$1,532 Closing Credit*
$129,000
4,536 SqFt
Nikolay Todorov, Listing Office: Taylor Properties
Is East, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East was a Seller's Market.
Key Takeaway
East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East, MD
How much do homes in East, MD cost?
Median Sold Price
$128,833
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,193(+4.2%)
Key Takeaway
Homes in East have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in East was $128,833 in October 2024, up 4.2% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $28.4K | $80K | +180.9% |
| 2 Bedrooms | $120.4K | $115K | -4.6% |
| 3 Bedrooms | $105.2K | $120K | +14.0% |
| 4 Bedrooms | $205.5K | $229K | +11.4% |
| 5+ Bedrooms | $154K | $143K | -7.1% |
Summary: East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 180.9%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Middle East | $233K | $255.5K | +9.7% |
| East | $123.6K | $128.8K | +4.2% |
| Broadway East | $75K | $77K | +2.7% |
Housing Supply in East, MD
How many homes are available in East, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 336 | 401 | +19.3% |
Summary: The East real estate market had 401 homes for sale in October 2024, a 19.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 65 | 79 | +21.5% |
| 3 Bedrooms | 212 | 246 | +16.0% |
| 4 Bedrooms | 42 | 57 | +35.7% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The East 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 21.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in East in October 2024, up by 8.5% month-over-month. Of the 51 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for East, MD
How long does it take to sell a home in East, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 83 Days | +96.6% |
Summary: Homes in East had an average of 83 days on market in Oct 2024, up by 96.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in East are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 51 homes were sold in East; 33% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
