The Elkhorn, NE real estate market saw a July 2025 median listing price of $600,000, up 4.3% year-over-year. The average listing price per square foot reached $197. Meanwhile, June 2025 median sold price landed at $519,500, down 1.2% YoY.
Douglas County Appraiser Perspective: Appraisers in Douglas County have noted that while sellers in Elkhorn are setting ambitious list prices, many appraisals are coming in at or near true market-supported values. The gap between asking price and appraised value can impact negotiations, especially in neighborhoods with limited comparable sales.
Median days on market in June 2025: 34 days (down from 38 a year ago).
Homes sold: 296 in June vs. 271 last year (+9.2%).
Days to pending: Just 18 days in late July.
Even with slightly conservative Elkhorn home appraisals, competitively priced properties—especially those in high-demand school districts—are selling quickly and, in some cases, above list price.
According to Zillow, the average home value in Elkhorn is $497,975 as of July 31, 2025—up 0.5% year-over-year. Douglas County appraisers report:
Strongest demand for newer construction and updated homes
Higher premiums for top school district boundaries
Slower appreciation for older properties without recent renovations
One of the most significant real estate stories in Elkhorn is the Aerie Blue Sage build-to-rent development.
327 market-rate rental units
Mix of 109 standalone cottages, duplexes, townhomes with rooftop decks, and low-rise apartments
Monthly rents from $1,450 to $3,500
Phased completion through 2026
This project will influence future Elkhorn NE property values by adding rental competition and offering options for “renters by choice.”
For buyers, sellers, and investors, knowledge of Douglas County appraisal practices is key. In Q2–Q3 2025:
Appraisers are using more conservative adjustments compared to the 2022–2023 boom
Comparable sales within Elkhorn’s own subdivisions carry more weight than metro-wide comps
Functional upgrades (kitchens, bathrooms, energy-efficient systems) can tip the scale in your favor
Pro Tip for Sellers: Pricing based on recent Elkhorn home appraisals can help avoid contract delays and price renegotiations.