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Featured local agent — Edgewood, NM
Sarah Mitchell
Compass Real Estate · Edgewood, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Edgewood, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$382,000median sale price
How is the Edgewood, NM housing market right now?
The median home sale price in Edgewood, NM is $382,000, down 10.6% year-over-year. Homes sell in an average of 23 days with 21 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Edgewood a buyer's or seller's market?
Edgewood, NM is currently a balanced market, based on 3.5 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
23
Average pace
Active listings
21
3.5 months supply
Sale-to-list
99.4%
Below asking
What does the Edgewood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $382,000 |
| Median list price | $475,000 |
| Year-over-year price change | -10.6% |
| Average days on market | 23 days |
| Active inventory | 21 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $225/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 9 |
| Listings with a price cut | 23.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Edgewood by property type?
How the Edgewood, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $382,000 | $225/sq ft | 6 | 23 days |
Source: Redfin · Updated monthly
The Edgewood housing market is currently classified as a balanced market with a median sale price of $382,000. Prices have fallen 10.6% compared to last year, with homes spending an average of 23 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Edgewood
There are currently 21 homes listed for sale in Edgewood, New Mexico. The median listing price is $475K.
Active listings
21
Homes on market
Median list price
$475K
Avg. days on market
23
Days until sale
New this week
9
Newly listed
Who lives in Edgewood?
Population
6,122
Median income
$81,227/yr
Median age
38.9 years
Owner-occupied
91.5%
College grads
38.9%
Avg commute
35.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Edgewood?
Zillow home value
$390,517
Zillow rent index
$2,200/mo
Price-to-rent ratio
14.8x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Edgewood?
Edgewood is a community of approximately 6K residents with a median age of 38.9 years.The median household income is $81,227, which reflects a relatively affluent area with strong earning potential. 38.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Edgewood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Edgewood?
2 schools tracked · 2,034 students
The largest public schools serving Edgewood, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PECOS CYBER ACADEMY
Grades K-12 · 1,431 students
ESTANCIA VALLEY CLASSICAL ACADEMY
Grades K-12 · 603 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Edgewood, NM?
Want a head-to-head view? Compare Edgewood side-by-side with any other U.S. city using our market-comparison tool.
Is Edgewood a good real estate investment market?
For investors evaluating Edgewood, the price-to-rent ratio of 14.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 10.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Edgewood's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Edgewood's median home price.
Frequently asked questions
What is the average home price in Edgewood?
The median home sale price in Edgewood is $382,000, down 10.6% from last year.
How long do homes stay on market in Edgewood?
Homes typically spend 23 days on market before going under contract.
What is the median income in Edgewood?
The median household income is $81,227 per year.
Is Edgewood a buyer's or seller's market?
With 3.5 months of supply, Edgewood is currently a balanced market.
What is the Zillow home value estimate for Edgewood?
The Zillow Home Value Index (ZHVI) for Edgewood is $390,517, representing the typical home value in the area.
How much does a single-family home cost in Edgewood?
The median single-family home price in Edgewood, NM is $382,000 (about $225 per square foot).
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