$4,643 Closing Credit*
$390,990
1,962 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kathleen Cassidy, Listing Office: DRH Realty Capital, LLC.
Is Joppa, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$365,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+14.1%)
Key Takeaway
Homes in Joppa have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Joppa was $365,000 in November 2024, up 14.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | - | N/A |
| 2 Bedrooms | $278K | $280.8K | +1.0% |
| 3 Bedrooms | $302K | $339.6K | +12.5% |
| 4 Bedrooms | $390K | $402K | +3.1% |
| 5+ Bedrooms | $427.5K | $438K | +2.5% |
Summary: Joppa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Joppa | $320K | $365K | +14.1% |
| Edgewood | $233.5K | $261.5K | +12.0% |
| Kingsville | $600K | $612.5K | +2.1% |
| Abingdon | $335K | $338.5K | +1.0% |
Housing Supply in Joppa, MD
How many homes are available in Joppa, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 64 | -9.9% |
Summary: The Joppa real estate market had 64 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 34 | 30 | -11.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Joppa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Joppa, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Joppa in November 2024, down by 43.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +10.8% |
Summary: Homes in Joppa had an average of 22 days on market in Nov 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 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 November 2024, 13 homes were sold in Joppa; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
