Is East, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, East was a Neutral 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, TX

How much do homes in East, TX cost?

Median Sold Price

$574,780

$403/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$33,772(-5.5%)

Key Takeaway

Homes in East have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in East was $574,780 in November 2024, down 5.5% from last year, and the median price per square foot was $403.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $388.7K$336K
-13.6%
2 $515K$493.4K
-4.2%
3 $624.9K$591.6K
-5.3%
4 $750K$758K
+1.1%
5+ $1.0M$745.2K
-27.8%

Summary: East housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 27.8%.

Housing Supply in East, TX

How many homes are available in East, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
570605+6.1%

Summary: The East real estate market had 605 homes for sale in November 2024, a 6.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3642
+16.7%
2 134136
+1.5%
3 251283
+12.7%
4 115109
-5.2%
5+ 3435
+2.9%

Summary: The East housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 2.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5866+13.8%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in East in November 2024, up by 13.8% month-over-month. Of the 66 sold homes, 68% were sold under asking, 24% were sold at asking, and 8% were sold over asking.

Days on Market for East, TX

How long does it take to sell a home in East, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
68 Days63 Days-8.5%

Summary: Homes in East had an average of 63 days on market in Nov 2024, down by 8.5% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 66 homes were sold in East; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% 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

Newest Listings in East, TX

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