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 October 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

$507/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-2.1%)

Key Takeaway

Homes in Central East Austin / East Side have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Central East Austin / East Side was $685,000 in October 2024, down 2.1% from last year, and the median price per square foot was $507.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $438K$425K
-3.0%
2 $638K$612K
-4.1%
3 $768.3K$651.5K
-15.2%
4 $942.5K$1.1M
+20.1%
5+ $1.1M$1.0M
-12.8%

Summary: Central East Austin / East Side housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 20.1%, 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

Sep 2024Oct 2024CHANGE
4151+24.4%

Summary: The Central East Austin / East Side real estate market had 51 homes for sale in October 2024, a 24.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 810
+25.0%
2 814
+75.0%
3 1314
+7.7%
4 89
+12.5%
5+ 44
0.0%

Summary: The Central East Austin / East Side housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Central East Austin / East Side in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
11 Days46 Days+320.5%

Summary: Homes in Central East Austin / East Side had an average of 46 days on market in Oct 2024, up by 320.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 4 homes were sold in Central East Austin / East Side; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

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