Is Edgewood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Edgewood was a Seller's Market.
Housing Prices in Edgewood, WA
How much do homes in Edgewood, WA cost?
Median Sold Price
$712,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Edgewood was $712,500 in March 2024, up 9.3% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | - | N/A |
2 Bedrooms | $412.5K | $432.5K | +4.8% |
3 Bedrooms | $604.5K | $615K | +1.7% |
4 Bedrooms | $741.8K | $887.5K | +19.6% |
5+ Bedrooms | $875K | $999.9K | +14.3% |
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 increased by 4.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
Milton | $525K | $600K | +14.3% |
Edgewood | $652.1K | $712.5K | +9.3% |
Pacific | $525K | $531.5K | +1.2% |
Federal Way-Auburn | $550K | $555.5K | +1.0% |
Sumner | $550K | $520K | -5.5% |
Housing Supply in Edgewood, WA
How many homes are available in Edgewood, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 49 | +36.1% |
Summary: The Edgewood real estate market had 49 homes for sale in March 2024, a 36.1% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
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 remained the same, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Edgewood in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 12 Days | -81.6% |
Summary: Homes in Edgewood had an average of 12 days on market in Mar 2024, down by 81.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Edgewood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.