Is Central East Austin / East Side, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central East Austin / East Side is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Central East Austin / East Side was a Seller's Market.

Key Takeaway

Central East Austin / East Side is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Central East Austin / East Side, TX

How much do homes in Central East Austin / East Side, TX cost?

Median Sold Price

$685,000

$509/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,700(+4.4%)

Key Takeaway

Homes in Central East Austin / East Side have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Central East Austin / East Side was $685,000 in November 2024, up 4.4% from last year, and the median price per square foot was $509.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $434K$425K
-2.1%
2 $631.5K$612K
-3.1%
3 $739.9K$651.5K
-11.9%
4 $985K$1.0M
+10.8%
5+ $1.1M$1.0M
-12.8%

Summary: Central East Austin / East Side housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 12.8%.

Housing Supply in Central East Austin / East Side, TX

How many homes are available in Central East Austin / East Side, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4347+9.3%

Summary: The Central East Austin / East Side real estate market had 47 homes for sale in November 2024, a 9.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 710
+42.9%
2 1312
-7.7%
3 1114
+27.3%
4 98
-11.1%
5+ 33
0.0%

Summary: The Central East Austin / East Side housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central East Austin / East Side, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Central East Austin / East Side in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Central East Austin / East Side, TX

How long does it take to sell a home in Central East Austin / East Side, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days49 Days-4.8%

Summary: Homes in Central East Austin / East Side had an average of 49 days on market in Nov 2024, down by 4.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Central East Austin / East Side are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Central East Austin / East Side; 50% of homes were sold within 30 days, 50% 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 21 Days Ago

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