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 November 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

$225,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 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 November 2024, up 8.2% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $145K-
N/A
2 $176.2K$192.5K
+9.2%
3 $208.5K$233K
+11.8%
4 $245K$249.5K
+1.8%
5+ $275K$300.7K
+9.3%

Summary: Edgewood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Neighborhoods

Edgewood
+8.2%
Elders Edgewood
+5.6%

Housing Supply in Edgewood, IN

How many homes are available in Edgewood, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2724-11.1%

Summary: The Edgewood real estate market had 24 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 97
-22.2%
3 1212
0.0%
4 53
-40.0%
5+ 12
+100.0%

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 22.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were 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. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Edgewood in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% 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

Nov 2023Nov 2024CHANGE
24 Days25 Days+2.4%

Summary: Homes in Edgewood had an average of 25 days on market in Nov 2024, up by 2.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was 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, 5 homes were sold in Edgewood; 80% of homes were sold within 30 days, 20% 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

Newest Listings in Edgewood, IN

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