Is Edgewood, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgewood is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Edgewood was a Seller's Market.

Key Takeaway

Edgewood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Edgewood, GA

How much do homes in Edgewood, GA cost?

Median Sold Price

$527,000

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$23,000(-4.2%)

Key Takeaway

Homes in Edgewood have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Edgewood was $527,000 in May 2024, down 4.2% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $323.7K$340K
+5.0%
2 $402.5K$409.9K
+1.8%
3 $565K$576.2K
+2.0%
4 $762.2K$855.9K
+12.3%
5+ $840K$899K
+7.0%

Summary: Edgewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 7%.

Housing Supply in Edgewood, GA

How many homes are available in Edgewood, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5771+24.6%

Summary: The Edgewood real estate market had 71 homes for sale in May 2024, a 24.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 89
+12.5%
2 1411
-21.4%
3 1426
+85.7%
4 1820
+11.1%
5+ 35
+66.7%

Summary: The Edgewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 85.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewood, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Edgewood in May 2024, up by 10.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for Edgewood, GA

How long does it take to sell a home in Edgewood, GA?

Average Sale Time

May 2023May 2024CHANGE
14 Days30 Days+114.0%

Summary: Homes in Edgewood had an average of 30 days on market in May 2024, up by 114% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Edgewood are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 11 homes were sold in Edgewood; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 12 Days Ago

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