Is Edgewood, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Edgewood was a Neutral Market.
Housing Prices in Edgewood, NM
How much do homes in Edgewood, NM cost?
Median Sold Price
$413,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Edgewood was $413,500 in March 2024, up 3.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $152.9K | N/A |
2 Bedrooms | $297.5K | $307.5K | +3.4% |
3 Bedrooms | $375K | $365K | -2.7% |
4 Bedrooms | $452K | $485K | +7.3% |
5+ Bedrooms | $1.2M | $567.5K | -54.8% |
Summary: Edgewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 54.8%.
Median Sold Price Compared To Nearby Cities
East Bernalillo | $415K | $444K | +7.0% |
Edgewood | $400K | $413.5K | +3.4% |
Sandia Park | $549.9K | $542.5K | -1.4% |
Housing Supply in Edgewood, NM
How many homes are available in Edgewood, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Summary: The Edgewood real estate market had 42 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 23 | 20 | -13.0% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Edgewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Edgewood in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for Edgewood, NM
How long does it take to sell a home in Edgewood, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 90 Days | +373.5% |
Summary: Homes in Edgewood had an average of 90 days on market in Mar 2024, up by 373.5% compared to last year.
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
Summary: During March 2024, 4 homes were sold in Edgewood; 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.