$5,343 Closing Credit*
$449,900
2,064 SqFt
3 Beds
•3 Full Baths, 1 Partial
Elizabeth A Heinsohn, Listing Office: Long & Foster Real Estate, Inc.
Is Edgewater, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Edgewater has remained a Seller's Market.
Key Takeaway
Edgewater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edgewater, MD
How much do homes in Edgewater, MD cost?
Median Sold Price
$495,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,500(+9.2%)
Key Takeaway
Homes in Edgewater have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Edgewater was $495,000 in October 2024, up 9.2% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $225K | +18.4% |
| 2 Bedrooms | $380K | $372K | -2.1% |
| 3 Bedrooms | $473.5K | $509K | +7.5% |
| 4 Bedrooms | $463K | $550K | +18.8% |
| 5+ Bedrooms | $832.5K | $755K | -9.3% |
Summary: Edgewater housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 9.3%.
Housing Supply in Edgewater, MD
How many homes are available in Edgewater, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 36 | -12.2% |
Summary: The Edgewater real estate market had 36 homes for sale in October 2024, a 12.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 19 | 13 | -31.6% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Edgewater 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 decreased by 30%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewater, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Edgewater in October 2024, down by 50.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Edgewater, MD
How long does it take to sell a home in Edgewater, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 33 Days | +177.1% |
Summary: Homes in Edgewater had an average of 33 days on market in Oct 2024, up by 177.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Edgewater are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Edgewater; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
