Is Mount Joy, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Joy is a seller's market

Buyer's
Market

Difference Since August 2022

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

How much do homes in Mount Joy, PA cost?

Median Sold Price

$320,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$32,100(+11.1%)

Key Takeaway

Homes in Mount Joy have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Mount Joy was $320,000 in August 2023, up 11.1% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$118.7K
N/A
2 $217.7K$305K
+40.1%
3 $254.7K$300K
+17.8%
4 $437.5K$409.9K
-6.3%
5+ $479K$437.5K
-8.7%

Summary: Mount Joy housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.1%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Cities

Mount Joy Township
+19.7%
Mount Joy
+11.1%
East Donegal Township
+10.4%
Rapho Township
+7.4%

Housing Supply

How many homes are available in Mount Joy, PA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
7165-8.5%

Summary: The Mount Joy real estate market had 65 homes for sale in August 2023, a 8.5% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 02
+100.0%
2 812
+50.0%
3 3227
-15.6%
4 2316
-30.4%
5+ 88
0.0%

Summary: The Mount Joy housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
1924+26.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Joy, expect to pay close to the asking price. 45.8% of homes here sold near the asking price last month.

Summary: A total of 24 homes were sold or pending in Mount Joy in August 2023, up by 26.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 46% were sold at asking, and 21% were sold over asking.

Days on Market

How long does it take to sell a home in Mount Joy, PA?

Average Sale Time

Aug 2022Aug 2023CHANGE
6 Days23 Days+246.3%

Summary: Homes in Mount Joy had an average of 23 days on market in Aug 2023, up by 246.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Joy are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 24 homes were sold in Mount Joy; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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