Is Mount Joy Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Joy Township is a seller's market

Buyer's
Market

Difference Since October 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

$325,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,316(-1.3%)

Key Takeaway

Homes in Mount Joy Township have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Mount Joy Township was $325,000 in October 2024, down 1.3% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $118.7K$103K
-13.2%
2 $301K$327.5K
+8.8%
3 $310K$305K
-1.6%
4 $410K$429K
+4.6%
5+ $445K$470K
+5.6%

Summary: Mount Joy Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Cities

South Londonderry Township
+8.8%
Elizabethtown
+7.9%
Rapho Township
-0.9%
Mount Joy Township
-1.3%

Housing Supply in Mount Joy Township, PA

How many homes are available in Mount Joy Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7169-2.8%

Summary: The Mount Joy Township real estate market had 69 homes for sale in October 2024, a 2.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 79
+28.6%
3 4435
-20.5%
4 1721
+23.5%
5+ 33
0.0%

Summary: The Mount Joy Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Joy Township, expect to pay close to the asking price. 37% of homes here sold near the asking price last month.

Summary: A total of 27 homes were sold or pending in Mount Joy Township in October 2024, up by 12.5% month-over-month. Of the 27 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% 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

Oct 2023Oct 2024CHANGE
10 Days27 Days+169.2%

Summary: Homes in Mount Joy Township had an average of 27 days on market in Oct 2024, up by 169.2% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Joy Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in Mount Joy Township; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Mount Joy Township, PA

Nearby Markets to Mount Joy Township, PA

What housing markets are near Mount Joy Township, PA?