$3,740 Closing Credit*
$314,950
1,449 SqFt
4 Beds
•2 Full Baths
Brian Hunt, Listing Office: Real Broker LLC
Is East Side, VA 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 Side was a Seller's Market.
Key Takeaway
East Side is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Side, VA
How much do homes in East Side, VA cost?
Median Sold Price
$319,996
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,046(+4.6%)
Key Takeaway
Homes in East Side have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in East Side was $319,996 in October 2024, up 4.6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.4K | $150K | -1.6% |
| 2 Bedrooms | $217K | $220K | +1.4% |
| 3 Bedrooms | $315.6K | $340K | +7.7% |
| 4 Bedrooms | $425K | $395K | -7.1% |
| 5+ Bedrooms | $540K | $449.3K | -16.8% |
Summary: East Side housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 16.8%.
Housing Supply in East Side, VA
How many homes are available in East Side, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 135 | 145 | +7.4% |
Summary: The East Side real estate market had 145 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 86 | 92 | +7.0% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The East Side 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 3.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Side, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in East Side in October 2024, down by 25.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.
Days on Market for East Side, VA
How long does it take to sell a home in East Side, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 22 Days | -20.5% |
Summary: Homes in East Side had an average of 22 days on market in Oct 2024, down by 20.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Side are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in East Side; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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