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<p>In Omaha, January 2024 saw the highest number of sold properties at 4906, hinting at a possible seasonal market peak, while November 2023 recorded the highest property count at 605. Conversely, January 2024 had the lowest number of properties available at 459. Understanding these fluctuations can help sellers and buyers make well-informed decisions on when to enter the market.</p>
<figure id="attachment_25114" aria-describedby="caption-attachment-25114" style="width: 1451px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25114" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/02/Homes-for-Sale-Omaha-NE.png" alt="Homes for Sale Omaha NE" width="1451" height="552" /><figcaption id="caption-attachment-25114" class="wp-caption-text">Homes for Sale Omaha NE</figcaption></figure>
<p>Throughout 2023, Omaha, NE experienced fluctuations in property values and demand by month. Notably, the average sold price for the region is currently approximately $230,293, and the median price per square foot is up to around $172, providing a range of options for buyers with different budgets.</p>
<figure id="attachment_25112" aria-describedby="caption-attachment-25112" style="width: 1438px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25112" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/02/Omaha-NE-homes-prices-2023.png" alt="Omaha NE homes prices 2023" width="1438" height="547" /><figcaption id="caption-attachment-25112" class="wp-caption-text">Omaha NE homes prices 2023</figcaption></figure>
<p>In recent months, specifically from August 2023 to January 2024, we’ve noticed an slight upward trend: despite a slight average sold price decrease in January 2024, the median sold price per square foot has been gradually increasing. This discrepancy might be due to the type of properties sold – perhaps smaller, higher-quality properties are more in demand now, pushing up the price per square foot.</p>
<figure id="attachment_25113" aria-describedby="caption-attachment-25113" style="width: 1446px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25113" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/02/Price-per-sq-ft-Omaha-NE.png" alt="Price per sq ft Omaha NE" width="1446" height="692" /><figcaption id="caption-attachment-25113" class="wp-caption-text">Price per sq ft Omaha NE</figcaption></figure>
<p>Moreover, there was a noticeable difference in property prices between Douglas County and Sarpy County. On average, Douglas County has higher property values per square foot, signifying potentially higher property values or higher demand. Only in June and July 2023 did Sarpy County’s median sold prices drop slightly below Douglas County, showing that the latter generally has a higher property value trend.</p>
<p>However, median sold prices are not all there is to property value. The median price per square foot consistently sits higher in Douglas County, hinting at a market in which property value, and possibly the density of amenities and services, are concentrated into smaller spaces.</p>
<h2>Property Trends in Nearby Cities</h2>
<p>Honing in on nearby cities, our data shows substantial variation amongst them. West Point, NE, despite a wide range of median values, maintains a stable median sold price per square foot. This stability implies consistent property type and size offerings throughout the period under review.</p>
<p>On the other hand, Yutan and Waterloo depict substantial price fluctuations. Yutan, NE, demonstrates a significant swing in median sold prices, peaking in December 2023 at $395,000 and dropping to its lowest in November 2023 at $229,275. Waterloo, NE, stands out as the most lucrative market with high median values and price per square foot. September 2023 recorded the highest median sold price per square foot at a staggering $316.</p>
<h2>Overall Market Data</h2>
<p>Taking into account the entire market, ~80% of properties are currently active and up for sale, with a relatively high median list price of $284k. These properties typically offer a slightly lower median list price per square foot ($159) compared to the region’s average sold price per square foot. This price point might attract buyers who favor larger properties and are willing to invest in quality improvements.</p>


Market Reports

Omaha Real Estate Market Thrives Amidst Fluctuations – A Look At Early 2023 to 2024 Trends

Omaha’s real estate market displayed significant activity with a seasonal peak in sold properties and fluctuations in property values and demand, alongside notable price differences between Douglas and Sarpy Counties and varied trends in nearby cities, indicating a dynamic and diverse housing market

Omaha Real Estate Market Thrives Amidst Fluctuations – A Look At Early 2023 to 2024 Trends - RealtyTrac

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Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

Florida

Real Estate Report Tampa Florida

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024

Tampa’s real estate market demonstrated steady growth from May 2023 to April 2024, with rising property values and robust sales volumes. Comparative data also highlights Tampa’s appeal over neighboring cities.

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024 - RealtyTrac

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New York

Corpus Christi Real Estate Experiences Tidal Surge in Property Values

The Corpus Christi, Texas real estate market is experiencing a rise in property values, offering potential for long-term investors. The city’s market stability, neighborhood diversity, and promising economic growth present a dynamic environment for various types of buyers.

Corpus Christi Real Estate Experiences Tidal Surge in Property Values - RealtyTrac

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California

Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.

Market Trend Report For Bakersfield, California – March 2024 - RealtyTrac

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Omaha Real Estate Market Thrives Amidst Fluctuations – A Look At Early 2023 to 2024 Trends

$360,000