Nebraska Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

May 1st, 2022
Updated May 1st, 2022

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Nebraska real estate trends

Real estate trends in Nebraska | Sellers | Buyers | Investors | The best and worst of Nebraska | Nebraska resources

Nebraska real estate trends (May 2022)

How is the real estate market in Nebraska?
🏠 Average home value: $236,015
📈 0.82% home value increase month over month
💰 Median sale price: $247,600
⏳ 46 days on the market
🔑 Homes on the market: 1,744
📆 0.5 months of housing inventory
🏦 30-year mortgage rate: 3.21%
💵 Average income: $54,970
State of the market: B-
Nebraska's seller's market was going strong for a while, but as homes start to sit on the market for longer and longer, sellers should think about lowering their asking prices.
*Data last updated May 2022

In recent years, Nebraska has become a major destination for job-seekers. Its biggest industries include agriculture and food processing, manufacturing, and renewable energy, among others.

The Cornhusker State offers plenty of small towns, including Red Cloud, which was once home to novelist Willa Cather. For those who prefer urban living, its biggest cities include Omaha, Lincoln, and Bellevue.

Though much of Nebraska falls within the Great Plains region, its geography ranges from rolling sand dunes in the west to the rocky, dramatic Badlands in the north. Residents experience a full range of seasons, from hot, humid summers to snowy winters.

If you're thinking of buying or selling in Nebraska, these Nebraska housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Nebraska

Nebraska real estate market forecast for sellers
⏰ Homes are selling 3 days faster than the annual average
💰 Homes are selling for $30,721 more than the annual average
💸 Average listing commission: 3.00%
💸 Average buyer's commission: 2.30%

How to sell a home in Nebraska

Cost to sell a home in Nebraska

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Buying a home in Nebraska

How much home you can buy with $300,000 in...
🏠 Omaha: 1,829 sq ft
🏡 Norfolk: 2,362 sq ft
🏡 Lincoln: 1,724 sq ft
🏠 Kearney: 2,564 sq ft

Investing in Nebraska real estate

Best of Nebraska

Each month, we compare cities in Nebraska based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Nebraska
1. Bellevue
2. Fremont
3. Omaha-Council Bluffs

Ready to buy a home in Nebraska? Eligible buyers get cash back with Clever!

Worst of Nebraska

Each month, we compare cities in Nebraska based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Nebraska
1. Lincoln
2. Grand Island
3. Kearney

Nebraska resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

Ready to get started?

Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

Remember, this service is 100% free and there’s never any obligation.

Frequently asked questions about Nebraska real estate

Yes, Nebraska is a good state to invest in real estate, especially in bigger cities like Omaha and Lincoln, where demand for housing is higher and consistent. However, investing requires a lot of preparation, such as planning out your finances and creating a property management plan. Learn more in our guide to real estate investing.

For most, now might not be the best time to buy a house in Nebraska. Listing prices and mortgage rates in the state are higher than normal. However, if you still need to buy a house, then you should work with a top real estate agent to help you find a decent deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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