Norfolk, NE metro area Housing Market
Cold 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: January 2026
Median Sale Price
$187K
↑ 90.3% YoY
Days on Market
49 days
↑ 206.3% YoY
Active Inventory
94
↓ 9.6% YoY
Homes Sold
22
↓ 46.3% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Norfolk, NE metro area Market Summary
The Norfolk, NE metro area housing market is cooling down. As of January 2026, the median home sale price is $187K, up 90.3% year-over-year. Homes are spending a median of 49 days on the market, 206.3% longer than a year ago.
There are 94 homes for sale — 9.6% fewer than last year. With 4.3 months of supply, this is a balanced market. 27 new listings were added during this period, down 34.1% year-over-year.
Homes are selling for 93.0% of their list price on average, suggesting room for negotiation. 13.6% of homes sell above their asking price. 17.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
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. Prices are 56% below the national median, which could indicate stronger cash flow potential.
Norfolk, NE metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$299K
Price per Sq Ft
$118
Sale-to-List Ratio
93.0%
Months of Supply
4.3
Sold Above List
13.6%
Price Drops
17.0%
New Listings
27
↓ 34.1% YoY
Pending Sales
33
Off Market in 2 Weeks
15.2%
Other Markets in Nebraska
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$324K · 44d on market
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$304K · 40d on market
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Grand Island, NE metro area
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North Platte, NE metro area
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Scottsbluff, NE metro area
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Fremont, NE metro area
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Hastings, NE metro area
$155K · 41d 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.