Omaha, NE Housing Market: What to Expect in 2025?

Name: Omaha, NE Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Supply

Demand

Buy or Sell

Omaha Housing Market Overview

The Omaha, NE, real estate market shows signs of cooling, with home prices dipping slightly, even as home sales pick up. The median home price is now $260,000, down 0.6% compared to this time last year. This month, 382 homes were sold — a 3.2% year-over-year increase — and properties spend a median of just 20 days on the market.

Omaha offers a wide range of housing options to fit different lifestyles and budgets. Its strong job market, affordable cost of living, and Midwest charm attracts buyers who seek value and quality of life. Whether you're a first-time homebuyer or looking to upgrade, Omaha will have a home for you.

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Omaha Housing Supply

Omaha's real estate market consistently draws buyers with its affordability, job market, and amenities. Currently, there are 402 houses for sale in Omaha, down 5% from the same time last year. With just 1.1 months of supply, the market is highly competitive, even though the number of new listings has increased. This month, 509 new homes hit the market — a 40.6% jump from the previous month.

Omaha sees seasonal shifts in housing supply. More homes are typically listed in the spring and summer, as sellers aim to move before winter sets in. During this period, buyers should be ready to act quickly, as homes are spending fewer days on the market. It's also a good idea to watch for price drops or negotiate seller concessions to help offset closing costs.

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Omaha Housing Demand

The Omaha, Nebraska, real estate market shows moderate demand with signs of cooling. 22.1% of homes sell above the asking price, while 30.4% have seen price reductions — a sign that sellers have to adjust expectations. The average sale-to-list price ratio sits at 98.8%, which means that most homes still sell close to their asking price. However, bidding wars are less common than other hot markets.

Sellers who price their homes correctly from the beginning are less likely to need price drops later. You can also make your property more appealing if you offer seller concessions. Moreover, listing your home on the Nebraska MLS boosts your property's visibility and increases your chances of receiving competitive offers.

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Strong
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Balanced

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Buyer’s Market

Seller’s Market

Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Omaha Housing Market: When to Buy or Sell?

The housing market in Omaha follows trends similar to the broader US real estate market. When inventory increases, it causes the competition to dip, and buyers enjoy more flexibility. However, when demand outpaces supply, sellers see stronger offers and quicker sales.

If the supply period is between 5 and 6 months, buyers have more time to evaluate their options. But with just 1.1 months of supply, sellers in Omaha are more likely to receive multiple offers at or above the asking price. Tracking both the Nebraska housing market and national trends can help both buyers and sellers achieve favorable results.

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Omaha Housing Market

Frequently Asked Questions

How has the average home price in Omaha, NE, changed over the past year?

The median home price in Omaha has decreased by 0.6% over the past year, bringing the current value to $260,000. If you're curious about your home's worth in today's shifting market, try out our free home value estimator.

What are Omaha housing market predictions for 2025?

The Omaha real estate market is expected to remain relatively stable in 2025, with modest price changes and balanced activity. Home prices may see slight fluctuations, and higher mortgage rates could impact affordability, particularly for entry-level buyers.

What is the average home price in Omaha?

The average home prices in Omaha, Nebraska, vary depending on the location, property type, and size. Prices typically range from around $245,750 for condos to $270,000 for single-family homes. If you're looking to buy, you can find a variety of Omaha, Nebraska, houses for sale to suit your budget.

Is the Omaha housing market slowing down?

Yes, the Omaha housing market is showing early signs of slowing down. Home prices have dipped slightly, more sellers are reducing prices, and homes are taking a bit longer to sell compared to last year. However, demand remains steady, and low inventory is still keeping the market competitive.

Where can I check Omaha housing market trends?

Omaha's housing market is active but showing signs of cooling, with stable demand and more price drops. Check Omaha's real estate trends to decide the best time to buy or sell.

When will the Omaha housing market crash?

A crash in the Omaha housing market is unlikely. While prices have dipped slightly and the market is cooling, steady demand and low inventory should continue to support stability.

How to buy a house in Omaha?

Start with a clear budget and mortgage pre-approval. Next, search for Omaha, Nebraska, homes for sale, submit offers, secure loans, and complete the closing process.

How can I list my house for sale in Omaha, NE?

You can list your house with a Flat Fee MLS Nebraska listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate in Omaha for buyers?

The average mortgage rate for buyers across the state fluctuates from 6.8% to 7%. But it depends on the market and the borrower's credit score. Always check rates with multiple lenders before you commit.

What is the cost of living in Omaha, Nebraska?

Omaha's cost of living is 7% lower than the national average and 2% higher than the state average. Housing in the city is 15% cheaper than the US median, and utilities cost 7% less. Everyday essentials and groceries in Omaha are also relatively affordable.

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