The Long & Foster Market Minute

Focus On: Edgewater Housing Market September 2021

Zip Code(s): 21037 and 21140
Units Sold
64
Active Inventory
57
Median Sale Price
$499,950
Days On Market
34
Up 21%
Vs. Year Ago
Down -29%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 64 sold this month in Edgewater Real Estate versus 53 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 21% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 29%. The total number of active inventory this September was 57 compared to 80 in September 2020. This month's total of 57 is lower than the previous month's total supply of available inventory of 78, a decrease of 27%.

Median Sale Price
Last September, the median sale price for Edgewater Homes was $510,000. This September, the median sale price was $499,950, a decrease of 2% or $10,050 compared to last year. The current median sold price is 9% higher than in August.

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


New Listings
50
Current Contracts
59
Sold Vs. List Price
99.5%
Months of Supply
0.9
Down -18%
Vs. Year Ago
Up 18%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -41%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Edgewater, compared to 1.5 in September 2020. That is a decrease of 41% 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 50 homes newly listed for sale in Edgewater compared to 61 in September 2020, a decrease of 18%. There were 59 current contracts pending sale this September compared to 50 a year ago. The number of current contracts remained stable as compared to last September.

Sale Price to List Price Ratio
In September, the average sale price in Edgewater was 99.5% of the average list price, which is 1.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 34, which is similar compared to a year ago.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.