Is East, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$598,269
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East was $598,269 in March 2024, down 6% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $370K | -12.9% |
2 Bedrooms | $577.8K | $492.2K | -14.8% |
3 Bedrooms | $657.8K | $605.4K | -8.0% |
4 Bedrooms | $775K | $747.2K | -3.6% |
5+ Bedrooms | $1.2M | $993.2K | -17.2% |
Summary: East housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 17.2%.
Housing Supply in East, TX
How many homes are available in East, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
511 | 599 | +17.2% |
Summary: The East real estate market had 599 homes for sale in March 2024, a 17.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 43 | +59.3% |
2 Bedrooms | 109 | 135 | +23.9% |
3 Bedrooms | 246 | 282 | +14.6% |
4 Bedrooms | 106 | 108 | +1.9% |
5+ Bedrooms | 23 | 31 | +34.8% |
Summary: The East housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 59.3%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 34.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 78 | +5.4% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in East in March 2024, up by 5.4% month-over-month. Of the 78 sold homes, 63% were sold under asking, 14% were sold at asking, and 23% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 55 Days | +6.0% |
Summary: Homes in East had an average of 55 days on market in Mar 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 78 homes were sold in East; 54% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.