Is Midtown / Edmondson, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Midtown / Edmondson has remained a Seller's Market.
Key Takeaway
Midtown / Edmondson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midtown / Edmondson, MD
How much do homes in Midtown / Edmondson, MD cost?
Median Sold Price
$34,000
$141/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Midtown / Edmondson have sold for 61.5% less than they did a month ago.
Summary: The median home sold price in Midtown / Edmondson was $34,000 in April 2024, down 61.5% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $33K | N/A |
| 3 Bedrooms | $88.2K | $35K | -60.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Midtown / Edmondson housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 60.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rosemont Homeowners / Tenants | $35K | $190K | +442.9% |
| Harlem Park | $138.5K | $61.8K | -55.3% |
| Midtown / Edmondson | $88.2K | $34K | -61.5% |
Housing Supply in Midtown / Edmondson, MD
How many homes are available in Midtown / Edmondson, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Summary: The Midtown / Edmondson real estate market had 13 homes for sale in April 2024, a 31.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 9 | -43.8% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Midtown / Edmondson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 43.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown / Edmondson, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Midtown / Edmondson in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Midtown / Edmondson, MD
How long does it take to sell a home in Midtown / Edmondson, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 116 Days | 124 Days | +6.4% |
Summary: Homes in Midtown / Edmondson had an average of 124 days on market in Apr 2024, up by 6.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midtown / Edmondson are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Midtown / Edmondson; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
