Is Edgewood, GA 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 Seller's Market.
Housing Prices in Edgewood, GA
How much do homes in Edgewood, GA cost?
Median Sold Price
$558,700
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Edgewood was $558,700 in March 2024, up 4.2% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $340K | +4.6% |
2 Bedrooms | $405K | $404.6K | -0.1% |
3 Bedrooms | $565K | $585K | +3.5% |
4 Bedrooms | $755K | $827K | +9.5% |
5+ Bedrooms | $840K | $912.5K | +8.6% |
Summary: Edgewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Edgewood, GA
How many homes are available in Edgewood, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 63 | +12.5% |
Summary: The Edgewood real estate market had 63 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 22 | 19 | -13.6% |
4 Bedrooms | 10 | 16 | +60.0% |
5+ Bedrooms | 4 | 4 | 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 40%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Edgewood in March 2024, up by 50.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 20 Days | -0.1% |
Summary: Homes in Edgewood had an average of 20 days on market in Mar 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
14 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, 18 homes were sold in Edgewood; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.