$2,078 Closing Credit*
$175,000
1,240 SqFt
3 Beds
•1 Full Bath, 1 Partial
Abdul Q Chaudhry, Listing Office: Rehman Realty
Is Edgewood, 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, 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
$261,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,000(+12.0%)
Key Takeaway
Homes in Edgewood have sold for 12% more than they did a year ago.
Summary: The median home sold price in Edgewood was $261,500 in November 2024, up 12% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174.9K | N/A |
| 2 Bedrooms | $132K | $135.5K | +2.7% |
| 3 Bedrooms | $251K | $264K | +5.2% |
| 4 Bedrooms | $293.4K | $294.5K | 0.4% |
| 5+ Bedrooms | $365K | $390K | +6.8% |
Summary: Edgewood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in Edgewood, MD
How many homes are available in Edgewood, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 59 | -9.2% |
Summary: The Edgewood real estate market had 59 homes for sale in November 2024, a 9.2% decrease 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 | 4 | 10 | +150.0% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 25 | 19 | -24.0% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Edgewood 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 increased by 150%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 13 | -40.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Edgewood in November 2024, down by 40.9% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 36 Days | +83.0% |
Summary: Homes in Edgewood had an average of 36 days on market in Nov 2024, up by 83% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Edgewood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Edgewood; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
