Elkhorn housing market update: prices, inventory, and mortgage rates
Elkhorn, NE – March 2, 2026 – Median sale price held near $531K; inventory stays ample, and mortgage rates dipped under 6% ahead of the spring rush.
Housing market snapshot for Elkhorn, NE
Recent market dashboards point to steady pricing alongside a large pool of active listings. The figures below combine closed-sale metrics (what homes actually sold for) with current listing conditions (what sellers are asking), which can help explain why buyers may see a wide spread in price points and negotiating outcomes.
- Median sale price: Redfin shows $531K in January 2026, up 7.3% year over year, with about $196 per square foot.
- Market pace: Homes averaged 78 days on market; Redfin also reports 179 sales for the month.
- Active inventory: Realtor.com lists 716 homes for sale, with a $598.5K median list price.
- Sale-to-list: Realtor.com reports roughly a 99% sale-to-list ratio.
How to read these numbers
Sale prices and list prices measure different points in the process. A $531K median sale price reflects deals that already closed in January 2026, while a $598.5K median list price summarizes what’s currently on the market. The reported ~99% sale-to-list ratio suggests many transactions are landing close to asking, even as the days-on-market figure shows buyers may still have time to compare options before committing.
Inventory & rentals
On the rental side, options remain limited but visible. Realtor.com shows 25 rentals with a $2,150 median monthly rent. For buyers weighing rent versus buy, that monthly benchmark can be a practical comparison point when looking at overall payment totals, especially if rate moves change the monthly cost of ownership.
Rates watch
Freddie Mac’s weekly survey dated Feb. 26, 2026 puts the average 30-year fixed mortgage rate at 5.98%, with the 15-year fixed at 5.44%. That under-6% reading for the 30-year fixed may help affordability slightly versus recent weeks, though the best fit still depends on price, down payment, and the timeline for a purchase.
Are you noticing more price reductions, more new listings, or buyers waiting on rates before making offers?