Is Edgewood, PA 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, Edgewood has remained a Seller's Market.
Key Takeaway
Edgewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edgewood, PA
How much do homes in Edgewood, PA cost?
Median Sold Price
$340,200
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Edgewood have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Edgewood was $340,200 in May 2024, up 1.6% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $296K | $213K | -28.0% |
| 3 Bedrooms | $275K | $288K | +4.7% |
| 4 Bedrooms | $380K | $393K | +3.4% |
| 5+ Bedrooms | $621K | $431.2K | -30.6% |
Summary: Edgewood 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 decreased by 28%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 30.6%.
Median Sold Price Compared To Nearby Cities
| Braddock Hills | $140.1K | $149K | +6.4% |
| Swissvale | $167K | $175K | +4.8% |
| Edgewood | $335K | $340.2K | +1.6% |
| Wilkinsburg | $136.9K | $133K | -2.8% |
Housing Supply in Edgewood, PA
How many homes are available in Edgewood, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Edgewood real estate market had 22 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Edgewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Edgewood in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Edgewood, PA
How long does it take to sell a home in Edgewood, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 43 Days | +16.7% |
Summary: Homes in Edgewood had an average of 43 days on market in May 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Edgewood has remained consistent over time.
Summary: During May 2024, 8 homes were sold in Edgewood; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
