Is Mechanicsburg, PA 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, PA
How much do homes in Mechanicsburg, PA cost?
Median Sold Price
$359,991
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mechanicsburg was $359,991 in March 2024, up 14.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.9K | $136K | +1.5% |
2 Bedrooms | $175K | $240K | +37.1% |
3 Bedrooms | $290K | $329.9K | +13.8% |
4 Bedrooms | $450K | $492K | +9.3% |
5+ Bedrooms | $614.5K | $662K | +7.7% |
Summary: Mechanicsburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 37.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Mechanicsburg | $314.6K | $359.9K | +14.4% |
Hampden Township | $325K | $371.3K | +14.3% |
Upper Allen Township | $320K | $352K | +10.0% |
Silver Spring Township | $450K | $400K | -11.1% |
Housing Supply in Mechanicsburg, PA
How many homes are available in Mechanicsburg, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
351 | 333 | -5.1% |
Summary: The Mechanicsburg real estate market had 333 homes for sale in March 2024, a 5.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 42 | 31 | -26.2% |
3 Bedrooms | 146 | 137 | -6.2% |
4 Bedrooms | 133 | 127 | -4.5% |
5+ Bedrooms | 28 | 37 | +32.1% |
Summary: The Mechanicsburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 26.2%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 32.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 63 | -11.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Mechanicsburg in March 2024, down by 11.3% month-over-month. Of the 63 sold homes, 38% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for Mechanicsburg, PA
How long does it take to sell a home in Mechanicsburg, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 46 Days | +48.9% |
Summary: Homes in Mechanicsburg had an average of 46 days on market in Mar 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in Mechanicsburg; 71% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.