$5,106 Closing Credit*
$430,000
3,100 SqFt
4 Beds
•2 Full Baths, 1 Partial
Cynthia Armour-Helm, Listing Office: Better Homes and Gardens Real Estate Capital Area
Is Mechanicsburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$374,966
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,133(+8.7%)
Key Takeaway
Homes in Mechanicsburg have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Mechanicsburg was $374,966 in October 2024, up 8.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | $140.9K | +4.4% |
| 2 Bedrooms | $236K | $257.4K | +9.1% |
| 3 Bedrooms | $314.9K | $330.3K | +4.9% |
| 4 Bedrooms | $499.8K | $519.9K | +4.0% |
| 5+ Bedrooms | $640K | $672.4K | +5.1% |
Summary: Mechanicsburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Mechanicsburg | $344.8K | $374.9K | +8.7% |
| Upper Allen Township | $332.5K | $359.9K | +8.3% |
| Hampden Township | $363.3K | $379.1K | +4.4% |
| Silver Spring Township | $405K | $410K | +1.2% |
| Monroe Township | $400K | $370K | -7.5% |
Housing Supply in Mechanicsburg, PA
How many homes are available in Mechanicsburg, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 322 | 312 | -3.1% |
Summary: The Mechanicsburg real estate market had 312 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 33 | 35 | +6.1% |
| 3 Bedrooms | 143 | 141 | -1.4% |
| 4 Bedrooms | 110 | 102 | -7.3% |
| 5+ Bedrooms | 36 | 31 | -13.9% |
Summary: The Mechanicsburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 13.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 86 | +13.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mechanicsburg, you could pay more than the asking price. 43% of homes here sold above asking price last month.
Summary: A total of 86 homes were sold or pending in Mechanicsburg in October 2024, up by 13.2% month-over-month. Of the 86 sold homes, 30% were sold under asking, 27% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 22 Days | +80.4% |
Summary: Homes in Mechanicsburg had an average of 22 days on market in Oct 2024, up by 80.4% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 86 homes were sold in Mechanicsburg; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
