Is Edgewood, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Edgewood was a Seller's Market.
Housing Prices in Edgewood, PA
How much do homes in Edgewood, PA cost?
Median Sold Price
$350,225
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Edgewood was $350,225 in April 2024, up 13% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $296K | $213.7K | -27.8% |
3 Bedrooms | $275K | $288.6K | +5.0% |
4 Bedrooms | $355K | $404K | +13.8% |
5+ Bedrooms | $485K | $473.5K | -2.4% |
Summary: Edgewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Edgewood | $310K | $350.2K | +13.0% |
Wilkinsburg | $126.2K | $134K | +6.1% |
Swissvale | $157.5K | $165K | +4.8% |
Housing Supply in Edgewood, PA
How many homes are available in Edgewood, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 25 | -7.4% |
Summary: The Edgewood real estate market had 25 homes for sale in April 2024, a 7.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 10 | 7 | -30.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Edgewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Edgewood in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Edgewood, PA
How long does it take to sell a home in Edgewood, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 93 Days | +83.3% |
Summary: Homes in Edgewood had an average of 93 days on market in Apr 2024, up by 83.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Edgewood; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.