$6,435 Closing Credit*
$541,900
2,598 SqFt
4 Beds
•3 Full Baths
Courtney D. Phipps, Listing Office: Hooper & Associates
Is Mechanicsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mechanicsville was a Seller's Market.
Key Takeaway
Mechanicsville 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 Mechanicsville, MD
How much do homes in Mechanicsville, MD cost?
Median Sold Price
$409,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+9.1%)
Key Takeaway
Homes in Mechanicsville have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Mechanicsville was $409,000 in October 2024, up 9.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $410K | N/A |
| 2 Bedrooms | $288K | $319.5K | +10.9% |
| 3 Bedrooms | $350K | $375K | +7.1% |
| 4 Bedrooms | $401.5K | $439.9K | +9.6% |
| 5+ Bedrooms | $590K | $543.5K | -7.9% |
Summary: Mechanicsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in Mechanicsville, MD
How many homes are available in Mechanicsville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 64 | -5.9% |
Summary: The Mechanicsville real estate market had 64 homes for sale in October 2024, a 5.9% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 34 | 31 | -8.8% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
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 decreased by 8.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 10 | -52.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mechanicsville, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Mechanicsville in October 2024, down by 52.4% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Mechanicsville, MD
How long does it take to sell a home in Mechanicsville, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 23 Days | -51.4% |
Summary: Homes in Mechanicsville had an average of 23 days on market in Oct 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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, 10 homes were sold in Mechanicsville; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
