$1,663 Closing Credit*
$140,000
1,180 SqFt
3 Beds
•1 Full Bath
Jillian L McKown, Listing Office: Northrop Realty
Is Edgewood, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Edgewood has remained a Buyer's Market.
Key Takeaway
Edgewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edgewood, MD
How much do homes in Edgewood, MD cost?
Median Sold Price
$229,000
$121/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$79,000(+52.7%)
Key Takeaway
Homes in Edgewood have sold for 52.7% more than they did a month ago.
Summary: The median home sold price in Edgewood was $229,000 in October 2024, up 52.7% from last month, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $109K | $213K | +95.4% |
| 4 Bedrooms | $247.9K | $245K | -1.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Edgewood housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 95.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes did not change.
Housing Supply in Edgewood, MD
How many homes are available in Edgewood, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Edgewood real estate market had 26 homes for sale in October 2024, a 18.2% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Edgewood 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 increased by 100%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Edgewood in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Edgewood, MD
How long does it take to sell a home in Edgewood, MD?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 44 Days | +96.3% |
Summary: Homes in Edgewood had an average of 44 days on market in Oct 2024, up by 96.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Edgewood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
