EDGEWOOD HOUSING MARKET DATA

There was an increase in total units sold in April, with 17 sold this month in Edgewood Real Estate versus 14 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 11% versus April 2024.

Versus last year, the total number of homes available this month is lower by 14 units or 36%. The total number of active inventory this April was 25 compared to 39 in April 2024. This month's total of 25 is lower than the previous month's total supply of available inventory of 38, a decrease of 34%.

Last April, the median sale price for Edgewood Homes was $260,000. This April, the median sale price was $278,000, an increase of 7% or $18,000 compared to last year. The current median sold price is 23% higher than in March.

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

In April, there was 1.5 months of supply available in Edgewood, compared to 2.1 in April 2024. That is a decrease of 28% 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 14 homes newly listed for sale in Edgewood compared to 31 in April 2024, a decrease of 55%. There were 22 current contracts pending sale this April compared to 24 a year ago. The number of current contracts is 8% lower than last April.

In April, the average sale price in Edgewood was 100.3% of the average list price, which is 0.8% higher than at this time last year.

This month, the average number of days on market was 21, higher than the average last year, which was 13. This increase was impacted by the limited number of sales.





FOCUS ON: EDGEWOOD HOUSING MARKET			APRIL 2025

Zip Code(s): 21040
Units Sold 17	Active Inventory 25	Median Sale Price $278,000	Days On Market 21

Down -11% Vs. Year Ago	Down -36% Vs. Year Ago	Up 7% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 17 sold this month in Edgewood Real Estate versus 14 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 11% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 14 units or 36%. The total number of active inventory this April was 25 compared to 39 in April 2024. This month's total of 25 is lower than the previous month's total supply of available inventory of 38, a decrease of 34%.
		Median Sale Price Last April, the median sale price for Edgewood Homes was $260,000. This April, the median sale price was $278,000, an increase of 7% or $18,000 compared to last year. The current median sold price is 23% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 14	Current Contracts 22	Sold Vs. List Price 100.3%	Months of Supply 1.5

Down -55% Vs. Year Ago	Down -8% Vs. Year Ago	Up 0.8% Vs. Year Ago	Down -28% Vs. Year Ago


		Months of Supply In April, there was 1.5 months of supply available in Edgewood, compared to 2.1 in April 2024. That is a decrease of 28% 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 14 homes newly listed for sale in Edgewood compared to 31 in April 2024, a decrease of 55%. There were 22 current contracts pending sale this April compared to 24 a year ago. The number of current contracts is 8% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Edgewood was 100.3% 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 21, higher than the average last year, which was 13. This increase was impacted by the limited number of sales.


	Edgewood are defined as properties listed in zip code/s 21040.
	*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.