Is Joppa, MD 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, Joppa has remained a Seller's Market.
Housing Prices in Joppa, MD
How much do homes in Joppa, MD cost?
Median Sold Price
$330,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Joppa was $330,000 in April 2024, up 5.6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $310K | N/A |
2 Bedrooms | $265K | $283.3K | +6.9% |
3 Bedrooms | $290K | $301.5K | +4.0% |
4 Bedrooms | $391.1K | $403.5K | +3.1% |
5+ Bedrooms | $440K | $428K | -2.7% |
Summary: Joppa 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 increased by 6.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Joppa | $312.5K | $330K | +5.6% |
Abingdon | $318.7K | $335.7K | +5.3% |
White Marsh | $542.4K | $544K | 0.3% |
Edgewood | $245K | $237K | -3.2% |
Kingsville | $615K | $537.5K | -12.6% |
Housing Supply in Joppa, MD
How many homes are available in Joppa, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 67 | +13.6% |
Summary: The Joppa real estate market had 67 homes for sale in April 2024, a 13.6% increase 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 | 11 | 11 | 0.0% |
3 Bedrooms | 23 | 24 | +4.3% |
4 Bedrooms | 22 | 27 | +22.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Joppa 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 remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Joppa in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% were sold over asking.
Days on Market for Joppa, MD
How long does it take to sell a home in Joppa, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 20 Days | -16.8% |
Summary: Homes in Joppa had an average of 20 days on market in Apr 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Joppa; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.