Is Papillion, NE 68133 a buyer’s or seller’s market?
Papillion is a seller’s market. With about 1.7 months of supply and 48% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 89% of U.S. ZIP codes, and #4 of 84 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Papillion housing market right now
In the three months ending August 31, 2026, 48% of homes in Papillion, NE 68133 sold above their list price, the typical home went under contract in 19 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 105 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold faster (21 days then) and the median sale price fell 5% to $402,316. Overall, Papillion is more competitive than a year ago, so tougher for buyers.
Within Sarpy County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Papillion ranks #4 of 84 NE ZIP codes with enough sales (score 84 out of 100).
Nearby, buyers who want less competition could look at Springfield 68059 (20% sold over asking) or Gretna 68028 (31% sold over asking).
Run the numbers for 68133
Nearby markets
Bellevue 68005Seller’s market $153 /sq ftBellevue 68123Seller’s market $170 /sq ftBellevue 68147Seller’s market $177 /sq ftGretna 68028Seller’s market $177 /sq ft Browse all markets →Towns like Papillion nearby
Find towns like Papillion in other states →Where Papillion is
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Questions about Papillion real estate
Is Papillion a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Papillion, NE 68133 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Papillion?
The typical home went under contract in 19 days in the latest three months.
Do homes in Papillion sell over asking?
48% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Papillion?
About 1.74% of a home’s value a year in Sarpy County, or roughly $6,960 on a $400,000 home.
What is the median home price in Papillion?
The median sale price was $402,316 in the three months ending August 31, 2026, about $170 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology