Is Mechanicsville, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mechanicsville is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Mechanicsville has remained a Buyer'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

$273,950

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,950(+11.8%)

Key Takeaway

Homes in Mechanicsville have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Mechanicsville was $273,950 in November 2024, up 11.8% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $152K$205K
+34.9%
2 $240K$247K
+2.9%
3 $277K$279.4K
+0.9%
4 $540K$300K
-44.4%
5+ $525K-
N/A

Summary: Mechanicsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Mechanicsville
+11.8%
Pittsburgh
+2.7%
Summerhill
-0.4%

Housing Supply in Mechanicsville, GA

How many homes are available in Mechanicsville, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1722+29.4%

Summary: The Mechanicsville real estate market had 22 homes for sale in November 2024, a 29.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 79
+28.6%
3 56
+20.0%
4 34
+33.3%
5+ 22
0.0%

Summary: The Mechanicsville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mechanicsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Mechanicsville in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
62 Days56 Days-8.9%

Summary: Homes in Mechanicsville had an average of 56 days on market in Nov 2024, down by 8.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mechanicsville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Mechanicsville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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MLS Disclaimers and Copyright

Based on information from Georgia MLS, and First Multiple Listing Service Inc. for the period 12/01/2022 - 12/01/2024

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX 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. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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