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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edinburgh is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Edinburgh was a Buyer's Market.

Key Takeaway

Edinburgh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Edinburgh, IN

How much do homes in Edinburgh, IN cost?

Median Sold Price

$225,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+12.5%)

Key Takeaway

Homes in Edinburgh have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Edinburgh was $225,000 in October 2024, up 12.5% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $48.8K$132.4K
+171.4%
2 $122.5K$165.2K
+34.9%
3 $200K$240.1K
+20.1%
4 $294.9K$319K
+8.2%
5+ $208K$473K
+127.4%

Summary: Edinburgh housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 171.4%, 2 bedroom homes increased by 34.9%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 127.4%.

Median Sold Price Compared To Nearby Cities

Edinburgh
+12.5%
Edinburgh
+12.5%
German Township
0.0%

Housing Supply in Edinburgh, IN

How many homes are available in Edinburgh, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3331-6.1%

Summary: The Edinburgh real estate market had 31 homes for sale in October 2024, a 6.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 35
+66.7%
3 2020
0.0%
4 86
-25.0%
5+ 10
-100.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edinburgh, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Edinburgh in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Edinburgh, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
5 Days26 Days+420.0%

Summary: Homes in Edinburgh had an average of 26 days on market in Oct 2024, up by 420% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Edinburgh; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 20 Days Ago

Newest Listings in Edinburgh, IN

Nearby Markets to Edinburgh, IN

What housing markets are near Edinburgh, IN?