Is Far Eastside, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Far Eastside is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Far Eastside has remained a Seller's Market.

Key Takeaway

Far Eastside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Far Eastside, IN

How much do homes in Far Eastside, IN cost?

Median Sold Price

$174,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,100(+3.6%)

Key Takeaway

Homes in Far Eastside have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Far Eastside was $174,000 in April 2024, up 3.6% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $16.2K-
N/A
2 $75.5K$89K
+17.8%
3 $163K$164K
+0.6%
4 $203K$206.2K
+1.6%
5+ $198K$262.4K
+32.6%

Summary: Far Eastside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 32.6%.

Housing Supply in Far Eastside, IN

How many homes are available in Far Eastside, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
122106-13.1%

Summary: The Far Eastside real estate market had 106 homes for sale in April 2024, a 13.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 8879
-10.2%
4 2822
-21.4%
5+ 33
0.0%

Summary: The Far Eastside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3842+10.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Far Eastside, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Far Eastside in April 2024, up by 10.5% month-over-month. Of the 42 sold homes, 48% were sold under asking, 19% were sold at asking, and 33% 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

Apr 2023Apr 2024CHANGE
35 Days34 Days-3.4%

Summary: Homes in Far Eastside had an average of 34 days on market in Apr 2024, down by 3.4% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Far Eastside are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 42 homes were sold in Far Eastside; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

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