Is Edgewood, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Edgewood has remained a Seller's Market.
Housing Prices in Edgewood, GA
How much do homes in Edgewood, GA cost?
Median Sold Price
$540,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Edgewood was $540,000 in June 2024, up 0.6% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $323.7K | $340K | +5.0% |
2 Bedrooms | $405K | $408.5K | +0.9% |
3 Bedrooms | $565K | $575K | +1.8% |
4 Bedrooms | $802K | $840K | +4.7% |
5+ Bedrooms | $897K | $882K | -1.7% |
Summary: Edgewood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in Edgewood, GA
How many homes are available in Edgewood, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
61 | 67 | +9.8% |
Summary: The Edgewood real estate market had 67 homes for sale in June 2024, a 9.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Edgewood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Edgewood in June 2024, down by 14.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
11 Days | 43 Days | +280.6% |
Summary: Homes in Edgewood had an average of 43 days on market in Jun 2024, up by 280.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Edgewood; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.