$6,413 Closing Credit*
$540,000
3,776 SqFt
4 Beds
•2 Full Baths, 1 Partial
John M Jordan, Listing Office: CENTURY 21 New Millennium
Is Mechanicsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 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, MD
How much do homes in Mechanicsville, MD cost?
Median Sold Price
$415,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+10.7%)
Key Takeaway
Homes in Mechanicsville have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Mechanicsville was $415,000 in November 2024, up 10.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $410K | N/A |
| 2 Bedrooms | $288K | $319.5K | +10.9% |
| 3 Bedrooms | $350K | $375K | +7.1% |
| 4 Bedrooms | $401.5K | $442.4K | +10.2% |
| 5+ Bedrooms | $590K | $557.5K | -5.5% |
Summary: Mechanicsville housing prices by bedroom type for November 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 10.2%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in Mechanicsville, MD
How many homes are available in Mechanicsville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 67 | +13.6% |
Summary: The Mechanicsville real estate market had 67 homes for sale in November 2024, a 13.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 16 | 23 | +43.8% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Mechanicsville 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 19 | +90.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mechanicsville, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Mechanicsville in November 2024, up by 90.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 29 Days | -14.1% |
Summary: Homes in Mechanicsville had an average of 29 days on market in Nov 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 19 homes were sold in Mechanicsville; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
