$7,836 Closing Credit*
$659,900
2,948 SqFt
4 Beds
•3 Full Baths, 1 Partial
DeAnna W Miller, 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 November 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
$490,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,500(+5.0%)
Key Takeaway
Homes in Edgewater have sold for 5% more than they did a year ago.
Summary: The median home sold price in Edgewater was $490,000 in November 2024, up 5% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $225K | +18.4% |
| 2 Bedrooms | $376K | $380K | +1.1% |
| 3 Bedrooms | $495K | $490K | -1.0% |
| 4 Bedrooms | $471.5K | $506.8K | +7.5% |
| 5+ Bedrooms | $832.5K | $755K | -9.3% |
Summary: Edgewater housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 7.5%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Edgewater real estate market had 34 homes for sale in November 2024, a 3.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Edgewater 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 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewater, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Edgewater in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 18 Days | -25.1% |
Summary: Homes in Edgewater had an average of 18 days on market in Nov 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewater are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Edgewater; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
