Elkhorn, NE 68022 Real Estate Market Report

ZIP Code: 68022
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the housing market in Elkhorn, NE is characterized by a median sold price of $575,000, reflecting a robust demand that continues to drive prices upward. The neighborhood has experienced an upward trend in prices, suggesting a strong market environment. The median listing price stands at $660,000, indicating a notable gap between seller expectations and actual transaction values, which may create pricing friction for potential buyers.

Market activity shows 203 days on market, suggesting a slower sales velocity, which could be attributed to elevated inventory levels relative to sales activity. Despite moderate interest rate pressure, the overall market temperature remains hot, indicating that demand is still outpacing supply, although the excess supply may lead to challenges in achieving quicker sales. This dynamic presents both opportunities and challenges for buyers and sellers alike in the current market landscape.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Elkhorn, NE are averaging 6.38%, which is 0.3% higher than the average rate of 6.08% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $575,000 reflects strong demand, despite a notable gap with the median listing price of $660,000.

2. With 203 days on market, the current sales velocity appears slower, indicating potential pricing friction for sellers.

3. The market temperature is hot, suggesting that demand continues to outpace supply in the area.

4. Elevated inventory levels indicate excess supply relative to sales activity, which may affect future pricing dynamics.

5. The median market rent of $1,730 shows an upward trend, indicating increasing rental demand in the region.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.