Omaha, Nebraska Residential Real Estate Market Update: Recent Price Trends & Statistics

Thinking about buying or selling a home in Omaha, Nebraska? Let’s take a look at how the residential real estate market is shaping up this year. Whether you’re a first-time buyer, a seasoned investor, or just curious about what’s happening in your neighborhood, here’s what you need to know about recent price trends and key statistics in Omaha’s housing market.

Steady Growth in Home Prices 🏡

Over the past year, Omaha’s residential real estate market has continued its upward climb. Median home prices have seen a steady increase, reflecting both strong demand and limited inventory. As of early summer 2025, the median sale price for single-family homes in Omaha is hovering around $295,000—a rise of roughly 4% compared to the same period last year.

This growth is a testament to Omaha’s appeal: a blend of affordability, vibrant neighborhoods, and a strong local economy. While prices aren’t skyrocketing like in some coastal markets, Omaha’s steady appreciation makes it a reliable market for both buyers and sellers.

Inventory Remains Tight

One of the biggest stories in Omaha’s market is inventory—or rather, the lack of it. The number of homes available for sale remains below historic averages. Many listings are receiving multiple offers, and homes are selling quickly—often within two weeks of hitting the market.

For buyers, this means competition is fierce, especially for move-in-ready homes in popular neighborhoods like Dundee, Benson, and West Omaha. Sellers, on the other hand, are enjoying shorter listing times and strong offers, sometimes above asking price.

Who’s Moving to Omaha?

Omaha continues to attract newcomers from across the Midwest and beyond. Young professionals are drawn by job opportunities in tech, healthcare, and finance, while families appreciate the city’s excellent schools and parks. This steady influx of new residents is helping to keep demand high and prices resilient.

Interest Rates: A Balancing Act

Mortgage rates have fluctuated over the past year, with many buyers locking in rates around 6-6.5%. While higher than the ultra-low rates of a few years ago, these rates haven’t dampened demand much—Omaha’s affordability compared to larger metros still makes it an attractive place to buy.

Looking Ahead

So what’s next for Omaha’s residential real estate market? Experts predict continued steady growth through the end of 2025. While inventory may slowly increase as new construction ramps up, demand is expected to remain strong, keeping prices on a gradual upward trend.

Whether you’re planning to buy, sell, or simply keep an eye on the market, Omaha remains a city where real estate dreams are within reach. Stay tuned for more updates—and don’t hesitate to reach out if you have questions about your specific neighborhood or situation!