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 September 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, IN

How much do homes in Edgewood, IN cost?

Median Sold Price

$226,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,000(+8.7%)

Key Takeaway

Homes in Edgewood have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Edgewood was $226,000 in September 2024, up 8.7% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $145K-
N/A
2 $168.7K$192.5K
+14.1%
3 $208.5K$230K
+10.3%
4 $253K$234K
-7.5%
5+ $217.5K$325.3K
+49.6%

Summary: Edgewood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 49.6%.

Housing Supply in Edgewood, IN

How many homes are available in Edgewood, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
28280.0%

Summary: The Edgewood real estate market had 28 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1715
-11.8%
4 45
+25.0%
5+ 22
0.0%

Summary: The Edgewood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewood, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Edgewood in September 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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

Sep 2023Sep 2024CHANGE
22 Days6 Days-73.3%

Summary: Homes in Edgewood had an average of 6 days on market in Sep 2024, down by 73.3% compared to last year.

Breakdown of Home Sale Times

6 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 September 2024, 6 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 Sep 1, 2024

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