EDGEWOOD HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in March, with 12 sold this month in Edgewood Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.

Versus last year, the total number of homes available this month is lower by 7 units or 18%. The total number of active inventory this March was 31 compared to 38 in March 2024. This month's total of 31 is higher than the previous month's total supply of available inventory of 29, an increase of 7%.

Last March, the median sale price for Edgewood Homes was $261,450. This March, the median sale price was $201,450, a decrease of 23% or $60,000 compared to last year. The current median sold price is 3% lower 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.

In March, there was 2.6 months of supply available in Edgewood, compared to 1.7 in March 2024. That is an increase of 50% 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 22 homes newly listed for sale in Edgewood compared to 33 in March 2024, a decrease of 33%. There were 17 current contracts pending sale this March compared to 22 a year ago. The number of current contracts is 23% lower than last March.

In March, the average sale price in Edgewood was 100.1% of the average list price, which is 2.4% higher than at this time last year.

This month, the average number of days on market was 37, higher than the average last year, which was 23. This increase was impacted by the limited number of sales.





FOCUS ON: EDGEWOOD HOUSING MARKET			MARCH 2025

Zip Code(s): 21040
Units Sold 12	Active Inventory 31	Median Sale Price $201,450	Days On Market 37

Down Vs. Year Ago	Down -18% Vs. Year Ago	Down -23% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in March, with 12 sold this month in Edgewood Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 18%. The total number of active inventory this March was 31 compared to 38 in March 2024. This month's total of 31 is higher than the previous month's total supply of available inventory of 29, an increase of 7%.
		Median Sale Price Last March, the median sale price for Edgewood Homes was $261,450. This March, the median sale price was $201,450, a decrease of 23% or $60,000 compared to last year. The current median sold price is 3% lower 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.



New Listings 22	Current Contracts 17	Sold Vs. List Price 100.1%	Months of Supply 2.6

Down -33% Vs. Year Ago	Down -23% Vs. Year Ago	Up 2.5% Vs. Year Ago	Up 49% Vs. Year Ago


		Months of Supply In March, there was 2.6 months of supply available in Edgewood, compared to 1.7 in March 2024. That is an increase of 50% 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 22 homes newly listed for sale in Edgewood compared to 33 in March 2024, a decrease of 33%. There were 17 current contracts pending sale this March compared to 22 a year ago. The number of current contracts is 23% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Edgewood was 100.1% of the average list price, which is 2.4% higher than at this time last year. Days on Market This month, the average number of days on market was 37, higher than the average last year, which was 23. 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.