Welcome to this month’s Omaha Nebraska area real estate market report brought to you by Eric L. Brown Realtor. This particular report pertains to Dodge County which covers the area just Northwest of Omaha and Fremont Nebraska.
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Dodge County Housing Stats
The average closed sale price for all homes both existing and new construction in Dodge County Nebraska during June 2020 was $171,398; this is down slightly from last June’s average of $174,692.
Existing, previously owned home data
There were 47 previously owned homes to hit the market in Dodge county during June 2020, 4 of these were $89,999 or less, down from 9 in this price range during June 2019. The median days on market for this price range was 25 days in June 2020 and in June 2019 the median days on market was 10 days.
There were 6 new listings in the $89,000 to $129,999 price range, down from 11 a year ago. The median days on market for homes in this price range in June 2020 was 4 days on market as compared to 19 days on market in June 2019.
There were 17 new listings in the $130,000 to $188,999 price range, only slightly different than 18 a year ago. The average days on market for homes in this price range in June 2020 was 17 days on market as compared to 36 days on market in June 2019.
In the $189,000 and more segment there were 20 new listings to hit the market in June 2020. This is up from June 2019 when there was 17 new listings in this range. The average days on market in June 2020 for this price range in Dodge county was 49 days on market compared to 33 days on market in June 2019.
There is approximately 1.6 months of inventory available (all price points, new and existing combined), homes are averaging 31 days on market before being sold, and sellers are getting 98.3% of their original asking price.
New Construction in Dodge County Nebraska-
In June 2020 there was zero complete, never occupied new construction homes that hit the market. In June 2019 there was 3. The average price per square foot of new construction homes in the Dodge county market in June 2020 was approximately (unavailable) . In comparison the average price per square foot in June 2019 was $187.00. The average days on market for all new construction homes was (unavailable) in June 2019 as compared to days on market in June 2020.
What Does This Mean For Buyers In Dodge County Nebraska?
Buyers in Dodge County Nebraska can expect to see continued low inventory available in existing homes. The current interest rates and land prices in Dodge county makes new construction an attractive option.
The average sale price has held steady this year, and in many price ranges, there are slightly less homes listed compared to this time last year.
Buyers should have financing in place and be ready to act when they find a property that matches their criteria. Be sure to search for properties in your price.
Give me a call today so i can help find your happy home! and i will be glad to help you.
What Does This Mean For Sellers In Dodge County Nebraska?
Omaha and the Fremont area is still in a sellers market with only 1.6 months of inventory available. There is a strong demand for homes in the $120-220 price range.