Market Intelligence · NE / Omaha

Omaha, NE 68118 Housing Market

The typical home value in Omaha, NE 68118 is $425,057, up 3.1% over the past year as of September 2026. Sellers listed homes at a median price of $463,450, and homes spent a median of 23 days on the market.

Updated September 2026Median value$425K

The median home value in Omaha, NE 68118 is $425K as of September 2026, up 3.1% 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 68118 range

$391K to $459K

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

+3.1% over 12 months

Sep 2025$412K

Low $412KHigh $425K

Sep 2026$425K

The numbers

What is the 68118 housing market like?

As of September 2026

Typical home value

$425K

3.1%YoY

Median list price

$463K

7.2%MoM

Days on market

37.8%MoM

Homes for sale

42.1%MoM

Price cuts

32.5%

38.0%MoM

New listings

12.5%MoM

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

The outlook

68118 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 68118 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 68118 rose 3.1%, per the Zillow Home Value Index.

Will home prices drop in 68118?

Zillow's forecast does not call for a drop: it expects typical home values in 68118 to rise 2.5% by September 2027, after a 3.1% 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 68118 home prices compare?

68118$425,057
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, Omaha, NE 68118 had 27 homes for sale, with 14 new listings coming on the market. The typical home value stood at $425,057, a gain of 3.1% over the past year. Homes moved at a steady pace, with a median of 23 days on market. Still, 32.5% of listings had taken a price cut, and the median list price of $463,450 sat above the typical value. For a seller, values are rising, but a third of listings needing a cut suggests buyers are pushing back on ambitious asking prices.

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Down payment20% · $85,011

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Common questions

What people ask us.

How much is a home in 68118 worth?

The typical home value in Omaha, NE 68118 is $425,057 as of September 2026, up 3.1% over the past year.

How fast do homes sell in 68118?

Homes in 68118 spent a median of 23 days on the market as of September 2026.

What are homes listed for in 68118?

The median list price was $463,450 as of September 2026, with 27 homes for sale and 14 new listings.

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Nearby ZIP markets.

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