Is Mechanicsburg Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mechanicsburg Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mechanicsburg Township has remained a Seller's Market.

Key Takeaway

Mechanicsburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mechanicsburg Township, IL

How much do homes in Mechanicsburg Township, IL cost?

Median Sold Price

$225,000

$115/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$325,000(-59.1%)

Key Takeaway

Homes in Mechanicsburg Township have sold for 59.1% less than they did a month ago.

Summary: The median home sold price in Mechanicsburg Township was $225,000 in November 2024, down 59.1% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $550K$225K
-59.1%
5+ --
N/A

Summary: Mechanicsburg Township housing prices by bedroom type for November 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 59.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Dawson
-50.5%
Mechanicsburg Township
-59.1%

Housing Supply in Mechanicsburg Township, IL

How many homes are available in Mechanicsburg Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
440.0%

Summary: The Mechanicsburg Township real estate market had 4 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 11
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The Mechanicsburg Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were 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 Mechanicsburg Township, 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 Mechanicsburg Township in November 2024, the same as the previous 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 Mechanicsburg Township, IL

How long does it take to sell a home in Mechanicsburg Township, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
8 Days3 Days-62.5%

Summary: Homes in Mechanicsburg Township had an average of 3 days on market in Nov 2024, down by 62.5% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Mechanicsburg Township; 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.

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

Report Updated 17 Days Ago

Newest Listings in Mechanicsburg Township, IL

Nearby Markets to Mechanicsburg Township, IL