Is Mechanicsburg, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mechanicsburg has remained a Seller's Market.
Housing Prices in Mechanicsburg, OH
How much do homes in Mechanicsburg, OH cost?
Median Sold Price
$263,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mechanicsburg was $263,000 in March 2024, up 16.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $137K | $174.6K | +27.4% |
3 Bedrooms | $203.5K | $280K | +37.6% |
4 Bedrooms | $278.5K | $247.5K | -11.1% |
5+ Bedrooms | $351K | $369.9K | +5.4% |
Summary: Mechanicsburg 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 27.4%, 3 bedroom homes increased by 37.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Goshen Township | $215K | $255K | +18.6% |
Mechanicsburg | $225K | $263K | +16.9% |
Housing Supply in Mechanicsburg, OH
How many homes are available in Mechanicsburg, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Summary: The Mechanicsburg real estate market had 14 homes for sale in March 2024, a 100.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 8 | +100.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mechanicsburg 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 increased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mechanicsburg in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 47 Days | +535.6% |
Summary: Homes in Mechanicsburg had an average of 47 days on market in Mar 2024, up by 535.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Mechanicsburg; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.