$3,324 Closing Credit*
$279,900
501 SqFt
1 Bed
•1 Full Bath
Pennye Green, Listing Office: Long & Foster Real Estate, Inc.
Is Edgewood, DC 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, Edgewood was a Seller's Market.
Key Takeaway
Edgewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edgewood, DC
How much do homes in Edgewood, DC cost?
Median Sold Price
$650,000
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.0%)
Key Takeaway
Homes in Edgewood have sold for 4% more than they did a year ago.
Summary: The median home sold price in Edgewood was $650,000 in October 2024, up 4% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $294K | $310K | +5.4% |
| 2 Bedrooms | $494K | $435.5K | -11.8% |
| 3 Bedrooms | $750K | $747.4K | -0.3% |
| 4 Bedrooms | $825.5K | $842.5K | +2.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Edgewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Edgewood | $625K | $650K | +4.0% |
| Edgewood / Bloomingdale / Truxton Circle / Eckington | $750K | $780K | +4.0% |
| Brookland / Brentwood / Langdon | $649.5K | $622K | -4.2% |
| Bloomingdale | $949K | $900K | -5.2% |
Housing Supply in Edgewood, DC
How many homes are available in Edgewood, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 52 | +57.6% |
Summary: The Edgewood real estate market had 52 homes for sale in October 2024, a 57.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 14 | 25 | +78.6% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Edgewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 78.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Edgewood in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Edgewood, DC
How long does it take to sell a home in Edgewood, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 123 Days | 45 Days | -63.4% |
Summary: Homes in Edgewood had an average of 45 days on market in Oct 2024, down by 63.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Edgewood has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Edgewood; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
