Is Edgewood, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgewood is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Edgewood was a Seller's Market.

Key Takeaway

Edgewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Edgewood, WA cost?

Median Sold Price

$686,267

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$75,767(+12.4%)

Key Takeaway

Homes in Edgewood have sold for 12.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $257.5K$295K
+14.6%
2 $400K$477.5K
+19.4%
3 $571K$607.5K
+6.4%
4 $674.9K$739.9K
+9.6%
5+ $719.9K$858.3K
+19.2%

Median Sold Price Compared To Nearby Cities

Fife
+20.5%
Sumner
+17.9%
Edgewood
+12.4%
Milton
+10.4%
Pacific
+8.8%

How many homes are available in Edgewood, WA?

Number of Homes For Sale

Aug 2022Sep 2022%
7769-10.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 23
+50.0%
3 4034
-15.0%
4 2626
0.0%
5+ 96
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
268-69.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewood, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
19 Days11 Days-44.7%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Edgewood are selling fast, if you're buying plan to act quickly.

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

About Edgewood, WA

Number of homes for sale in Edgewood, WA real estate market have reached 69. Between August 2022 and September 2022, Edgewood, WA real estate market has seen decrease in the number of listings by 10.4%. While the average time on the market in September 2022 was 11 days, the median list price was $686,267. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 14.6%, prices of 2 bedrooms properties went up by 19.4%, 3 bedrooms properties became 6.4% more expensive, prices of 4 bedrooms properties increased by 9.6%, the cost of 5 bedrooms properties went up by 19.2%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 50%, number of 3 bedrooms homes decreased by 15%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes became 33.3% less available. Over 3 listings were sold over their listed price in September 2022 in Edgewood, WA. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price.

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