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| JUNE 2025 | |||
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| Zip Code(s): 21040 | |||
| Units Sold 19 |
Active Inventory 33 |
Median Sale Price $322,000 |
Days On Market 26 |
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| Down -17% Vs. Year Ago |
Down -31% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 19 sold this month in Edgewood Real Estate versus 20 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 17% versus June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 15 units or 31%. The total number of active inventory this June was 33 compared to 48 in June 2024. This month's total of 33 is higher than the previous month's total supply of available inventory of 30, an increase of 10%. |
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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 June, the median sale price for Edgewood Homes was $235,000. This June, the median sale price was $322,000, an increase of $87,000 compared to last year. The current median sold price is higher than in May. 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 26 |
Current Contracts 18 |
Sold Vs. List Price 99.5% |
Months of Supply 1.7 |
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| Down -19% Vs. Year Ago |
Up 6% Vs. Year Ago |
Down -3.7% Vs. Year Ago |
Down -17% Vs. Year Ago |
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Months of Supply
In June, there was 1.7 months of supply available in Edgewood, compared to 2.1 in June 2024. That is a decrease of 17% 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 26 homes newly listed for sale in Edgewood compared to 32 in June 2024, a decrease of 19%. There were 18 current contracts pending sale this June compared to 17 a year ago. The number of current contracts is 6% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Edgewood was 99.5% of the average list price, which is 3.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 26, higher than the average last year, which was 13. This increase was impacted by the limited number of sales. | |||
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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. |
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