Is The East End, 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, The East End was a Seller's Market.
Key Takeaway
The East End is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The East End, TX
How much do homes in The East End, TX cost?
Median Sold Price
$398,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in The East End have sold for 12% less than they did a year ago.
Summary: The median home sold price in The East End was $398,000 in May 2024, down 12% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $425K | -10.5% |
| 2 Bedrooms | $375K | $277K | -26.1% |
| 3 Bedrooms | $489K | $462.4K | -5.4% |
| 4 Bedrooms | $565K | $534.5K | -5.4% |
| 5+ Bedrooms | $700K | $572.5K | -18.2% |
Summary: The East End housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes decreased by 26.1%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 18.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Galveston Harbor | $175.5K | $211K | +20.2% |
| The East End | $452.5K | $398K | -12.0% |
| San Jacinto | $397K | $337K | -15.1% |
| The East End Historic District | $524.7K | $397K | -24.3% |
Housing Supply in The East End, TX
How many homes are available in The East End, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 59 | +40.5% |
Summary: The The East End real estate market had 59 homes for sale in May 2024, a 40.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The The East End housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The East End, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in The East End in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for The East End, TX
How long does it take to sell a home in The East End, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 43 Days | -18.2% |
Summary: Homes in The East End had an average of 43 days on market in May 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in The East End are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in The East End; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.