Market Intelligence · NE / Omaha

Omaha, NE 68116 Housing Market

The typical home in Omaha's 68116 ZIP code is worth $379,112, up 2.1% over the past year as of September 2026. The median list price is $392,450, and homes are spending a median of 26 days on the market. That points to steady demand and values still moving upward.

Updated September 2026Median value$379K

The median home value in Omaha, NE 68116 is $379K as of September 2026, up 2.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 68116 range

$349K to $409K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.1% over 12 months

Typical home value in 68116 over the last 12 months: $371K in Sep 2025 to $379K in Sep 2026 (+2.1%).

Sep 2025$371K

Sep 2026$379K

The numbers

What is the 68116 housing market like?

Typical home value

$379K

Up2.1%YoY

Median list price

$392K

Down1.9%MoM

Days on market

26

Up8.3%MoM

Homes for sale

60

Up9.1%MoM

Price cuts

9.0%

Down29.7%MoM

New listings

46

Up4.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

68116 housing market forecast 2027

+2.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 68116 to rise 2.4% by September 2027.

Over the 12 months through September 2026, typical home values in 68116 rose 2.1%, per the Zillow Home Value Index.

Will home prices drop in 68116?

Zillow's forecast does not call for a drop: it expects typical home values in 68116 to rise 2.4% by September 2027, after a 2.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 68116 home prices compare?

  • 68116$379,112
  • Omaha$288,128
  • Nebraska$232,489
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Omaha: 30 ZIPs; Nebraska: 450 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, 68116 has 60 homes for sale, with 46 new listings added. The median list price sits at $392,450, above the typical home value of $379,112, which is up 2.1% over the past year. Homes move in a median of 26 days, so well-priced properties are finding buyers without long waits. Only 9.0% of listings have taken a price cut, meaning most sellers are holding their asking prices. For a seller, this is a market that rewards accurate pricing from the start.

Monthly payment

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20% · $75,822

Common questions

What people ask us.

How much is a home in 68116 worth?

The typical home value in 68116 is $379,112, up 2.1% over the past year as of September 2026.

How fast do homes sell in 68116?

Homes spend a median of 26 days on the market as of September 2026, which suggests steady buyer activity.

Are sellers cutting prices in 68116?

As of September 2026, 9.0% of listings in 68116 have had a price cut, so reductions are not widespread.

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