$4,382 Closing Credit*
$369,000
2,068 SqFt
4 Beds
•2 Full Baths, 1 Partial
Lauren Marchitelli, Listing Office: Cummings & Co Realtors
Is Joppa, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 9.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | - | N/A |
| 2 Bedrooms | $273.7K | $279.9K | +2.2% |
| 3 Bedrooms | $300.1K | $330K | +10.0% |
| 4 Bedrooms | $403.5K | $399.9K | -0.9% |
| 5+ Bedrooms | $425K | $450K | +5.9% |
Summary: Joppa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Edgewood | $236.5K | $260K | +9.9% |
| Joppa | $320.5K | $352K | +9.8% |
| Kingsville | $582.5K | $612.5K | +5.2% |
| Abingdon | $329.8K | $345K | +4.6% |
| White Marsh | $545K | $427.5K | -21.6% |
Housing Supply in Joppa, MD
How many homes are available in Joppa, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 77 | +18.5% |
Summary: The Joppa real estate market had 77 homes for sale in October 2024, a 18.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 29 | 36 | +24.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Joppa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Joppa, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Joppa in October 2024, up by 27.8% month-over-month. Of the 23 sold homes, 26% were sold under asking, 39% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 25 Days | +104.4% |
Summary: Homes in Joppa had an average of 25 days on market in Oct 2024, up by 104.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 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 October 2024, 23 homes were sold in Joppa; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
