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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Far Eastside is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Far Eastside, IN

How much do homes in Far Eastside, IN cost?

Median Sold Price

$176,916

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,291(+1.9%)

Key Takeaway

Homes in Far Eastside have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Far Eastside was $176,916 in October 2024, up 1.9% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $82.5K$89.5K
+8.5%
3 $165K$170K
+3.0%
4 $195K$210K
+7.7%
5+ $273K$245K
-10.3%

Summary: Far Eastside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 10.3%.

Housing Supply in Far Eastside, IN

How many homes are available in Far Eastside, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132133+0.8%

Summary: The Far Eastside real estate market had 133 homes for sale in October 2024, a 0.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 9594
-1.1%
4 2524
-4.0%
5+ 46
+50.0%

Summary: The Far Eastside housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3141+32.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Far Eastside, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Far Eastside in October 2024, up by 32.3% month-over-month. Of the 41 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.

Days on Market for Far Eastside, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days16 Days-21.9%

Summary: Homes in Far Eastside had an average of 16 days on market in Oct 2024, down by 21.9% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 41 homes were sold in Far Eastside; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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