🏡 June Market Snapshot: What Buyers and Sellers Need to Know in Omaha
As we step into June, Omaha's real estate market continues to showcase its resilience and dynamism. Whether you're contemplating buying, selling, or simply staying informed, here's the latest on home prices, inventory, and mortgage rates in our area.
📊 Home Prices
Median Sale Price: As of April 2025, the median home price in Omaha is approximately $280,000, reflecting a 1.8% increase compared to the same time last year. Redfin
Average Home Value: The average home value stands at $291,349, marking a 1.4% rise over the past year. Zillow
🏘️ Inventory & Market Activity
Homes Sold: In April 2025, 410 homes were sold in Omaha, a slight decrease from 455 homes sold in April 2024. Redfin+1Rocket+1
Days on Market: Homes are selling swiftly, with an average of 14 days on the market, compared to 9 days last year. Redfin
Market Competitiveness: Approximately 38.4% of homes sold above the asking price, indicating a competitive market landscape. Steadily
💰 Mortgage Rates
Current Rates: As of May 19, 2025, the average 30-year fixed mortgage rate in Nebraska is 6.99%, with no change from the previous week. Yahoo Finance+3Mortgage News Daily+3Zillow+3
Rate Outlook: Following a recent U.S. credit downgrade, mortgage rates have experienced upward pressure, potentially exceeding 7% for 30-year fixed mortgages. marketwatch.com+6Investopedia+6axios.com+6
🔍 What This Means for You
For Buyers: The market remains competitive, but with homes selling quickly, being pre-approved and ready to act is crucial. Higher mortgage rates mean it's essential to understand your budget and lock in rates when favorable.
For Sellers: With a significant percentage of homes selling above asking price and a low average days on market, it's an opportune time to list. Proper pricing and staging can further enhance your home's appeal.
