Is Edgewood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Edgewood was a Neutral Market.
Key Takeaway
Edgewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edgewood, FL
How much do homes in Edgewood, FL cost?
Median Sold Price
$425,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Edgewood have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Edgewood was $425,000 in March 2024, down 3.4% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $180K | +20.0% |
| 2 Bedrooms | $184.2K | $222K | +20.5% |
| 3 Bedrooms | $395K | $456.2K | +15.5% |
| 4 Bedrooms | $571.4K | $477.5K | -16.4% |
| 5+ Bedrooms | $935K | $500K | -46.5% |
Summary: Edgewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 46.5%.
Median Sold Price Compared To Nearby Cities
| Belle Isle | $500K | $582K | +16.4% |
| Orlando | $360.1K | $379.9K | +5.5% |
| Edgewood | $440K | $425K | -3.4% |
Housing Supply in Edgewood, FL
How many homes are available in Edgewood, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Summary: The Edgewood real estate market had 13 homes for sale in March 2024, a 44.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Edgewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Edgewood in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Edgewood, FL
How long does it take to sell a home in Edgewood, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 19 Days | -74.8% |
Summary: Homes in Edgewood had an average of 19 days on market in Mar 2024, down by 74.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Edgewood; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.