Market Intelligence · NE / Omaha

Omaha, NE 68131 Housing Market

In Omaha's 68131 ZIP, the typical home value is $215,102, up 3.4% over the past year. The median list price is $257,650 and homes are taking a median of 41 days to sell.

Updated September 2026Median value$215K

The median home value in Omaha, NE 68131 is $215K as of September 2026, up 3.4% 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 68131 range

$198K to $232K

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

+3.4% over 12 months

Sep 2025$208K

Low $208KHigh $216K

Sep 2026$215K

The numbers

What is the 68131 housing market like?

As of September 2026

Typical home value

$215K

3.4%YoY

Median list price

$258K

0.9%MoM

Days on market

6.8%MoM

Homes for sale

6.4%MoM

Price cuts

16.4%

15.9%MoM

New listings

16.7%MoM

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

The outlook

68131 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 68131 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 68131 rose 3.4%, per the Zillow Home Value Index.

Will home prices drop in 68131?

Zillow's forecast does not call for a drop: it expects typical home values in 68131 to rise 2.6% by September 2027, after a 3.4% 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 68131 home prices compare?

68131$215,102
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

There were 50 homes for sale in 68131 as of September 2026, with 14 new listings coming on the market. The typical home value stands at $215,102, up 3.4% over the past year, while the median list price is $257,650. Homes are moving at a moderate pace, with a median of 41 days on market, and 16.4% of listings have taken a price cut. That mix points to a market that is still adding value but giving buyers some room to negotiate. For a seller, pricing close to what similar homes are actually worth matters more than aiming high.

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Down payment20% · $43,020

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Common questions

What people ask us.

How much is a home in 68131 worth?

The typical home value in 68131 is $215,102 as of September 2026, up 3.4% over the past year.

How long does it take to sell a home in 68131?

Homes in 68131 are spending a median of 41 days on the market as of September 2026.

Are sellers cutting prices in 68131?

As of September 2026, 16.4% of listings in 68131 have had a price cut, and the median list price is $257,650.

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