Is Mechanicsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mechanicsville was a Seller's Market.
Housing Prices in Mechanicsville, MD
How much do homes in Mechanicsville, MD cost?
Median Sold Price
$390,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mechanicsville was $390,000 in March 2024, up 4.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $285K | +18.8% |
3 Bedrooms | $350K | $355K | +1.4% |
4 Bedrooms | $400K | $410K | +2.5% |
5+ Bedrooms | $515K | $593K | +15.1% |
Summary: Mechanicsville 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 increased by 18.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 15.1%.
Housing Supply in Mechanicsville, MD
How many homes are available in Mechanicsville, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
108 | 114 | +5.6% |
Summary: The Mechanicsville real estate market had 114 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 44 | 44 | 0.0% |
4 Bedrooms | 39 | 45 | +15.4% |
5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Mechanicsville 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 9 | -47.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Mechanicsville in March 2024, down by 47.1% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Mechanicsville, MD
How long does it take to sell a home in Mechanicsville, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 38 Days | -3.6% |
Summary: Homes in Mechanicsville had an average of 38 days on market in Mar 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Mechanicsville; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.