Is Phillips, NE 68865 a buyer’s or seller’s market?
Phillips is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Phillips housing market right now
In the three months ending August 31, 2026, 0% of homes in Phillips, NE 68865 sold above their list price, the typical home went under contract in 21 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 was about the same (0% then), homes sold faster (47 days then) and the median sale price rose 6% to $349,849. Overall, Phillips is more competitive than a year ago, so tougher for buyers.
Within Hamilton County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hampton 68843 (100% sold over asking) and Aurora 68818 (19% sold over asking) are even more competitive.
Run the numbers for 68865
Nearby markets
Aurora 68818Seller’s market $123 /sq ftGiltner 68841Buyer’s market $173 /sq ftHampton 68843Seller’s market $140 /sq ftHordville 68846 $197 /sq ft Browse all markets →Where Phillips is
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Questions about Phillips real estate
Is Phillips a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Phillips, NE 68865 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 Phillips?
The typical home went under contract in 21 days in the latest three months.
Do homes in Phillips sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Phillips?
About 0.95% of a home’s value a year in Hamilton County, or roughly $3,800 on a $400,000 home.
What is the median home price in Phillips?
The median sale price was $349,849 in the three months ending August 31, 2026, about $128 per square foot.
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More tools for 68865
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology