Is Mount Joy Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mount Joy Township has remained a Seller's Market.
Key Takeaway
Mount Joy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Joy Township, PA
How much do homes in Mount Joy Township, PA cost?
Median Sold Price
$335,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Joy Township have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Mount Joy Township was $335,000 in March 2024, up 9.8% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $103K | N/A |
| 2 Bedrooms | $285K | $320K | +12.3% |
| 3 Bedrooms | $275K | $300K | +9.1% |
| 4 Bedrooms | $425K | $412.4K | -3.0% |
| 5+ Bedrooms | $445K | $420K | -5.6% |
Summary: Mount Joy Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Mount Joy Township | $305K | $335K | +9.8% |
| Elizabethtown | $279.9K | $305.5K | +9.1% |
| Rapho Township | $346K | $377K | +9.0% |
| South Londonderry Township | $355K | $387K | +9.0% |
Housing Supply in Mount Joy Township, PA
How many homes are available in Mount Joy Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 72 | +14.3% |
Summary: The Mount Joy Township real estate market had 72 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Mount Joy Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Joy Township, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Mount Joy Township in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 35% were sold under asking, 41% were sold at asking, and 24% were sold over asking.
Days on Market for Mount Joy Township, PA
How long does it take to sell a home in Mount Joy Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 8 Days | -66.9% |
Summary: Homes in Mount Joy Township had an average of 8 days on market in Mar 2024, down by 66.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Joy Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Mount Joy Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
