Is Edmonds, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Edmonds has remained a Seller's Market.
Housing Prices in Edmonds, WA
How much do homes in Edmonds, WA cost?
Median Sold Price
$849,999
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Edmonds was $849,999 in May 2024, the same as last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $466.7K | $472.4K | +1.2% |
2 Bedrooms | $600K | $625K | +4.2% |
3 Bedrooms | $835K | $775K | -7.2% |
4 Bedrooms | $1.1M | $1.0M | -8.4% |
5+ Bedrooms | $1.3M | $1.3M | -3.4% |
Summary: Edmonds housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
Lynnwood | $721.6K | $759.7K | +5.3% |
Mountlake Terrace | $622.5K | $637K | +2.3% |
Shoreline | $785K | $794.9K | +1.3% |
Edmonds | $849.9K | $849.9K | 0.0% |
Housing Supply in Edmonds, WA
How many homes are available in Edmonds, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
194 | 231 | +19.1% |
Summary: The Edmonds real estate market had 231 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 44 | 41 | -6.8% |
3 Bedrooms | 53 | 77 | +45.3% |
4 Bedrooms | 60 | 74 | +23.3% |
5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The Edmonds housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 45.3%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 78 | +2.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Edmonds in May 2024, up by 2.6% month-over-month. Of the 78 sold homes, 24% were sold under asking, 31% were sold at asking, and 45% were sold over asking.
Days on Market for Edmonds, WA
How long does it take to sell a home in Edmonds, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 13 Days | -22.9% |
Summary: Homes in Edmonds had an average of 13 days on market in May 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 78 homes were sold in Edmonds; 82% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.