Is Edgewood, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Edgewood has remained a Buyer's Market.
Housing Prices in Edgewood, DC
How much do homes in Edgewood, DC cost?
Median Sold Price
$622,500
$463/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Edgewood was $622,500 in March 2024, up 1.2% from last year, and the median price per square foot was $463.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $284K | $335.5K | +18.1% |
2 Bedrooms | $425K | $472K | +11.1% |
3 Bedrooms | $749K | $752.5K | 0.5% |
4 Bedrooms | $925K | $850K | -8.1% |
5+ Bedrooms | $795K | - | N/A |
Summary: Edgewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Bloomingdale | $832K | $949K | +14.1% |
Edgewood / Bloomingdale / Truxton Circle / Eckington | $739.5K | $750K | +1.4% |
Edgewood | $615K | $622.5K | +1.2% |
Brookland / Brentwood / Langdon | $685K | $610K | -10.9% |
Housing Supply in Edgewood, DC
How many homes are available in Edgewood, DC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 122 | +8.0% |
Summary: The Edgewood real estate market had 122 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 21 | +10.5% |
2 Bedrooms | 22 | 25 | +13.6% |
3 Bedrooms | 48 | 51 | +6.3% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Edgewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Edgewood in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for Edgewood, DC
How long does it take to sell a home in Edgewood, DC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 34 Days | +336.1% |
Summary: Homes in Edgewood had an average of 34 days on market in Mar 2024, up by 336.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Edgewood; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.