EDGEWATER HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in May, with 31 sold this month in Edgewater Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.

Versus last year, the total number of homes available this month is lower by 3 units or 5%. The total number of active inventory this May was 58 compared to 61 in May 2024. This month's total of 58 is lower than the previous month's total supply of available inventory of 64, a decrease of 9%.

Last May, the median sale price for Edgewater Homes was $580,000. This May, the median sale price was approximately the same at $549,000. The current median sold price is 5% lower than in May 2024.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.9 months of supply available in Edgewater, compared to 1.4 in May 2024. That is an increase of 32% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 45 homes newly listed for sale in Edgewater compared to 42 in May 2024, an increase of 7%. There were 40 current contracts pending sale this May compared to 38 a year ago. The number of current contracts is 5% higher than last May.

In May, the average sale price in Edgewater was 97.5% of the average list price, which is 2.5% lower than at this time last year.

This month, the average number of days on market was 11, lower than the average last year, which was 18, a decrease of 39%.





FOCUS ON: EDGEWATER HOUSING MARKET			MAY 2025

Zip Code(s): 21037 and 21140
Units Sold 31	Active Inventory 58	Median Sale Price $549,000	Days On Market 11

Down Vs. Year Ago	Down -5% Vs. Year Ago	Down -5% Vs. Year Ago	Down -39% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in May, with 31 sold this month in Edgewater Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 5%. The total number of active inventory this May was 58 compared to 61 in May 2024. This month's total of 58 is lower than the previous month's total supply of available inventory of 64, a decrease of 9%.
		Median Sale Price Last May, the median sale price for Edgewater Homes was $580,000. This May, the median sale price was approximately the same at $549,000. The current median sold price is 5% lower than in May 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 45	Current Contracts 40	Sold Vs. List Price 97.5%	Months of Supply 1.9

Up 7% Vs. Year Ago	Up 5% Vs. Year Ago	Down -2.5% Vs. Year Ago	Up 32% Vs. Year Ago


		Months of Supply In May, there was 1.9 months of supply available in Edgewater, compared to 1.4 in May 2024. That is an increase of 32% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 45 homes newly listed for sale in Edgewater compared to 42 in May 2024, an increase of 7%. There were 40 current contracts pending sale this May compared to 38 a year ago. The number of current contracts is 5% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Edgewater was 97.5% of the average list price, which is 2.5% lower than at this time last year. Days on Market This month, the average number of days on market was 11, lower than the average last year, which was 18, a decrease of 39%.


	Edgewater are defined as properties listed in zip code/s 21037 and 21140.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.