Is Far Eastside, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Far Eastside has remained a Seller's Market.
Housing Prices in Far Eastside, IN
How much do homes in Far Eastside, IN cost?
Median Sold Price
$175,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Far Eastside was $175,000 in May 2024, up 5.3% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $16.2K | - | N/A |
2 Bedrooms | $76.8K | $86K | +11.9% |
3 Bedrooms | $163K | $165K | +1.2% |
4 Bedrooms | $201K | $203K | +1.0% |
5+ Bedrooms | $177.5K | $262.4K | +47.9% |
Summary: Far Eastside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 47.9%.
Housing Supply in Far Eastside, IN
How many homes are available in Far Eastside, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
111 | 96 | -13.5% |
Summary: The Far Eastside real estate market had 96 homes for sale in May 2024, a 13.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 82 | 69 | -15.9% |
4 Bedrooms | 24 | 22 | -8.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Far Eastside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 28 | -33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Far Eastside in May 2024, down by 33.3% month-over-month. Of the 28 sold homes, 32% were sold under asking, 21% were sold at asking, and 46% were sold over asking.
Days on Market for Far Eastside, IN
How long does it take to sell a home in Far Eastside, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 19 Days | -20.4% |
Summary: Homes in Far Eastside had an average of 19 days on market in May 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Far Eastside; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.