$350,000
1.38 Acres
Land
Roger Kincaid, Listing Office: KINCAID REALTY
Is Edgewater, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Edgewater was a Seller'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, FL
How much do homes in Edgewater, FL cost?
Median Sold Price
$324,437
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$9,437(+3.0%)
Key Takeaway
Homes in Edgewater have sold for 3% more than they did a year ago.
Summary: The median home sold price in Edgewater was $324,437 in August 2024, up 3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | - | N/A |
| 2 Bedrooms | $246K | $254.9K | +3.7% |
| 3 Bedrooms | $315K | $322K | +2.2% |
| 4 Bedrooms | $349.4K | $384.9K | +10.2% |
| 5+ Bedrooms | $385K | $450K | +16.9% |
Summary: Edgewater housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Edgewater | $315K | $324.4K | +3.0% |
| Central Volusia | $449.9K | $460K | +2.2% |
| New Smyrna Beach | $434.1K | $440.9K | +1.6% |
Housing Supply in Edgewater, FL
How many homes are available in Edgewater, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 257 | 247 | -3.9% |
Summary: The Edgewater real estate market had 247 homes for sale in August 2024, a 3.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 37 | 28 | -24.3% |
| 3 Bedrooms | 146 | 144 | -1.4% |
| 4 Bedrooms | 60 | 61 | +1.7% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Edgewater housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 24.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 43 | 29 | -32.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewater, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Edgewater in August 2024, down by 32.6% month-over-month. Of the 29 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.
Days on Market for Edgewater, FL
How long does it take to sell a home in Edgewater, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 56 Days | 80 Days | +41.7% |
Summary: Homes in Edgewater had an average of 80 days on market in Aug 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Edgewater has remained consistent over time.
Summary: During August 2024, 29 homes were sold in Edgewater; 17% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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