Is Edgewater, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgewater is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Edgewater has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Edgewater, CO

How much do homes in Edgewater, CO cost?

Median Sold Price

$620,000

$525/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$95,000(-13.3%)

Key Takeaway

Homes in Edgewater have sold for 13.3% less than they did a year ago.

Summary: The median home sold price in Edgewater was $620,000 in April 2024, down 13.3% from last year, and the median price per square foot was $525.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$351.2K
N/A
2 $557.9K$581K
+4.1%
3 $691K$623.5K
-9.8%
4 $851K$595K
-30.1%
5+ $717.5K$1.4M
+108.4%

Summary: Edgewater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 30.1%, and 5+ bedroom homes increased by 108.4%.

Median Sold Price Compared To Nearby Cities

Northeast Jefferson
+2.5%
Lakewood
+2.1%
Wheat Ridge
-1.4%
Denver
-3.4%
Edgewater
-13.3%

Housing Supply in Edgewater, CO

How many homes are available in Edgewater, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
822+175.0%

Summary: The Edgewater real estate market had 22 homes for sale in April 2024, a 175.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 26
+200.0%
3 19
+800.0%
4 23
+50.0%
5+ 33
0.0%

Summary: The Edgewater housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 800%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
09+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewater, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Edgewater in April 2024, up by 100.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.

Days on Market for Edgewater, CO

How long does it take to sell a home in Edgewater, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
63 Days18 Days-70.6%

Summary: Homes in Edgewater had an average of 18 days on market in Apr 2024, down by 70.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 9 homes were sold in Edgewater; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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 1 Day Ago

Newest Listings in Edgewater, CO

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