Is Edgewater, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgewater is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Edgewater has remained a Buyer's Market.

Key Takeaway

Edgewater is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Edgewater, NJ

How much do homes in Edgewater, NJ cost?

Median Sold Price

$787,500

$446/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$126,500(+19.1%)

Key Takeaway

Homes in Edgewater have sold for 19.1% more than they did a year ago.

Summary: The median home sold price in Edgewater was $787,500 in November 2024, up 19.1% from last year, and the median price per square foot was $446.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $380K$390K
+2.6%
2 $610K$625.8K
+2.6%
3 $1.1M$1.2M
+6.5%
4 $1.2M$1.7M
+39.2%
5+ $914.5K$1.2M
+36.7%

Summary: Edgewater housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 39.2%, and 5+ bedroom homes increased by 36.7%.

Median Sold Price Compared To Nearby Cities

Edgewater
+19.1%
North Bergen Township
-4.5%
North Bergen
-5.0%

Housing Supply in Edgewater, NJ

How many homes are available in Edgewater, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4959+20.4%

Summary: The Edgewater real estate market had 59 homes for sale in November 2024, a 20.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 610
+66.7%
2 2023
+15.0%
3 1012
+20.0%
4 89
+12.5%
5+ 55
0.0%

Summary: The Edgewater housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewater, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Edgewater in November 2024, up by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Edgewater, NJ

How long does it take to sell a home in Edgewater, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days47 Days+98.6%

Summary: Homes in Edgewater had an average of 47 days on market in Nov 2024, up by 98.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Edgewater has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Edgewater; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Edgewater, NJ

Nearby Markets to Edgewater, NJ

What housing markets are near Edgewater, NJ?