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FOCUS ON: EDGEWATER HOUSING MARKET |
DECEMBER 2024 |
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Zip Code(s): 21037 and 21140 |
Units Sold
30 |
Active Inventory
39 |
Median Sale Price
$515,000 |
Days On Market
26 |
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Up
Vs. Year Ago |
Up 18%
Vs. Year Ago |
Up 2%
Vs. Year Ago |
Down -16%
Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in December, with 30 sold this month in Edgewater Real Estate. This month's total units sold was higher than at this time last year, an increase from December 2023.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 6 units or 18%. The total number of active inventory this December was 39 compared to 33 in December 2023. This month's total of 39 is lower than the previous month's total supply of available inventory of 51, a decrease of 24%.
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Median Sale Price
Last December, the median sale price for Edgewater Homes was $502,500. This December, the median sale price was approximately the same at $515,000. The current median sold price is 2% higher than in December 2023.
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
23 |
Sold Vs. List Price
99.3% |
Months of Supply
1.3 |
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Up 36%
Vs. Year Ago |
Up 28%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 10%
Vs. Year Ago |
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Months of Supply
In December, there was 1.3 months of supply available in Edgewater, compared to 1.2 in December 2023. That is an increase of 10% 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 14 in December 2023, an increase of 36%. There were 23 current contracts pending sale this December compared to 18 a year ago. The number of current contracts is 28% higher than last December.
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Sale Price to List Price Ratio
In December, the average sale price in Edgewater was 99.3% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 31, a decrease of 16%.
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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. |