Is Mechanicsburg Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mechanicsburg Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Mechanicsburg Township has remained a Seller's Market.

Key Takeaway

Mechanicsburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mechanicsburg Township, IL

How much do homes in Mechanicsburg Township, IL cost?

Median Sold Price

$162,450

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$2,550(-1.5%)

Key Takeaway

Homes in Mechanicsburg Township have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Mechanicsburg Township was $162,450 in March 2024, down 1.5% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $109K$104.9K
-3.8%
3 $151.2K$158K
+4.5%
4 $179K$227.5K
+27.1%
5+ $850K$333.7K
-60.7%

Summary: Mechanicsburg Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes decreased by 60.7%.

Housing Supply in Mechanicsburg Township, IL

How many homes are available in Mechanicsburg Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
63-50.0%

Summary: The Mechanicsburg Township real estate market had 3 homes for sale in March 2024, a 50.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 11
0.0%
4 31
-66.7%
5+ 11
0.0%

Summary: The Mechanicsburg Township housing inventory by bedroom type for March 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 decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mechanicsburg Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Mechanicsburg Township in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Mechanicsburg Township, IL

How long does it take to sell a home in Mechanicsburg Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
43 Days3 Days-93.0%

Summary: Homes in Mechanicsburg Township had an average of 3 days on market in Mar 2024, down by 93% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in Mechanicsburg Township; 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.

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

Report Updated 29 Days Ago

Newest Listings in Mechanicsburg Township, IL

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