Is Mechanicsville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mechanicsville was a Seller's Market.
Key Takeaway
Mechanicsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mechanicsville, GA
How much do homes in Mechanicsville, GA cost?
Median Sold Price
$270,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mechanicsville have sold for 28.6% more than they did a year ago.
Summary: The median home sold price in Mechanicsville was $270,000 in May 2024, up 28.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $150K | -3.2% |
| 2 Bedrooms | $208K | $245K | +17.8% |
| 3 Bedrooms | $259K | $279.4K | +7.9% |
| 4 Bedrooms | $590K | $487.5K | -17.4% |
| 5+ Bedrooms | $555K | $495K | -10.8% |
Summary: Mechanicsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Mechanicsville | $210K | $270K | +28.6% |
| Summerhill | $528.1K | $640K | +21.2% |
| Pittsburgh | $273K | $310K | +13.6% |
| Castleberry Hill | $308K | $295K | -4.2% |
Housing Supply in Mechanicsville, GA
How many homes are available in Mechanicsville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Mechanicsville real estate market had 20 homes for sale in May 2024, a 4.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mechanicsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mechanicsville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Mechanicsville in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Mechanicsville, GA
How long does it take to sell a home in Mechanicsville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 108 Days | 2 Days | -98.1% |
Summary: Homes in Mechanicsville had an average of 2 days on market in May 2024, down by 98.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mechanicsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Mechanicsville; 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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.