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Sarah Mitchell
Compass Real Estate · ZIP 68847
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68847 ZIP Code Housing Market
$319,900median sale price
What is the 68847 housing market like right now?
The median home sale price in ZIP code 68847 is $319,900, up 15.3% year-over-year. Homes sell in an average of 19 days with 19 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 68847 ZIP code a buyer's or seller's market?
ZIP code 68847 is currently a balanced market and homes selling in about 19 days. How we determine this →
What are the latest 68847 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $319,900 |
| Median list price | $324,900 |
| Year-over-year price change | +15.3% |
| Average days on market | 19 days |
| Active inventory | 19 listings |
| Sale-to-list price ratio | 101.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 68847 zip code, located in Glenwood, NE, is currently classified as a balanced market. The median sale price stands at $319,900, representing a +15.3% change year over year. Homes in this area spend an average of 19 days on the market before going under contract. There are currently 19 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 68847 sits in the Glenwood, NE area, roughly 3.4 miles from downtown Glenwood. Because home prices are set street by street, this ZIP can move differently from Glenwood's citywide averages. The figures below reflect 68847 specifically — drawn from Redfin transactions, U.S. Census data for its 18,354 residents, and Zillow value estimates.
Homes sold
56
Last 12 weeks
Days on market
19
Fast-moving
Active listings
19
Sale-to-list
101.4%
Above asking
What is driving the 68847 housing market?
The 68847 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 101.4% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 68847 have increased +15.3% 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 68847 stands at $290,908, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,600 per month. This gives a price-to-rent ratio of approximately 15.2, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 68847?
Population
18,354
Median income
$73,818/yr
Median age
37.1 years
Owner-occupied
69.6%
College grads
33.1%
Avg commute
18.52 min
What is it like living in 68847?
Zip code 68847 is home to approximately 18,354 residents. The median household income is $73,818 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 69.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 33.1% 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 18.52 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 68847.
Which public schools serve ZIP 68847?
5 schools tracked · 1,814 students
The largest public schools serving ZIP code 68847 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.
SUNRISE MIDDLE SCHOOL
Grades 6-8 · 543 students
NORTHEAST ELEMENTARY SCHOOL
Grades PK-5 · 418 students
MEADOWLARK ELEMENTARY SCHOOL
Grades PK-5 · 399 students
BRYANT ELEMENTARY SCHOOL
Grades PK-5 · 243 students
EMERSON ELEMENTARY SCHOOL
Grades PK-5 · 211 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 68847
What is the median home price in 68847?
The current median sale price in 68847 is $319,900, based on recent Redfin transaction data. Prices have changed +15.3% 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 68847 a buyer's or seller's market?
The 68847 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 68847?
Zip code 68847 has a population of approximately 18,354 residents. The median household income is $73,818 per year. About 69.6% 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 68847?
Properties Incorporated provides comprehensive data for 68847 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 68847 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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