$3,859 Closing Credit*
$325,000
2,157 SqFt
3 Beds
•2 Full Baths
Dale L Bock, Listing Office: RE/MAX Ikon
Is Edgewood, 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, Edgewood has remained a Seller's Market.
Key Takeaway
Edgewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edgewood, MD
How much do homes in Edgewood, MD cost?
Median Sold Price
$260,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,500(+9.9%)
Key Takeaway
Homes in Edgewood have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Edgewood was $260,000 in October 2024, up 9.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174.9K | N/A |
| 2 Bedrooms | $132K | $135K | +2.3% |
| 3 Bedrooms | $247.6K | $262.6K | +6.1% |
| 4 Bedrooms | $285K | $286K | 0.4% |
| 5+ Bedrooms | $355K | $390K | +9.9% |
Summary: Edgewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in Edgewood, MD
How many homes are available in Edgewood, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 72 | +30.9% |
Summary: The Edgewood real estate market had 72 homes for sale in October 2024, a 30.9% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 25 | 34 | +36.0% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
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 20%, 3 bedroom homes increased by 36%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, expect to pay close to the asking price. 59.1% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Edgewood in October 2024, up by 69.2% month-over-month. Of the 22 sold homes, 23% were sold under asking, 59% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 35 Days | +32.1% |
Summary: Homes in Edgewood had an average of 35 days on market in Oct 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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, 22 homes were sold in Edgewood; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
