Is Mount Joy, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mount Joy was a Seller's Market.
Key Takeaway
Mount Joy is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mount Joy, PA
How much do homes in Mount Joy, PA cost?
Median Sold Price
$345,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mount Joy have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Mount Joy was $345,000 in May 2024, up 16.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.2K | $101K | -38.1% |
| 2 Bedrooms | $285K | $325K | +14.0% |
| 3 Bedrooms | $283.5K | $313K | +10.4% |
| 4 Bedrooms | $436.1K | $414.9K | -4.9% |
| 5+ Bedrooms | $319.7K | $412.5K | +29.0% |
Summary: Mount Joy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.1%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Cities
| Mount Joy | $295K | $345K | +16.9% |
| Mount Joy Township | $300K | $340K | +13.3% |
| Rapho Township | $352.5K | $378.4K | +7.4% |
| East Donegal Township | $310K | $323.3K | +4.3% |
Housing Supply in Mount Joy, PA
How many homes are available in Mount Joy, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 46 | -11.5% |
Summary: The Mount Joy real estate market had 46 homes for sale in May 2024, a 11.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 31 | 21 | -32.3% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mount Joy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 32.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Joy, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Joy in May 2024, down by 56.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 71% were sold at asking, and 14% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 104 Days | +1425.0% |
Summary: Homes in Mount Joy had an average of 104 days on market in May 2024, up by 1425% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 May 2024, 7 homes were sold in Mount Joy; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
