Is Edgewood, PA 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.
Key Takeaway
Edgewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edgewood, PA
How much do homes in Edgewood, PA cost?
Median Sold Price
$350,450
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Edgewood have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Edgewood was $350,450 in March 2024, up 8.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $218.2K | -30.7% |
| 3 Bedrooms | $280K | $271.5K | -3.0% |
| 4 Bedrooms | $345K | $404K | +17.1% |
| 5+ Bedrooms | $485K | $558.2K | +15.1% |
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 decreased by 30.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Edgewood | $324K | $350.4K | +8.2% |
| Wilkinsburg | $125K | $135K | +8.0% |
| Swissvale | $157.5K | $158.9K | +0.9% |
Housing Supply in Edgewood, PA
How many homes are available in Edgewood, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Edgewood real estate market had 26 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Edgewood in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Edgewood, PA
How long does it take to sell a home in Edgewood, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 157 Days | 73 Days | -53.6% |
Summary: Homes in Edgewood had an average of 73 days on market in Mar 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Edgewood has remained consistent over time.
Summary: During March 2024, 7 homes were sold in Edgewood; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
