68516 Housing Market Report February 2025Lancaster County, Nebraska

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Housing Prices in 68516, NE

How much do homes in 68516, NE cost?

Housing Market Conditions

Is 68516, NE a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

68516 is a Seller's Market

Difference Since January 2025

Last month, 68516 has remained a Seller's Market.

Insight

68516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$338,500$175/SqFt
-$94,517
-21.8%

Based on all homes sold in February 2025

Insight

Homes in 68516 have sold for 21.8% less than they did a month ago.

Summary: The median home sold price in 68516 was $338,500 in February 2025, down 21.8% from last month, and the median price per square foot was $175.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
68512
+28.5%
68502
+2.9%
68506
+1.6%
68526
0.0%
68516
-21.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2$345K$295K
-14.5%
3$330K$318.7K
-3.4%
4$396.8K$455.2K
+14.7%
5$525K$558.6K
+6.4%

Summary: 68516 housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -14.5%. The home price for 3 bedroom homes decreased by -3.4%. The home price for 4 bedroom homes increased by +14.7%. The home price for 5 bedroom homes increased by +6.4%.

How does 68516, NE compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

68516, NE

Housing supply in 68516, NE

How many homes are available in 68516, NE?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
176Last MonthFeb 2025
1782 months agoJan 2025
-1.1 %
Change MoMJan – Feb

Summary: The 68516 real estate market had 176 homes for sale in Feb 2025, a 1.1 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
34Last MonthFeb 2025
352 months agoJan 2025
-2.9 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
21414
0.0%
34647
+2.2%
46459
-7.8%
55456
+3.7%

Summary: 68516 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +2.2%. The inventory for 4 bedroom homes decreased by -7.8%. The inventory for 5 bedroom homes increased by +3.7%.

Asking Price vs. Sold Price

How much do homes in 68516, NE cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price10 Homes

Under Asking Price18 Homes

Insight

If you're buying a home in 68516, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 68516 in February 2025, down by 2.9% month-over-month. Of the 34 sold homes, 53% were sold under asking, 29% were sold at asking, and and 18% were sold over asking.

Days on Market for 68516, NE

How long does it take to sell a home in 68516, NE?

Breakdown of Home Sale Times

Under 30 Days25 Homes

30 – 90 Days7 Homes

Over 90 Days2 Homes

Insight

Many homes in 68516 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 34 homes were sold in 68516; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
22 DaysLast MonthFeb 2025
23 Days1 month agoJan 2025
-3.0 %
Change MoMJan – Feb

Summary: Homes in 68516 had an average listing age of 22 days in Feb 2025, down by 3.0% compared to the previous month.

Newest Listings in 68516, NE

What homes are available in 68516, NE?

MLS Disclaimers and Copyright

Based on information from Great Plains Regional MLS, for the period 01/01/2025 - 03/01/2025

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.