Omaha NE Housing Market Update – April 2025

Let’s break down what’s been happening in the Omaha housing market so far this year. If you’re wondering whether home prices are still going up, if homes are sitting longer, or if buyers are still having to go over asking—this is your quick and friendly update.

Home Prices Are Still Climbing

In March 2025, the average closed price in the Omaha area hit $346,742. That’s up 4.6% from March 2024 and a solid 10.8% jump since 2023 when prices averaged $312,824.

👉 Bottom line: Even though we’re not seeing the double-digit yearly growth we had in previous years, prices are still ticking up. Homeowners are gaining equity, and buyers are still showing up.

Homes Are Sitting a Little Longer

One of the bigger shifts we’re seeing is in Days on Market. Back in 2023, homes were flying off the shelf in just 10 days. Fast-forward to March 2025 and the average is now 15 days—a 25% increase from last year.

📌 What this means: Buyers have a bit more breathing room to make decisions, but well-priced homes that are move-in ready are still moving fast. Pricing strategy matters more than ever.

Sale Price vs List Price: Still Strong, But Not Over

In 2023, sellers were averaging 101.4% of their list price—yep, that means over asking. As of March 2025, that number has settled to 99.2%, which is still really healthy, just not the bidding war frenzy of the past couple years.

💡 Pro tip: Sellers need to be strategic with pricing. Overpricing can push you into that 15+ days on market zone. And buyers? It’s your chance to negotiate again in some cases.

 

What This Means If You're Thinking About Buying or Selling

  • Sellers: Now’s still a great time to sell if your home is in good shape and priced right. There’s still appreciation happening, but overpricing can backfire in this market.

  • Buyers: You’ve got more options, a little more time to decide, and in some cases, more negotiating power. But don’t sleep on homes that are priced right—they’re still going quickly.

Want a personalized game plan? Whether you're buying, selling, or just curious, let’s chat. The market isn’t one-size-fits-all, and neither should your strategy be.