Is Edgewood, 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, Edgewood has remained a Seller's Market.
Key Takeaway
Edgewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edgewood, FL
How much do homes in Edgewood, FL cost?
Median Sold Price
$423,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Edgewood have sold for 6% less than they did a year ago.
Summary: The median home sold price in Edgewood was $423,500 in May 2024, down 6% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.5K | $165K | +9.6% |
| 2 Bedrooms | $195K | $222K | +13.8% |
| 3 Bedrooms | $395K | $400K | +1.3% |
| 4 Bedrooms | $571.4K | $518K | -9.4% |
| 5+ Bedrooms | $970K | $515K | -46.9% |
Summary: Edgewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 46.9%.
Median Sold Price Compared To Nearby Cities
| Belle Isle | $501.2K | $585K | +16.7% |
| Orlando | $365.6K | $385.1K | +5.3% |
| Edgewood | $450.5K | $423.5K | -6.0% |
Housing Supply in Edgewood, FL
How many homes are available in Edgewood, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Edgewood real estate market had 20 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Edgewood 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Edgewood in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Edgewood, FL
How long does it take to sell a home in Edgewood, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 65 Days | +61.8% |
Summary: Homes in Edgewood had an average of 65 days on market in May 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Edgewood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Edgewood; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.