Is East, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East was a Seller's Market.
Housing Prices in East, TX
How much do homes in East, TX cost?
Median Sold Price
$597,864
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East was $597,864 in May 2024, down 3.8% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $352.5K | -11.9% |
2 Bedrooms | $570K | $490K | -14.0% |
3 Bedrooms | $635.4K | $600K | -5.6% |
4 Bedrooms | $730K | $765.9K | +4.9% |
5+ Bedrooms | $1.2M | $927.5K | -22.7% |
Summary: East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 22.7%.
Housing Supply in East, TX
How many homes are available in East, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
598 | 684 | +14.4% |
Summary: The East real estate market had 684 homes for sale in May 2024, a 14.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 41 | 50 | +22.0% |
2 Bedrooms | 144 | 161 | +11.8% |
3 Bedrooms | 277 | 309 | +11.6% |
4 Bedrooms | 104 | 131 | +26.0% |
5+ Bedrooms | 32 | 33 | +3.1% |
Summary: The East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 65 | -36.3% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in East in May 2024, down by 36.3% month-over-month. Of the 65 sold homes, 74% were sold under asking, 11% were sold at asking, and 15% were sold over asking.
Days on Market for East, TX
How long does it take to sell a home in East, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 62 Days | +35.8% |
Summary: Homes in East had an average of 62 days on market in May 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 65 homes were sold in East; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.