Is Edgewood, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Edgewood has remained a Seller's Market.
Housing Prices in Edgewood, NM
How much do homes in Edgewood, NM cost?
Median Sold Price
$419,300
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Edgewood was $419,300 in April 2024, up 4.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $141.4K | N/A |
2 Bedrooms | $260K | $320K | +23.1% |
3 Bedrooms | $377.5K | $370K | -2.0% |
4 Bedrooms | $473K | $476K | +0.6% |
5+ Bedrooms | $1.2M | $567.5K | -54.8% |
Summary: Edgewood 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 23.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 54.8%.
Median Sold Price Compared To Nearby Cities
East Bernalillo | $420.9K | $452.5K | +7.5% |
Edgewood | $400K | $419.3K | +4.8% |
Sandia Park | $550K | $539.5K | -1.9% |
Housing Supply in Edgewood, NM
How many homes are available in Edgewood, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 53 | +10.4% |
Summary: The Edgewood real estate market had 53 homes for sale in April 2024, a 10.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Edgewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Edgewood in April 2024, up by 200.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Edgewood, NM
How long does it take to sell a home in Edgewood, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 25 Days | +52.4% |
Summary: Homes in Edgewood had an average of 25 days on market in Apr 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Edgewood; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.