Is Edgewood, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgewood is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, IN

How much do homes in Edgewood, IN cost?

Median Sold Price

$254,950

$115/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$27,950(+12.3%)

Key Takeaway

Homes in Edgewood have sold for 12.3% more than they did a month ago.

Summary: The median home sold price in Edgewood was $254,950 in November 2024, up 12.3% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $199K-
N/A
3 $205K$254.9K
+24.4%
4 $264.5K-
N/A
5+ --
N/A

Summary: Edgewood housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 24.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Edgewood, IN

How many homes are available in Edgewood, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86-25.0%

Summary: The Edgewood real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 45
+25.0%
4 31
-66.7%
5+ 00
0.0%

Summary: The Edgewood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Edgewood in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Edgewood, IN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
13 Days3 Days-74.5%

Summary: Homes in Edgewood had an average of 3 days on market in Nov 2024, down by 74.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Edgewood; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

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