Norfolk, NE metro area Housing Market
Cool MarketComprehensive housing market data for the Norfolk, NE metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$268K
↑ 16.6% YoY
Days on Market
56 days
↑ 55.6% YoY
Active Inventory
102
↓ 6.4% YoY
Homes Sold
32
↑ 28.0% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Norfolk, NE metro area Market Summary
The Norfolk, NE metro area housing market is cooling down. As of March 2026, the median home sale price is $268K, up 16.6% year-over-year. Homes are spending a median of 56 days on the market, 55.6% longer than a year ago.
There are 102 homes for sale — 6.4% fewer than last year. With 3.2 months of supply, this is a seller's market. 46 new listings were added during this period, down 20.7% year-over-year.
Homes are selling for 98.5% of their list price on average, suggesting room for negotiation. 37.5% of homes sell above their asking price. 30.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Nebraska Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 39% below the national median, which could indicate stronger cash flow potential.
Norfolk, NE metro area Market Trends
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Detailed Market Metrics
Median List Price
$245K
Price per Sq Ft
$147
Sale-to-List Ratio
98.5%
Months of Supply
3.2
Sold Above List
37.5%
Price Drops
30.4%
New Listings
46
↓ 20.7% YoY
Pending Sales
35
Off Market in 2 Weeks
37.1%
Other Markets in Nebraska
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Grand Island, NE metro area
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Columbus, NE metro area
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Kearney, NE metro area
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Scottsbluff, NE metro area
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North Platte, NE metro area
$268K · 24d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.