Is Edna, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edna is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Edna was a Buyer's Market.

Key Takeaway

Edna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Edna, TX

How much do homes in Edna, TX cost?

Median Sold Price

$295,000

$153/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$142,500(+93.4%)

Key Takeaway

Homes in Edna have sold for 93.4% more than they did a month ago.

Summary: The median home sold price in Edna was $295,000 in August 2024, up 93.4% from last month, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $152.5K$295K
+93.4%
4 -$274K
N/A
5+ -$1.0M
N/A

Summary: Edna housing prices by bedroom type for August 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 93.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Edna
+93.4%
Edna-Cordele
+93.4%

Housing Supply in Edna, TX

How many homes are available in Edna, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
15150.0%

Summary: The Edna real estate market had 15 homes for sale in August 2024, the same as July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 22
0.0%
3 86
-25.0%
4 24
+100.0%
5+ 22
0.0%

Summary: The Edna housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 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 Edna, 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 Edna in August 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Edna, TX

How long does it take to sell a home in Edna, TX?

Average Sale Time

Jul 2024Aug 2024CHANGE
212 Days160 Days-24.2%

Summary: Homes in Edna had an average of 160 days on market in Aug 2024, down by 24.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Edna are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During August 2024, 3 homes were sold in Edna; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 27 Days Ago

Newest Listings in Edna, TX

Nearby Markets to Edna, TX

What housing markets are near Edna, TX?