Nebraska Real Estate Market May 2022: Forecasts + Trends

Nebraska real estate trends (May 2022)

How is the real estate market in Nebraska?
🏠 Average home value: $243,012	📈 0.54% home value increase month over month
💰 Median sale price: $264,300	⏳ 45 days on the market
🔑 Homes on the market: 2,852	📆 1.2 months of housing inventory
🏦 30-year mortgage rate: 5.56000%	💵 Average income: #N/A
State of the market: B-
Nebraska’s real estate market continues to cool down. Home values are starting to plateau, and inventory in the state is piling up.
_{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 1.5% or $3K in listing fees. Eligible buyers get 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 22 days slower than the annual average	💰 Homes are selling for $63,632 more than the annual average
💸 Average listing commission: 2.96%	💸 Average buyer's commission: 2.70%

How to sell a home in Nebraska

Cost to sell a home in Nebraska

Buying a home in Nebraska

How much home you can buy with $300,000 in...
🏠 Omaha: 1,613 sq ft	🏡 Norfolk: 2,113 sq ft
🏡 Lincoln: 1,685 sq ft	🏠 Kearney: 2,381 sq ft

Investing in Nebraska real estate

Best of Nebraska

Each month, we compare locations in Nebraska based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Nebraska
1. Douglas County
2. Sarpy County
3. Lancaster County
4. Dakota County
5. Platte County

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Worst of Nebraska

Each month, we compare locations in Nebraska based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Nebraska
1. Thurston County
2. Blaine County
3. Arthur County
4. Sheridan County
5. Kimball County

Nebraska resources

Frequently asked questions about Nebraska real estate

Currently, it’s a seller’s market in Nebraska — but it might not be for long. Overly optimistic sellers have started overpricing properties and buyers are willing to wait for them to come back down, causing homes to stay on the market for longer. However, each city and town is different, which is why it’s best to consult with a real estate agent to understand your local trends.

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, Bankrate, 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.

Nebraska Real Estate Market in 2022: Forecasts + Trends