Is Mecklenburg County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mecklenburg County was a Seller's Market.
Key Takeaway
Mecklenburg County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mecklenburg County, VA
How much do homes in Mecklenburg County, VA cost?
Median Sold Price
$464,500
$226/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Mecklenburg County have sold for 115.7% more than they did a month ago.
Summary: The median home sold price in Mecklenburg County was $464,500 in March 2024, up 115.7% from last month, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $454K | +145.4% |
| 3 Bedrooms | $214.8K | $475K | +121.1% |
| 4 Bedrooms | $292.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mecklenburg County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 145.4%, 3 bedroom homes increased by 121.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mecklenburg County, VA
How many homes are available in Mecklenburg County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 36 | -14.3% |
Summary: The Mecklenburg County real estate market had 36 homes for sale in March 2024, a 14.3% decrease 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mecklenburg County 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 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mecklenburg County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mecklenburg County in March 2024, down by 40.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Mecklenburg County, VA
How long does it take to sell a home in Mecklenburg County, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 87 Days | +22.2% |
Summary: Homes in Mecklenburg County had an average of 87 days on market in Mar 2024, up by 22.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mecklenburg County has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Mecklenburg County; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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