now a good time to buy or sell a home in Nebraska?
It depends on the current trends in housing prices and inventory in your city. Sellers can benefit from the high demand and rising prices. However, if mortgage rates are stable with more than 6 months of supply, it's the best time to buy a house in Nebraska.
Which are the cheapest places to buy a house in Nebraska?
Alliance and Beatrice emerge as top choices for value-seeking buyers in Nebraska. These cities offer median home prices well below the state average of $227,400. Both cities rank among the cheapest places to live in Nebraska, alongside other promising locations for budget-conscious homebuyers.
Is the housing market going down in Nebraska?
It's implausible that the housing market in Nebraska will crash. Prices are projected to experience sustained growth to match the increasing demand in 2025.
What is the cost of living in Nebraska?
The cost of living in Nebraska sits at an index of 90.1. The state costs 9.9% less than the national average. Its housing index of 78.4 also reflects lower home prices. A median home costs $227,400 in Nebraska today, 33.7% lower than the national median. You can find out more with our free Nebraska cost of living calculator.
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