Is EaDo, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, EaDo has remained a Seller's Market.
Key Takeaway
EaDo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in EaDo, TX
How much do homes in EaDo, TX cost?
Median Sold Price
$407,250
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in EaDo have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in EaDo was $407,250 in May 2024, up 1.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | $257.5K | +16.0% |
| 2 Bedrooms | $332K | $344K | +3.6% |
| 3 Bedrooms | $424.9K | $449K | +5.6% |
| 4 Bedrooms | $475.5K | $603K | +26.8% |
| 5+ Bedrooms | $495K | $1.4M | +189.9% |
Summary: EaDo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 189.9%.
Median Sold Price Compared To Nearby Neighborhoods
| South Central Houston | $423.2K | $438.6K | +3.6% |
| Second Ward | $385K | $390K | +1.3% |
| EaDo | $402.9K | $407.2K | +1.1% |
| Downtown | $397.3K | $384.5K | -3.2% |
| Greater Eastwood | $390K | $370K | -5.1% |
Housing Supply in EaDo, TX
How many homes are available in EaDo, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Summary: The EaDo real estate market had 52 homes for sale in May 2024, a 2.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The EaDo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in EaDo, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in EaDo in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for EaDo, TX
How long does it take to sell a home in EaDo, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +15.2% |
Summary: Homes in EaDo had an average of 30 days on market in May 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in EaDo are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in EaDo; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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