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Sarah Mitchell
Compass Real Estate · ZIP 68845
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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68845 ZIP Code Housing Market
$368,623median sale price
What is the 68845 housing market like right now?
The median home sale price in ZIP code 68845 is $368,623, up 16.8% year-over-year. Homes sell in an average of 29 days with 22 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 68845 ZIP code a buyer's or seller's market?
ZIP code 68845 is currently a balanced market and homes selling in about 29 days. How we determine this →
What are the latest 68845 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $368,623 |
| Median list price | $339,900 |
| Year-over-year price change | +16.8% |
| Average days on market | 29 days |
| Active inventory | 22 listings |
| Sale-to-list price ratio | 99.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 68845 zip code, located in Odessa, NE, is currently classified as a balanced market. The median sale price stands at $368,623, representing a +16.8% change year over year. Homes in this area spend an average of 29 days on the market before going under contract. There are currently 22 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 68845 sits in the Odessa, NE area, roughly 4.6 miles from downtown Odessa. Because home prices are set street by street, this ZIP can move differently from Odessa's citywide averages. The figures below reflect 68845 specifically — drawn from Redfin transactions, U.S. Census data for its 20,536 residents, and Zillow value estimates.
Homes sold
32
Last 12 weeks
Days on market
29
Average pace
Active listings
22
Sale-to-list
99.9%
Below asking
What is driving the 68845 housing market?
The 68845 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 68845 have increased +16.8% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 68845 stands at $348,517, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,414 per month. This gives a price-to-rent ratio of approximately 20.5, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 68845?
Population
20,536
Median income
$76,978/yr
Median age
34.7 years
Owner-occupied
59.2%
College grads
41.2%
Avg commute
18.76 min
What is it like living in 68845?
Zip code 68845 is home to approximately 20,536 residents. The median household income is $76,978 per year, which shapes the types of homes and amenities available in the area. With a median age of 34.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 59.2% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 41.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 18.76 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 68845.
Which public schools serve ZIP 68845?
11 schools tracked · 4,304 students
The largest public schools serving ZIP code 68845 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
KEARNEY HIGH SCHOOL
Grades 9-12 · 1,654 students
HORIZON MIDDLE SCHOOL
Grades 6-8 · 631 students
KENWOOD ELEMENTARY SCHOOL
Grades PK-5 · 385 students
KEARNEY EDUCATION CENTER
Grades PK · 355 students
BUFFALO HILLS ELEMENTARY
Grades PK-5 · 298 students
PARK ELEMENTARY SCHOOL
Grades PK-5 · 275 students
CENTRAL ELEMENTARY SCHOOL
Grades PK-5 · 271 students
WINDY HILLS ELEMENTARY SCHOOL
Grades PK-5 · 255 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 68845
What is the median home price in 68845?
The current median sale price in 68845 is $368,623, based on recent Redfin transaction data. Prices have changed +16.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 68845 a buyer's or seller's market?
The 68845 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 68845?
Zip code 68845 has a population of approximately 20,536 residents. The median household income is $76,978 per year. About 59.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 68845?
Properties Incorporated provides comprehensive data for 68845 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 68845 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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