Why Live in Edgewood
Edgewood, a neighborhood in Indianapolis, is characterized by its mature trees and diverse architectural styles, with homes built between the 1920s and 1960s. Residents will find a mix of bungalows, Cape Cods, ranches, split levels, foursquares, and Prairie-inspired designs. The area is part of Perry Township, known for its affordability compared to other parts of the city. Schools in Edgewood include Homecroft Elementary, Southport 6th Grade Academy, Southport Middle School, and Southport High School, all of which have high ratings. Roncalli High School, a top-rated institution, is also located here. Edgewood features a variety of local stores and restaurants, such as Chingitti Halal Market, YP African Market, El Sabor Mexican & Chinese Food, Flap-Jacks Pancake House, and Kim’s Kakery, Bakery and Cafe. The neighborhood is well-connected, with Madison Avenue providing a six-mile drive to downtown Indianapolis and bus routes and bike lanes available along this street. Interstate 465 and I-65 form the northern and eastern boundaries, respectively. The Burmese American Community Institute supports the significant Burmese population in the area. While Edgewood lacks parks, nearby options include Southport Park, Southside Park, and Tollin-Akeman Park. The neighborhood has a lower crime risk compared to the national average. However, potential flood risks exist due to the presence of multiple creeks, and noise from I-465 can be an issue in the northern part of the neighborhood.
Home Trends in Edgewood, IN
On average, homes in Edgewood, Indianapolis sell after 31 days on the market compared to the national average of 52 days. The median sale price for homes in Edgewood, Indianapolis over the last 12 months is $227,357, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$227,357
Median Single Family Sale Price
$233,250
Median Townhouse Sale Price
$100,000
Median 2 Bedroom Sale Price
$114,500
Median 1 Bedroom Sale Price
$108,000
Average Price Per Sq Ft
$157
Number of Homes for Sale
11
Last 12 months Home Sales
89
Median List Price
$239,950
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
1%