Is East, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East was a Seller's Market.
Key Takeaway
East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East, MD
How much do homes in East, MD cost?
Median Sold Price
$124,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in East was $124,000 in April 2024, down 11.5% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $19.9K | $105K | +425.7% |
| 2 Bedrooms | $136.4K | $111.3K | -18.4% |
| 3 Bedrooms | $120K | $120K | 0.0% |
| 4 Bedrooms | $216.2K | $192K | -11.2% |
| 5+ Bedrooms | $162.5K | $150K | -7.7% |
Summary: East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 425.7%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Middle East | $201.5K | $250K | +24.1% |
| East | $140K | $124K | -11.5% |
| Broadway East | $86K | $63K | -26.7% |
Housing Supply in East, MD
How many homes are available in East, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 333 | 356 | +6.9% |
Summary: The East real estate market had 356 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 68 | 64 | -5.9% |
| 3 Bedrooms | 195 | 208 | +6.7% |
| 4 Bedrooms | 50 | 62 | +24.0% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The East 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 5.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 46 | -22.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East, you could pay more than the asking price. 37% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in East in April 2024, down by 22.0% month-over-month. Of the 46 sold homes, 30% were sold under asking, 33% were sold at asking, and 37% were sold over asking.
Days on Market for East, MD
How long does it take to sell a home in East, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 54 Days | +19.6% |
Summary: Homes in East had an average of 54 days on market in Apr 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 46 homes were sold in East; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
