Is Edgewood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Edgewood has remained a Seller's Market.
Housing Prices in Edgewood, WA
How much do homes in Edgewood, WA cost?
Median Sold Price
$729,500
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Edgewood was $729,500 in June 2024, up 9.3% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $452.5K | $455K | +0.6% |
3 Bedrooms | $605.7K | $645K | +6.5% |
4 Bedrooms | $735K | $935K | +27.2% |
5+ Bedrooms | $900K | $849.9K | -5.6% |
Summary: Edgewood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Milton | $527K | $590K | +12.0% |
Edgewood | $667.5K | $729.5K | +9.3% |
Federal Way-Auburn | $540K | $565.4K | +4.7% |
Sumner | $540K | $530K | -1.9% |
Pacific | $525K | $505K | -3.8% |
Housing Supply in Edgewood, WA
How many homes are available in Edgewood, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
42 | 46 | +9.5% |
Summary: The Edgewood real estate market had 46 homes for sale in June 2024, a 9.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Edgewood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Edgewood in June 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Edgewood, WA
How long does it take to sell a home in Edgewood, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
32 Days | 33 Days | +1.8% |
Summary: Homes in Edgewood had an average of 33 days on market in Jun 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 8 homes were sold in Edgewood; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.