Is Edmonds, WA 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, Edmonds has remained a Seller's Market.
Housing Prices in Edmonds, WA
How much do homes in Edmonds, WA cost?
Median Sold Price
$842,250
$461/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Edmonds was $842,250 in April 2024, down 0.9% from last year, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $467.5K | $449.9K | -3.7% |
2 Bedrooms | $600K | $619.3K | +3.2% |
3 Bedrooms | $850K | $772.4K | -9.1% |
4 Bedrooms | $1.1M | $984.2K | -11.6% |
5+ Bedrooms | $1.4M | $1.2M | -11.2% |
Summary: Edmonds housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
Lynnwood | $721.7K | $750.1K | +3.9% |
Mountlake Terrace | $626K | $639.5K | +2.2% |
Edmonds | $850K | $842.2K | -0.9% |
Shoreline | $799.1K | $789.9K | -1.1% |
Housing Supply in Edmonds, WA
How many homes are available in Edmonds, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
163 | 191 | +17.2% |
Summary: The Edmonds real estate market had 191 homes for sale in April 2024, a 17.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 43 | 43 | 0.0% |
3 Bedrooms | 39 | 54 | +38.5% |
4 Bedrooms | 50 | 58 | +16.0% |
5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The Edmonds housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 73 | +10.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in Edmonds in April 2024, up by 10.6% month-over-month. Of the 73 sold homes, 18% were sold under asking, 23% were sold at asking, and 59% were sold over asking.
Days on Market for Edmonds, WA
How long does it take to sell a home in Edmonds, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 14 Days | -63.9% |
Summary: Homes in Edmonds had an average of 14 days on market in Apr 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 73 homes were sold in Edmonds; 85% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.