Is Lincoln, NE 68516 a buyer’s or seller’s market?

The Lincoln housing market right now

In the three months ending August 31, 2026, 27% of homes in Lincoln, NE 68516 sold above their list price, the typical home went under contract in 24 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 229 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 34%, homes sold more slowly (17 days then) and the median sale price fell 1% to $394,829. Overall, Lincoln is less competitive than a year ago, which gives buyers more room.

Within Lancaster County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell less often over asking than in 58%. On our competition score, Lincoln ranks #43 of 84 NE ZIP codes with enough sales (score 68 out of 100).

Nearby, buyers who want less competition could look at Lincoln 68517 (0% sold over asking) or Lincoln 68514 (0% sold over asking), while Martell 68404 (100% sold over asking) and Firth 68358 (67% sold over asking) are even more competitive.