Is Edgewater, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Edgewater has remained a Seller's Market.
Key Takeaway
Edgewater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edgewater, FL
How much do homes in Edgewater, FL cost?
Median Sold Price
$320,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Edgewater have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Edgewater was $320,000 in May 2024, up 1.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $122K | +43.5% |
| 2 Bedrooms | $245K | $248K | +1.2% |
| 3 Bedrooms | $317K | $320K | +0.9% |
| 4 Bedrooms | $353.9K | $384.9K | +8.8% |
| 5+ Bedrooms | $388.9K | $560K | +44.0% |
Summary: Edgewater housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.5%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 44%.
Median Sold Price Compared To Nearby Cities
| Central Volusia | $433.9K | $459.6K | +5.9% |
| Edgewater | $315K | $320K | +1.6% |
| New Smyrna Beach | $437.7K | $435.3K | -0.5% |
Housing Supply in Edgewater, FL
How many homes are available in Edgewater, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 255 | 264 | +3.5% |
Summary: The Edgewater real estate market had 264 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 34 | 38 | +11.8% |
| 3 Bedrooms | 140 | 148 | +5.7% |
| 4 Bedrooms | 69 | 66 | -4.3% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Edgewater 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 11.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 46 | -6.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewater, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Edgewater in May 2024, down by 6.1% month-over-month. Of the 46 sold homes, 54% were sold under asking, 30% were sold at asking, and 15% were sold over asking.
Days on Market for Edgewater, FL
How long does it take to sell a home in Edgewater, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 53 Days | +27.6% |
Summary: Homes in Edgewater had an average of 53 days on market in May 2024, up by 27.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewater are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 46 homes were sold in Edgewater; 50% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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