Is Papillion Second I, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Papillion Second I was a Buyer's Market.
Key Takeaway
Papillion Second I is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Papillion Second I, NE
How much do homes in Papillion Second I, NE cost?
Median Sold Price
$397,290
$182/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Papillion Second I have sold for 5.6% less than they did a month ago.
Summary: The median home sold price in Papillion Second I was $397,290 in May 2024, down 5.6% from last month, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $379.6K | N/A |
| 4 Bedrooms | $430K | $423.8K | -1.4% |
| 5+ Bedrooms | $411.3K | $527.5K | +28.3% |
Summary: Papillion Second I housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Papillion Second I | $420.7K | $397.2K | -5.6% |
| Papillion | $430K | $391.5K | -9.0% |
Housing Supply in Papillion Second I, NE
How many homes are available in Papillion Second I, NE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 57 | +42.5% |
Summary: The Papillion Second I real estate market had 57 homes for sale in May 2024, a 42.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 16 | 26 | +62.5% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Papillion Second I housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 20 | +900.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Papillion Second I, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Papillion Second I in May 2024, up by 900.0% month-over-month. Of the 20 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for Papillion Second I, NE
How long does it take to sell a home in Papillion Second I, NE?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 Days | 57 Days | -49.6% |
Summary: Homes in Papillion Second I had an average of 57 days on market in May 2024, down by 49.6% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Papillion Second I are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Papillion Second I; 60% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
The 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 © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.