Is Edgeworth, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgeworth is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Edgeworth was a Neutral Market.

Key Takeaway

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

Housing Prices in Edgeworth, PA

How much do homes in Edgeworth, PA cost?

Median Sold Price

$926,459

$371/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$341,459(+58.4%)

Key Takeaway

Homes in Edgeworth have sold for 58.4% more than they did a month ago.

Summary: The median home sold price in Edgeworth was $926,459 in May 2024, up 58.4% from last month, and the median price per square foot was $371.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $305K$247K
-19.0%
3 --
N/A
4 $865K$926.4K
+7.1%
5+ -$2.9M
N/A

Summary: Edgeworth housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.

Housing Supply in Edgeworth, PA

How many homes are available in Edgeworth, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1214+16.7%

Summary: The Edgeworth real estate market had 14 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 12
+100.0%
4 43
-25.0%
5+ 58
+60.0%

Summary: The Edgeworth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgeworth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Edgeworth in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Edgeworth, PA

How long does it take to sell a home in Edgeworth, PA?

Average Sale Time

Apr 2024May 2024CHANGE
1 Days110 Days+7233.3%

Summary: Homes in Edgeworth had an average of 110 days on market in May 2024, up by 7233.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Edgeworth are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 3 homes were sold in Edgeworth; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

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