Is Edinburg, VA 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, Edinburg has remained a Buyer's Market.
Key Takeaway
Edinburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Edinburg, VA
How much do homes in Edinburg, VA cost?
Median Sold Price
$295,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Edinburg have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Edinburg was $295,000 in March 2024, up 10.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161K | $118K | -26.7% |
| 2 Bedrooms | $236.2K | $177K | -25.1% |
| 3 Bedrooms | $260K | $303K | +16.5% |
| 4 Bedrooms | $352K | $350K | -0.6% |
| 5+ Bedrooms | - | $658.5K | N/A |
Summary: Edinburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes decreased by 25.1%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes did not change.
Housing Supply in Edinburg, VA
How many homes are available in Edinburg, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Edinburg real estate market had 36 homes for sale in March 2024, a 12.5% 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 | 8 | 10 | +25.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Edinburg 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edinburg, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Edinburg in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Edinburg, VA
How long does it take to sell a home in Edinburg, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +12.5% |
Summary: Homes in Edinburg had an average of 21 days on market in Mar 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edinburg are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Edinburg; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
