Market Intelligence · NE / Omaha

Omaha, NE 68138 Housing Market

Homes in Omaha, NE 68138 have a typical value of $292,746, up 3.6% over the past year. The median list price is $325,625, and homes are taking a median of 37 days to sell as of September 2026.

Updated September 2026Median value$293K

The median home value in Omaha, NE 68138 is $293K as of September 2026, up 3.6% 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 68138 range

$269K to $316K

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

+3.6% over 12 months

Sep 2025$283K

Low $283KHigh $293K

Sep 2026$293K

The numbers

What is the 68138 housing market like?

As of September 2026

Typical home value

$293K

3.6%YoY

Median list price

$326K

30.8%MoM

Days on market

12.1%MoM

Homes for sale

21.2%MoM

Price cuts

24.3%

90.9%MoM

New listings

33.3%MoM

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

The outlook

68138 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 68138 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 68138 rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in 68138?

Zillow's forecast does not call for a drop: it expects typical home values in 68138 to rise 2.6% by September 2027, after a 3.6% 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 68138 home prices compare?

68138$292,746
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, there are 40 homes for sale in 68138, with 16 new listings added recently. The median days on market stands at 37. At a median list price of $325,625, the gap between list and typical value suggests some homes are priced above what the current market supports. Nearly one quarter of listings, at 24.3%, have seen price cuts. For sellers, this is a reminder that even in an appreciating market, the local balance favors buyers who can wait and negotiate.

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Down payment20% · $58,549

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Common questions

What people ask us.

What is a typical home value in 68138?

The typical home value in this Omaha ZIP is $292,746 as of September 2026, up 3.6% over the past year.

How long do homes take to sell here?

Homes are taking a median of 37 days on the market as of September 2026.

How many homes are for sale right now?

There are 40 homes listed for sale in 68138 as of September 2026, with 16 new listings added recently.

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Nearby ZIP markets.

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