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| MARCH 2025 | |||
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| Zip Code(s): 21037 and 21140 | |||
| Units Sold 22 |
Active Inventory 34 |
Median Sale Price $680,000 |
Days On Market 51 |
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| Down Vs. Year Ago |
Down -32% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 22 sold this month in Edgewater Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 16 units or 32%. The total number of active inventory this March was 34 compared to 50 in March 2024. This month's total of 34 is lower than the previous month's total supply of available inventory of 44, a decrease of 23%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Edgewater Homes was $550,000. This March, the median sale price was $680,000, an increase of $130,000 compared to last year. The current median sold price is higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 19 |
Current Contracts 26 |
Sold Vs. List Price 100.6% |
Months of Supply 1.5 |
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| Down -53% Vs. Year Ago |
Down -19% Vs. Year Ago |
Up 0.8% Vs. Year Ago |
Down -22% Vs. Year Ago |
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Months of Supply
In March, there was 1.5 months of supply available in Edgewater, compared to 2.0 in March 2024. That is a decrease of 23% 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. |
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New Listings & Current Contracts
This month there were 19 homes newly listed for sale in Edgewater compared to 40 in March 2024, a decrease of 53%. There were 26 current contracts pending sale this March compared to 32 a year ago. The number of current contracts is 19% lower than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Edgewater was 100.6% of the average list price, which is 0.8% higher than at this time last year. Days on Market
This month, the average number of days on market was 51, higher than the average last year, which was 26. This increase was impacted by the limited number of sales. | |||
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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. |
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