$6,828 Closing Credit*
$575,000
2,640 SqFt
4 Beds
•2 Full Baths, 1 Partial
Amy Bair, Listing Office: Howard Hanna Real Estate Services
Is Edgewood, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, PA
How much do homes in Edgewood, PA cost?
Median Sold Price
$320,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$22,750(-6.6%)
Key Takeaway
Homes in Edgewood have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Edgewood was $320,000 in December 2024, down 6.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179K | $213.5K | +19.3% |
| 3 Bedrooms | $265K | $301.2K | +13.7% |
| 4 Bedrooms | $390K | $365.5K | -6.3% |
| 5+ Bedrooms | $395.2K | $515.5K | +30.4% |
Summary: Edgewood housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
| Swissvale | $175K | $169.9K | -2.9% |
| Wilkinsburg | $135K | $130.9K | -3.0% |
| Edgewood | $342.7K | $320K | -6.6% |
Housing Supply in Edgewood, PA
How many homes are available in Edgewood, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Edgewood real estate market had 13 homes for sale in December 2024, a 18.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Edgewood housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 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, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Edgewood in December 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Edgewood, PA
How long does it take to sell a home in Edgewood, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 53 Days | 62 Days | +16.6% |
Summary: Homes in Edgewood had an average of 62 days on market in Dec 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Edgewood has remained consistent over time.
Summary: During December 2024, 5 homes were sold in Edgewood; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
