$4,156 Closing Credit*
$350,000
1,664 SqFt
3 Beds
•2 Full Baths
Nicole Barbour Biggs, Listing Office: Compass Home Group, LLC
Is Joppa, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Joppa has remained a Seller's Market.
Key Takeaway
Joppa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Joppa, MD
How much do homes in Joppa, MD cost?
Median Sold Price
$352,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$31,500(+9.8%)
Key Takeaway
Homes in Joppa have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Joppa was $352,000 in September 2024, up 9.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | - | N/A |
| 2 Bedrooms | $273.7K | $281.7K | +2.9% |
| 3 Bedrooms | $300.1K | $322.5K | +7.5% |
| 4 Bedrooms | $395.7K | $413.7K | +4.6% |
| 5+ Bedrooms | $430K | $421.2K | -2.0% |
Summary: Joppa housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2%.
Housing Supply in Joppa, MD
How many homes are available in Joppa, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 67 | 68 | +1.5% |
Summary: The Joppa real estate market had 68 homes for sale in September 2024, a 1.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 32 | 27 | -15.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Joppa housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Joppa, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Joppa in September 2024, down by 12.5% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 6 Days | 26 Days | +299.6% |
Summary: Homes in Joppa had an average of 26 days on market in Sep 2024, up by 299.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Joppa are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 14 homes were sold in Joppa; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
