Welcome to this month’s Omaha Nebraska area real estate market report brought to you by Eric L. Brown Real Estate Agent. This particular report pertains to Sarpy County which covers the area just South of Omaha and includes the cities of Bellevue, La Vista, Springfield and Gretna
If you are in the market for a new home, use our home search tool to find properties in your price range. Give us a call and we can answer your home buying questions.
If you are thinking of selling your home, you can take advantage of our free home valuation tool to get an idea of your home’s worth. We can list and market your home to qualified buyers to get your home sold quickly.
Sarpy County Housing Stats
The average closed sale price for all homes both existing and new construction in Sarpy County Nebraska during June 2020 was $281,262; this is up slightly from last June’s average of $259,466.
In Sarpy county there is approximately 1.3 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 100.30% of their original asking price.
Existing, previously owned home data for June 2020 by price range
$159,000 or Less
There were 30 homes in this price range that hit the market in June 2020 this compared to 47 homes in June 2019.
The average days on market for this price range in June 2020 was 24 days as compared to 7 days in June 2019.
There was 29 homes pending in this price range in June 2020 versus 44 homes.
The absorption rate or months supply for this price range is .3 months as of June 2020
$160,000 to $224,999
There were 115 homes in this price range that hit the market in June 2020 this compared to 122 homes in June 2019.
The average days on market for this price range in June 2020 was 2 days and was the same in June 2019.
There was 110 homes pending in this price range in June 2020 versus 109 homes in June 2019.
The absorption rate or months supply for this price range is .3 months as of June 2020
$225,000 to $309,999
There were 104 homes in this price range that hit the market in June 2020 this compared to 110 homes in June 2019.
The average days on market for this price range in June 2020 was 11 days compared to 8 in June 2019.
There was 96 homes pending in this price range in June 2020 versus 99 homes in June 2019.
The absorption rate or months supply for this price range is .5 months as of June 2020
$310,000 and Up
There were 96 homes in this price range that hit the market in June 2020 this compared to 93 homes in June 2019.
The average days on market for this price range in June 2020 was 23 days compared to 20 in June 2019.
There was 100 homes pending in this price range in June 2020 versus 69 homes in June 2019.
The absorption rate or months supply for this price range is 1.5 months as of June 2020 compared to 3.1 in June 2019
New Construction in Sarpy County Nebraska-
In June 2020 there was 12 complete, never occupied new construction homes that hit the market. In June 2019 there was 23. The average price per square foot of new construction homes in the Sarpy county market in June 2020 was approximately $200.00 per square foot . In comparison the average price per square foot in June 2019 was $188.00. The average days on market for all new construction homes was 127 in June 2019 as compared to 146 days on market in June 2020.
Sarpy County Closed Sale Volume
What Does This Mean For Buyers In Sarpy County Nebraska?
Buyers in Sarpy County Nebraska can expect to see continued low inventory available in existing homes. The current interest rates and land prices in Sarpy 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.
Average Price Per Square Foot Paid for a home in the Sarpy County Nebraska Area
What Does This Mean For Sellers In Sarpy County Nebraska?
Omaha, Bellevue and Gretna area is still in a sellers market with only 1.3 months of inventory available. There is a strong demand for homes in the $120-220 price range.
Sellers can use our free home valuation tool to get an idea of their home’s worth, then give me a call and i can answer all your questions about getting your home listed today.
