Is Mount Joy, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Joy has remained a Seller's Market.
Key Takeaway
Mount Joy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Joy, PA
How much do homes in Mount Joy, PA cost?
Median Sold Price
$340,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Joy have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Mount Joy was $340,000 in April 2024, up 12.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.4K | $101K | -26.0% |
| 2 Bedrooms | $290K | $320K | +10.3% |
| 3 Bedrooms | $294K | $310K | +5.4% |
| 4 Bedrooms | $425K | $414.9K | -2.4% |
| 5+ Bedrooms | $285K | $412.5K | +44.7% |
Summary: Mount Joy housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 44.7%.
Median Sold Price Compared To Nearby Cities
| Mount Joy Township | $300K | $338.2K | +12.8% |
| Mount Joy | $302.5K | $340K | +12.4% |
| East Donegal Township | $309.9K | $323.3K | +4.3% |
Housing Supply in Mount Joy, PA
How many homes are available in Mount Joy, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 49 | +8.9% |
Summary: The Mount Joy real estate market had 49 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Joy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Joy, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Mount Joy in April 2024, up by 45.5% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Mount Joy, PA
How long does it take to sell a home in Mount Joy, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 19 Days | +0.6% |
Summary: Homes in Mount Joy had an average of 19 days on market in Apr 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Joy are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Mount Joy; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
