$2,078 Closing Credit*
$175,000
1,834 SqFt
3 Beds
•2 Full Baths
Katie Gombert, Listing Office: Pinnacle Realty LLC
Is Mechanicsville, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mechanicsville has remained a Seller's Market.
Key Takeaway
Mechanicsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mechanicsville, IA
How much do homes in Mechanicsville, IA cost?
Median Sold Price
$85,000
$62/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$105,000(-55.3%)
Key Takeaway
Homes in Mechanicsville have sold for 55.3% less than they did a month ago.
Summary: The median home sold price in Mechanicsville was $85,000 in October 2024, down 55.3% from last month, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $140K | - | N/A |
| 4 Bedrooms | $240K | $85K | -64.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mechanicsville housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 64.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mechanicsville | $190K | $85K | -55.3% |
| Pioneer Township | $240K | $85K | -64.6% |
Housing Supply in Mechanicsville, IA
How many homes are available in Mechanicsville, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Mechanicsville real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mechanicsville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mechanicsville, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Mechanicsville in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Mechanicsville, IA
How long does it take to sell a home in Mechanicsville, IA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 1 Day | -93.1% |
Summary: Homes in Mechanicsville had an average of 1 days on market in Oct 2024, down by 93.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was 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 October 2024, 1 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.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information 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. Information Is Believed To Be Accurate But Not Guaranteed.