Is Mount Joy, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $118.7K | N/A |
| 2 Bedrooms | $217.7K | $305K | +40.1% |
| 3 Bedrooms | $254.7K | $300K | +17.8% |
| 4 Bedrooms | $437.5K | $409.9K | -6.3% |
| 5+ Bedrooms | $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 | $271.5K | $324.9K | +19.7% |
| Mount Joy | $287.9K | $320K | +11.1% |
| East Donegal Township | $276.5K | $305.2K | +10.4% |
| Rapho Township | $342.7K | $368.2K | +7.4% |
Housing Supply
How many homes are available in Mount Joy, PA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 71 | 65 | -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
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 32 | 27 | -15.6% |
| 4 Bedrooms | 23 | 16 | -30.4% |
| 5+ Bedrooms | 8 | 8 | 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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 19 | 24 | +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
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 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 6 Days | 23 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
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.
