EDGEWOOD HOUSING MARKET DATA

There was an increase in total units sold in May, with 19 sold this month in Edgewood Real Estate versus 17 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 32% versus May 2024.

Versus last year, the total number of homes available this month is lower by 14 units or 37%. The total number of active inventory this May was 24 compared to 38 in May 2024. This month's total of 24 is lower than the previous month's total supply of available inventory of 35, a decrease of 31%.

Last May, the median sale price for Edgewood Homes was $272,500. This May, the median sale price was $310,000, an increase of 14% or $37,500 compared to last year. The current median sold price is 12% higher than in April.

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

In May, there was 1.3 months of supply available in Edgewood. The amount of supply is similar compared to 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 23 homes newly listed for sale in Edgewood compared to 29 in May 2024, a decrease of 21%. There were 19 current contracts pending sale this May compared to 23 a year ago. The number of current contracts is 17% lower than last May.

In May, the average sale price in Edgewood was 100.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 19, lower than the average last year, which was 43. This decrease was impacted by the limited number of sales.





FOCUS ON: EDGEWOOD HOUSING MARKET			MAY 2025

Zip Code(s): 21040
Units Sold 19	Active Inventory 24	Median Sale Price $310,000	Days On Market 19

Down -32% Vs. Year Ago	Down -37% Vs. Year Ago	Up 14% Vs. Year Ago	Down Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 19 sold this month in Edgewood Real Estate versus 17 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 32% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 14 units or 37%. The total number of active inventory this May was 24 compared to 38 in May 2024. This month's total of 24 is lower than the previous month's total supply of available inventory of 35, a decrease of 31%.
		Median Sale Price Last May, the median sale price for Edgewood Homes was $272,500. This May, the median sale price was $310,000, an increase of 14% or $37,500 compared to last year. The current median sold price is 12% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 23	Current Contracts 19	Sold Vs. List Price 100.8%	Months of Supply 1.3

Down -21% Vs. Year Ago	Down -17% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.3 months of supply available in Edgewood. The amount of supply is similar compared to 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 23 homes newly listed for sale in Edgewood compared to 29 in May 2024, a decrease of 21%. There were 19 current contracts pending sale this May compared to 23 a year ago. The number of current contracts is 17% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Edgewood was 100.8% 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 19, lower than the average last year, which was 43. This decrease 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.