Is Greater Eastwood, TX 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, Greater Eastwood was a Seller's Market.
Key Takeaway
Greater Eastwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Greater Eastwood, TX
How much do homes in Greater Eastwood, TX cost?
Median Sold Price
$365,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Greater Eastwood have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Greater Eastwood was $365,000 in April 2024, down 5.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $847.5K | $273K | -67.8% |
| 2 Bedrooms | $335K | $314.6K | -6.1% |
| 3 Bedrooms | $399.9K | $380K | -5.0% |
| 4 Bedrooms | $445K | $470K | +5.6% |
| 5+ Bedrooms | $347.8K | $495K | +42.3% |
Summary: Greater Eastwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.8%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 42.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South Central Houston | $420.3K | $434.9K | +3.5% |
| EaDo | $395.3K | $405K | +2.5% |
| Second Ward | $382.5K | $390K | +2.0% |
| Greater Eastwood | $387K | $365K | -5.7% |
Housing Supply in Greater Eastwood, TX
How many homes are available in Greater Eastwood, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 72 | +20.0% |
Summary: The Greater Eastwood real estate market had 72 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 31 | 38 | +22.6% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Greater Eastwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Greater Eastwood, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Greater Eastwood in April 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.
Days on Market for Greater Eastwood, TX
How long does it take to sell a home in Greater Eastwood, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 31 Days | -7.5% |
Summary: Homes in Greater Eastwood had an average of 31 days on market in Apr 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Greater Eastwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Greater Eastwood; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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”.