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 November 2023

Since last year, Edinburgh has remained a Seller'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

$227,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,000(+13.5%)

Key Takeaway

Homes in Edinburgh have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Edinburgh was $227,000 in November 2024, up 13.5% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $48.8K$132.4K
+171.4%
2 $135K$166K
+23.0%
3 $200K$234.9K
+17.4%
4 $278.9K$327K
+17.2%
5+ -$473K
N/A

Summary: Edinburgh housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 171.4%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Blue River Township
+17.4%
Edinburgh
+13.5%
Edinburgh
+13.5%
German Township
-0.2%

Housing Supply in Edinburgh, IN

How many homes are available in Edinburgh, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2920-31.0%

Summary: The Edinburgh real estate market had 20 homes for sale in November 2024, a 31.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1912
-36.8%
4 55
0.0%
5+ 00
0.0%

Summary: The Edinburgh 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 40%, 3 bedroom homes decreased by 36.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

1 Home Was 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, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Edinburgh in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% 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

Nov 2023Nov 2024CHANGE
20 Days43 Days+107.8%

Summary: Homes in Edinburgh had an average of 43 days on market in Nov 2024, up by 107.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 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 November 2024, 7 homes were sold in Edinburgh; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 Edinburgh, IN

Nearby Markets to Edinburgh, IN

What housing markets are near Edinburgh, IN?