Gibbon, NE

Real estate in Gibbon, Nebraska is a hot commodity. With a population of just over 2,000 people, Gibbon is one of the smallest towns in Nebraska. This small town has seen an influx of new residents in recent years as the economy has improved and people have moved to take advantage of the affordable housing and excellent schools.

Gibbon is located in Lancaster County, which has a population of over 350,000 people. The town is situated on Interstate 80 approximately halfway between Omaha and Lincoln. Gibbon is within easy driving distance to both cities and offers excellent shopping opportunities as well as plenty of recreational activities such as fishing, hiking, biking and skiing.

The real estate market in Gibbon has been very active recently with prices increasing significantly faster than average for the state. According to MLS data from January 2018, the median sale price for single family homes was $143,500 while condos sold for an average of $122,500. The majority (86%) of homes sold were single family dwellings while 8% were condos/townhomes. The average days on market was 26 days which indicates that there is strong demand for properties in Gibbon.

One reason why prices have increased so much recently is because there are limited options available for buyers who want to purchase a home in Gibbon. There are only 10 listings currently available on Zillow with an average list price above $200K which indicates that sellers are commanding high prices for their properties. In addition to limited inventory, another reason why prices have increased so much recently is because interest rates have remained low since the 2008 recession making it more affordable for buyers to purchase a home than it was several years ago when rates were higher.