Is Mechanicsburg, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mechanicsburg has remained a Seller's Market.
Key Takeaway
Mechanicsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mechanicsburg, OH
How much do homes in Mechanicsburg, OH cost?
Median Sold Price
$266,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mechanicsburg have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Mechanicsburg was $266,000 in May 2024, up 16.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182K | $149K | -18.1% |
| 3 Bedrooms | $200.9K | $270K | +34.4% |
| 4 Bedrooms | $298.5K | $266K | -10.9% |
| 5+ Bedrooms | $365.4K | $360K | -1.5% |
Summary: Mechanicsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.1%, 3 bedroom homes increased by 34.4%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Mechanicsburg | $228.5K | $266K | +16.4% |
| Goshen Township | $225K | $260K | +15.6% |
Housing Supply in Mechanicsburg, OH
How many homes are available in Mechanicsburg, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Mechanicsburg real estate market had 13 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Mechanicsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mechanicsburg, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mechanicsburg in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mechanicsburg, OH
How long does it take to sell a home in Mechanicsburg, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 4 Days | -81.6% |
Summary: Homes in Mechanicsburg had an average of 4 days on market in May 2024, down by 81.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mechanicsburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Mechanicsburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved