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 October 2023

At the same time last year, Edgewood was a Buyer'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

$225,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,000(+8.2%)

Key Takeaway

Homes in Edgewood have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Edgewood was $225,000 in October 2024, up 8.2% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $145K-
N/A
2 $166.2K$195K
+17.3%
3 $208.5K$233K
+11.8%
4 $253K$234K
-7.5%
5+ $275K$300.7K
+9.3%

Summary: Edgewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 9.3%.

Housing Supply in Edgewood, IN

How many homes are available in Edgewood, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2726-3.7%

Summary: The Edgewood real estate market had 26 homes for sale in October 2024, a 3.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 69
+50.0%
3 1412
-14.3%
4 54
-20.0%
5+ 21
-50.0%

Summary: The Edgewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewood, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Edgewood in October 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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 2023Oct 2024CHANGE
50 Days29 Days-40.7%

Summary: Homes in Edgewood had an average of 29 days on market in Oct 2024, down by 40.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Edgewood has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Edgewood; 33% of homes were sold within 30 days, 67% 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 21 Days Ago

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