Welcome to this month’s Lancaster county Nebraska area real estate market report brought to you by Eric L. Brown Realtor. This report covers the cities of Lincoln, Hickman, Waverly, Malcolm, Raymond and others within the county’s boundary.
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.
Lancaster County Housing Stats
The average closed sale price for all homes both existing and new construction in Lancaster County Nebraska during August 2020 was $259,164; this is up from last August’s average of $232,074.
In Lancaster county there is approximately 1.2 months of inventory available (all price points, new and existing combined), homes are averaging 15 days on market before being sold, and sellers are getting 101.10% of their original asking price.
Existing, previously owned home data for August 2020 by price range
$134,999 or Less
There were 41 homes in this price range that hit the market in August 2020 this compared to 71 homes in August 2019.
The average days on market for this price range in August 2020 was 12 days as compared to 18 days in August 2019.
There was 32 homes pending in this price range in August 2020 versus 57 homes in August 2019.
The absorption rate or months supply for this price range is .50 months as of August 2020
$135,000 to $188,999
There were 124 homes in this price range that hit the market in Lancaster county as of August 2020 this compared to 157 homes in August 2019.
The average days on market for this price range in August 2020 was 6 days and was 12 in August 2019.
There was 110 homes pending in this price range in August 2020 versus 105 homes in August 2019
The absorption rate or months supply for this price range is .40 months as of August 2020
$189,000 to $289,999
There were 179 homes in this price range that hit the market in August 2020 this compared to 163 homes in August 2019.
The average days on market for this price range in August 2020 was 8 days and was 13 days in August 2019.
There was 153 homes pending in this price range in August 2020 versus 119 homes in August 2019.
The absorption rate or months supply for this price range is .50 months as of August 2020
$289,000 and Up
There were 106 homes in this price range that hit the market in August 2020 this compared to 134 homes in August 2019.
The average days on market for this price range in August 2020 was 16 days compared to 40 in August 2019.
There was 102 homes pending in this price range in August 2020 versus 92 homes in August 2019.
The absorption rate or months supply for this price range is 1.7 months as of August 2020 compared to 3.6 in August 2019
New Construction in Lancaster County Nebraska-
In August 2020 there was 11 complete, never occupied new construction homes that hit the market. In August 2019 there was 35. The average price per square foot of new construction homes in the Lancaster county market in August 2020 was approximately $239.00 per square foot, in comparison the average price per square foot in August 2019 was $197.00. The average days on market for all completed not occupied new construction homes in Lancaster county was 106 in August 2020 as compared to 40 days on market in August 2019.
Lancaster County New Construction Homes For Sale
Lancaster County Closed Sale Volume – New and Existing all price ranges
What Does This Mean For Buyers In Lancaster County Nebraska?
Buyers in Lancaster County Nebraska can expect to see continued low inventory available in existing homes. The current interest rates and land prices in Lancaster 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 existing & pre-owned home in the Lancaster County Nebraska Area
What Does This Mean For Sellers In Lancaster County Nebraska?
The Lancaster County area is still in a sellers market with only 1.2 months of inventory available. There is a strong demand for homes in the $130,000 to $220,000 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.
