$4,453 Closing Credit*
$375,000
2,940 SqFt
6 Beds
•2 Full Baths, 1 Partial
NICHOLAS BARTONE, Listing Office: Joy Daniels Real Estate Group, Ltd
Is Mechanicsburg, PA 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, Mechanicsburg has remained a Seller's Market.
Key Takeaway
Mechanicsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mechanicsburg, PA
How much do homes in Mechanicsburg, PA cost?
Median Sold Price
$375,083
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,583(+7.9%)
Key Takeaway
Homes in Mechanicsburg have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Mechanicsburg was $375,083 in November 2024, up 7.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | $140.5K | +4.2% |
| 2 Bedrooms | $236K | $260K | +10.2% |
| 3 Bedrooms | $314.9K | $333.2K | +5.8% |
| 4 Bedrooms | $499.9K | $518.2K | +3.7% |
| 5+ Bedrooms | $634.1K | $675.4K | +6.5% |
Summary: Mechanicsburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Mechanicsburg | $347.5K | $375K | +7.9% |
| Upper Allen Township | $340K | $359.8K | +5.8% |
| Silver Spring Township | $400K | $420K | +5.0% |
| Hampden Township | $366K | $380K | +3.8% |
| Monroe Township | $390K | $400K | +2.6% |
Housing Supply in Mechanicsburg, PA
How many homes are available in Mechanicsburg, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 317 | 288 | -9.1% |
Summary: The Mechanicsburg real estate market had 288 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 38 | 31 | -18.4% |
| 3 Bedrooms | 137 | 126 | -8.0% |
| 4 Bedrooms | 105 | 99 | -5.7% |
| 5+ Bedrooms | 34 | 29 | -14.7% |
Summary: The Mechanicsburg 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 decreased by 18.4%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 14.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 88 | -7.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mechanicsburg, you may be able to get a good deal. 38.6% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Mechanicsburg in November 2024, down by 7.4% month-over-month. Of the 88 sold homes, 39% were sold under asking, 27% were sold at asking, and 34% were sold over asking.
Days on Market for Mechanicsburg, PA
How long does it take to sell a home in Mechanicsburg, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -18.0% |
Summary: Homes in Mechanicsburg had an average of 26 days on market in Nov 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mechanicsburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 88 homes were sold in Mechanicsburg; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
