Is Mechanicsville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mechanicsville has remained a Seller's Market.
Housing Prices in Mechanicsville, GA
How much do homes in Mechanicsville, GA cost?
Median Sold Price
$286,950
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mechanicsville was $286,950 in April 2024, up 38% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $150K | -3.2% |
2 Bedrooms | $210K | $245K | +16.7% |
3 Bedrooms | $271.5K | $291.9K | +7.5% |
4 Bedrooms | $590K | $487.5K | -17.4% |
5+ Bedrooms | - | $525K | N/A |
Summary: Mechanicsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Mechanicsville | $208K | $286.9K | +38.0% |
Summerhill | $530K | $640K | +20.8% |
Pittsburgh | $273K | $325.5K | +19.3% |
Castleberry Hill | $307K | $292.5K | -4.7% |
Housing Supply in Mechanicsville, GA
How many homes are available in Mechanicsville, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The Mechanicsville real estate market had 26 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mechanicsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Mechanicsville in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Mechanicsville, GA
How long does it take to sell a home in Mechanicsville, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 11 Days | -39.2% |
Summary: Homes in Mechanicsville had an average of 11 days on market in Apr 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Mechanicsville; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.