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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Near Eastside is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Near Eastside, IN

How much do homes in Near Eastside, IN cost?

Median Sold Price

$179,985

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$2,110(+1.2%)

Key Takeaway

Homes in Near Eastside have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Near Eastside was $179,985 in May 2024, up 1.2% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $57.9K$46K
-20.6%
2 $146.6K$146K
-0.5%
3 $201K$195.5K
-2.7%
4 $249.9K$221K
-11.6%
5+ $247K$225K
-8.9%

Summary: Near Eastside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.6%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 8.9%.

Median Sold Price Compared To Nearby Neighborhoods

Near Eastside
+1.2%
South Brookside
-22.6%

Housing Supply in Near Eastside, IN

How many homes are available in Near Eastside, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
224243+8.5%

Summary: The Near Eastside real estate market had 243 homes for sale in May 2024, a 8.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 7177
+8.5%
3 110115
+4.5%
4 3742
+13.5%
5+ 47
+75.0%

Summary: The Near Eastside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5641-26.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Near Eastside, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Near Eastside in May 2024, down by 26.8% month-over-month. Of the 41 sold homes, 46% were sold under asking, 24% were sold at asking, and 29% were sold over asking.

Days on Market for Near Eastside, IN

How long does it take to sell a home in Near Eastside, IN?

Average Sale Time

May 2023May 2024CHANGE
49 Days42 Days-14.8%

Summary: Homes in Near Eastside had an average of 42 days on market in May 2024, down by 14.8% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 41 homes were sold in Near Eastside; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

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