Is Far Eastside, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Far Eastside is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Far Eastside has remained a Seller's Market.

Key Takeaway

Far Eastside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Far Eastside, IN

How much do homes in Far Eastside, IN cost?

Median Sold Price

$175,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,860(+5.3%)

Key Takeaway

Homes in Far Eastside have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Far Eastside was $175,000 in May 2024, up 5.3% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $16.2K-
N/A
2 $76.8K$86K
+11.9%
3 $163K$165K
+1.2%
4 $201K$203K
+1.0%
5+ $177.5K$262.4K
+47.9%

Summary: Far Eastside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 47.9%.

Housing Supply in Far Eastside, IN

How many homes are available in Far Eastside, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
11196-13.5%

Summary: The Far Eastside real estate market had 96 homes for sale in May 2024, a 13.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 8269
-15.9%
4 2422
-8.3%
5+ 32
-33.3%

Summary: The Far Eastside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4228-33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Far Eastside, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Far Eastside in May 2024, down by 33.3% month-over-month. Of the 28 sold homes, 32% were sold under asking, 21% were sold at asking, and 46% were sold over asking.

Days on Market for Far Eastside, IN

How long does it take to sell a home in Far Eastside, IN?

Average Sale Time

May 2023May 2024CHANGE
25 Days19 Days-20.4%

Summary: Homes in Far Eastside had an average of 19 days on market in May 2024, down by 20.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 28 homes were sold in Far Eastside; 68% of homes were sold within 30 days, 32% 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 1 Day Ago

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