$9,132 Closing Credit*
$769,000
4 Beds
•3 Full Baths
Allise Raad, Listing Office: Harry Norman Realtors
Is Edgewood, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, GA
How much do homes in Edgewood, GA cost?
Median Sold Price
$545,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-2.7%)
Key Takeaway
Homes in Edgewood have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Edgewood was $545,000 in October 2024, down 2.7% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $340K | +4.6% |
| 2 Bedrooms | $400K | $409.2K | +2.3% |
| 3 Bedrooms | $575K | $587.5K | +2.2% |
| 4 Bedrooms | $805K | $840K | +4.3% |
| 5+ Bedrooms | $862.4K | $873.5K | +1.3% |
Summary: Edgewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in Edgewood, GA
How many homes are available in Edgewood, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 54 | +22.7% |
Summary: The Edgewood real estate market had 54 homes for sale in October 2024, a 22.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Edgewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Edgewood in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for Edgewood, GA
How long does it take to sell a home in Edgewood, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 27 Days | +210.8% |
Summary: Homes in Edgewood had an average of 27 days on market in Oct 2024, up by 210.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Edgewood; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.