Is Elmwood, NE 68349 a buyer’s or seller’s market?
Elmwood is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Elmwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Elmwood, NE 68349 sold above their list price, the typical home went under contract in 45 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (5 days then) and the median sale price fell 54% to $230,900. Overall, Elmwood is less competitive than a year ago, which gives buyers more room.
Within Cass County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Greenwood 68366 (100% sold over asking) and Weeping Water 68463 (75% sold over asking) are even more competitive.
Run the numbers for 68349
Nearby markets
Alvo 68304 $248 /sq ftAvoca 68307 — /sq ftCedar Creek 68016Seller’s market $380 /sq ftEagle 68347Seller’s market $180 /sq ft Browse all markets →Towns like Elmwood nearby
Find towns like Elmwood in other states →Where Elmwood is
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Questions about Elmwood real estate
Is Elmwood a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Elmwood, NE 68349 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 Elmwood?
The typical home went under contract in 45 days in the latest three months.
Do homes in Elmwood sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Elmwood?
About 1.43% of a home’s value a year in Cass County, or roughly $5,720 on a $400,000 home.
What is the median home price in Elmwood?
The median sale price was $230,900 in the three months ending August 31, 2026, about $122 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