Top Small Teams in Omaha, Nebraska – Ranked By Sides

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2023 Omaha, Nebraska Housing Market Summary

Omaha, Nebraska started 2023 with a total of 460 single-family homes on the market, with a median home price of $327,375 and an average price per square foot of $170. By the end of the year, inventory had increased to 698 homes on the market (+51%), with a median home price of $363,741 (+11%) and an average price per square foot of $174 (+2%).

At the start of 2023, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 70 days.

Omaha started the year with 42% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 39% of Omaha homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Omaha started 2023 as a seller’s market, with an MAI score of 40; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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