Nebraska Real Estate Market 2025: Stabilization, Opportunity, and What’s Ahead
As 2025 moves into its final quarter, the Nebraska real estate market is settling into a new rhythm one that feels more balanced and sustainable compared to the frenzied pace of the past few years. Rising inventory, steady buyer demand, and moderating price growth are creating a healthier market for both buyers and sellers statewide. Meanwhile, Omaha continues to lead Nebraska’s housing sector, maintaining strong activity while showing the first signs of cooling in some areas.
The Nebraska Market: From Rapid Growth to Steady Ground
Throughout most of 2025, Nebraska’s housing market has seen consistent, moderate appreciation. The average home value now sits around $272,000, marking roughly a 3% year-over-year increase. Median sale prices hover near $280,000, suggesting the market has shifted from breakneck growth to steady sustainability.
Inventory across the state has grown by nearly 10% year-over-year, with over 6,400 homes listed by late summer. This increase in listings gives buyers more room to negotiate while easing the intense competition that defined the post-pandemic boom years. However, the market remains relatively tight, with an average of just two months of supply meaning sellers still hold some leverage, especially in desirable school districts and newer developments.
While more homes are available, overall sales volume has dipped slightly. About a quarter of sellers have reduced prices since January, signaling that accurate pricing is becoming critical for achieving a timely sale. This doesn’t mean prices are dropping statewide rather, the days of bidding wars and cash offers well over list price are becoming less frequent.
Beyond residential real estate, Nebraska’s agricultural land market has also begun to cool. For the first time in six years, statewide land values dipped around 2%, averaging $3,935 per acre. The decline reflects broader economic adjustments, including fluctuating interest rates and commodity pricing pressures.
Looking ahead, the remainder of 2025 will likely bring stable growth of 2–4% in home prices, slightly higher inventory, and more opportunities for buyers to find the right home without rushing. Sellers will still see strong returns but realistic pricing and quality presentation will be more important than ever.
Omaha Market Spotlight: Strength with Subtle Shifts
Omaha, Nebraska’s largest and most dynamic housing market, continues to show resilience even as the state cools slightly. In mid-2025, the median sold price for homes in Omaha sits around $301,500, with an average value near $287,000, reflecting modest year-over-year growth of around 1–4% depending on neighborhood.
Homes are still selling quickly often within two weeks of hitting the market and many sellers are receiving 99–100% of their list price. Omaha’s limited housing supply and strong job base continue to drive demand, even as mortgage rate fluctuations challenge buyers’ affordability.
Inventory in the Omaha metro area has risen gradually, up more than 25% since January, giving buyers more choice while signaling a more balanced playing field. Areas like West Omaha, Papillion, and Gretna remain especially popular, with newer builds and strong schools keeping competition high. However, fringe or higher-priced segments are beginning to show more negotiating room.
Omaha was named one of the “hottest housing markets in the nation” by U.S. News & World Report earlier this year, thanks to its consistent job growth, affordability, and livability. Even so, experts predict the market will moderate slightly through the end of 2025, with price gains slowing and transaction volume flattening as the city transitions toward equilibrium.
The multifamily and rental markets remain strong, with occupancy rates above 95% and steady rent growth. Meanwhile, Omaha’s commercial office market faces challenges, with rising vacancy rates around 8% and limited new construction as companies continue adapting to hybrid work trends.
What’s Ahead for the Rest of 2025
Across Nebraska and particularly in Omaha the remainder of 2025 is expected to bring continued stabilization rather than decline. Home values will likely hold or increase modestly, and inventory will continue to expand at a manageable pace.
For buyers, this is a welcome change. More listings and less cutthroat competition mean greater opportunity to find the right property without rushing or overpaying. For sellers, setting a realistic price and ensuring homes are well-prepared for showings will be key to achieving top dollar.
For investors, Nebraska remains appealing thanks to its affordability, population stability, and strong rental demand particularly in Omaha’s mid-tier housing sector. However, careful selection of location and property type will matter more than ever as the market becomes more segmented.
Ultimately, Nebraska’s real estate market is maturing. The rapid surges of the past few years are giving way to a healthier, more predictable environment. With steady economic fundamentals, strong community development, and continued in-migration to areas like Omaha and Lincoln, the state is positioned for balanced growth and long-term stability heading into 2026.