Nebraska Real Estate Trends - A New Way to Look at Nebraska Realty
Despite a slow economic recovery, and some minor ups and downs each month, the average list price for Nebraska read estate has remained rather steady since the end of 2011. Single family units changed from $145,000 to $163,000 and condos from $169,000 to $176,000. Perhaps these steady prices have encouraged buyers to take a chance on Nebraska real estate since the inventory has started selling more rapidly. On average condos are listed for approximately 150 days and the average house takes over 140 days to sell.
The condo and townhouse sector of the Nebraska real estate market appears to be performing quite well. Average sale prices of $170,000 are actually above the current average list price. The detached family home market in Nebraska real estate isn't fairing nearly so well and in some recent months the average sale price has been as much as 23% below the average list price of $170,000.
Over 39% of all listings in the Nebraska real estate market are undeveloped lots and land for sale. While some of these properties are city lots, there are also plenty of large parcels available for the creative builder. Both commercial investors and individuals looking for a rural getaway will be tempted by the wide variety of offerings available in Nebraska. Some properties can be over 4,000 acres and are listed at a whopping $5 million dollars.
Most Expensive Nebraska Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Papillion, NE Homes for Sale | $285,274 | 4.20% | |
| Lincoln, NE Homes for Sale | $238,257 | 1.15% | |
| Omaha, NE Homes for Sale | $196,633 | 1.36% | |
| Grand Island, NE Homes for Sale | $196,133 | 3.12% | |
| Fremont, NE Homes for Sale | $186,409 | 22.33% |
Least Expensive Nebraska Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Bellevue, NE Homes for Sale | $164,735 | 9.69% | |
| Fremont, NE Homes for Sale | $186,409 | 22.33% | |
| Grand Island, NE Homes for Sale | $196,133 | 3.12% | |
| Omaha, NE Homes for Sale | $196,633 | 1.36% | |
| Lincoln, NE Homes for Sale | $238,257 | 1.15% |
Top 5 Nebraska Cities for Families
| City | Homes with Children |
Crime vs. Natl. Avg. |
|---|---|---|
| Lexington, NE Local Info | 45.00% | 0.98 |
| South Sioux City, NE Local Info | 41.00% | 0.99 |
| Papillion, NE Local Info | 39.00% | 0.34 |
| Chalco, NE Local Info | 38.00% | 0.23 |
| Grand Island, NE Local Info | 38.00% | 1.32 |
Top 5 Nebraska Cities for Singles
| City | Unmarried | Female to Male |
|---|---|---|
| Omaha, NE Local Info | 63.00% | 51% / 49% |
| Kearney, NE Local Info | 62.00% | 51% / 49% |
| Scottsbluff, NE Local Info | 62.00% | 53% / 47% |
| Lexington, NE Local Info | 61.00% | 49% / 51% |
| South Sioux City, NE Local Info | 61.00% | 50% / 50% |
Largest Increase in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.
Largest Decrease in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.
Most Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Least Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Top 5 Cities for Families Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.
Top 5 Cities for Singles Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.