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Featured local agent — Herman, NE
Sarah Mitchell
Compass Real Estate · Herman, NE
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Herman, NE Housing Market & Real Estate
Housing market overview · Updated monthly ·
$115,000median sale price
How is the Herman, NE housing market right now?
The median home sale price in Herman, NE is $115,000, down 44.7% year-over-year. Homes sell in an average of 122 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Herman a buyer's or seller's market?
Herman, NE is currently a buyer's market and homes selling in about 122 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
122
Average pace
Active listings
—
Sale-to-list
88.5%
Below asking
What does the Herman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $115,000 |
| Year-over-year price change | -44.7% |
| Average days on market | 122 days |
| Sale-to-list price ratio | 88.5% |
| Median price per sq ft | $136/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Herman by property type?
How the Herman, NE market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $115,000 | $136/sq ft | 1 | 122 days |
Source: Redfin · Updated monthly
The Herman housing market is currently classified as a buyer's market with a median sale price of $115,000. Prices have fallen 44.7% compared to last year, with homes spending an average of 122 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Herman
Explore homes currently listed for sale in Herman, Nebraska across major real estate platforms.
Who lives in Herman?
Population
355
Median income
$77,869/yr
Median age
21.8 years
Owner-occupied
60.4%
College grads
5.4%
Avg commute
42.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Herman?
Zillow home value
$425,806
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Herman?
Herman is a community of approximately 0K residents with a median age of 21.8 years.The median household income is $77,869, which reflects a relatively affluent area with strong earning potential. 5.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.4%, showing a blend of owner and renter-occupied properties. The average commute time is 42.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Herman offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Herman, NE?
Want a head-to-head view? Compare Herman side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Herman?
The median home sale price in Herman is $115,000, down 44.7% from last year.
How long do homes stay on market in Herman?
Homes typically spend 122 days on market before going under contract.
What is the median income in Herman?
The median household income is $77,869 per year.
What is the Zillow home value estimate for Herman?
The Zillow Home Value Index (ZHVI) for Herman is $425,806, representing the typical home value in the area.
How much does a single-family home cost in Herman?
The median single-family home price in Herman, NE is $115,000 (about $136 per square foot).
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