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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgewood is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Edgewood has remained a Seller's Market.

Key Takeaway

Edgewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Edgewood, MD cost?

Median Sold Price

$230,500

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$19,500(+9.2%)

Key Takeaway

Homes in Edgewood have sold for 9.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $110K$155K
+40.9%
2 $133.5K$125K
-6.4%
3 $213.4K$240K
+12.4%
4 $255K$250K
-2.0%
5+ $329K$300K
-8.8%

Median Sold Price Compared To Nearby Cities

Joppa
+20.4%
Abingdon
+11.7%
Edgewood
+9.2%

How many homes are available in Edgewood, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
7771-7.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 86
-25.0%
3 3431
-8.8%
4 2929
0.0%
5+ 65
-16.7%

Number of Homes Sold

Sep 2022Oct 2022%
2416-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewood, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
10 Days13 Days+20.0%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Edgewood, MD

Edgewood, MD has 71 homes on the market. The number of listings in Edgewood, MD decreased by 7.8% between September 2022 and October 2022. The median list price of listings available in October 2022 was $230,500, while the average time on the real estate market was 13 days. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 40.9%, prices of 2 bedrooms properties decreased by 6.4%, prices of 3 bedrooms properties went up by 12.4%, prices of 4 bedrooms properties went down by 2%, prices of 5 bedrooms properties decreased by 8.8%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 25%, 3 bedrooms homes became 8.8% less available, number of 4 bedrooms homes remained the same, 5 bedrooms homes became 16.7% less available. In October 2022 more than 7 listings in Edgewood, MD were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 3 were sold below.

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