Is Edgewater, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$629,000
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Edgewater have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Edgewater was $629,000 in May 2024, down 8.6% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $351.2K | N/A |
| 2 Bedrooms | $542K | $610K | +12.5% |
| 3 Bedrooms | $679K | $639K | -5.9% |
| 4 Bedrooms | $796K | $725K | -8.9% |
| 5+ Bedrooms | $717.5K | $1.4M | +108.4% |
Summary: Edgewater housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 108.4%.
Median Sold Price Compared To Nearby Cities
| Northeast Jefferson | $600.2K | $624.9K | +4.1% |
| Lakewood | $585K | $592.5K | +1.3% |
| Wheat Ridge | $675K | $668.7K | -0.9% |
| Denver | $649.9K | $623.6K | -4.0% |
| Edgewater | $688K | $629K | -8.6% |
Housing Supply in Edgewater, CO
How many homes are available in Edgewater, CO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Edgewater real estate market had 22 homes for sale in May 2024, a 4.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Edgewater housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewater, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Edgewater in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 11 Days | +106.3% |
Summary: Homes in Edgewater had an average of 11 days on market in May 2024, up by 106.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewater are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Edgewater; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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