$5,451 Closing Credit*
$459,000
2,166 SqFt
4 Beds
•2 Full Baths, 1 Partial
DJ Whiting, Listing Office: Real Broker LLC
Is Mechanicsville, VA 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, VA
How much do homes in Mechanicsville, VA cost?
Median Sold Price
$449,784
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,797(+7.1%)
Key Takeaway
Homes in Mechanicsville have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Mechanicsville was $449,784 in November 2024, up 7.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $357K | $380K | +6.4% |
| 3 Bedrooms | $355.6K | $379.9K | +6.8% |
| 4 Bedrooms | $459.9K | $494.9K | +7.6% |
| 5+ Bedrooms | $599.9K | $632.4K | +5.4% |
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 6.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Cold Harbor | $400K | $450.5K | +12.6% |
| Henry | $445K | $490K | +10.1% |
| Mechanicsville | $419.9K | $449.7K | +7.1% |
| Chickahominy | $480K | $501.9K | +4.6% |
| Fairfield | $330K | $342.8K | +3.9% |
Housing Supply in Mechanicsville, VA
How many homes are available in Mechanicsville, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 317 | 266 | -16.1% |
Summary: The Mechanicsville real estate market had 266 homes for sale in November 2024, a 16.1% decrease 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 135 | 110 | -18.5% |
| 4 Bedrooms | 126 | 112 | -11.1% |
| 5+ Bedrooms | 45 | 33 | -26.7% |
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 decreased by 18.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 67 | -28.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mechanicsville, you could pay more than the asking price. 40.3% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Mechanicsville in November 2024, down by 28.7% month-over-month. Of the 67 sold homes, 27% were sold under asking, 33% were sold at asking, and 40% were sold over asking.
Days on Market for Mechanicsville, VA
How long does it take to sell a home in Mechanicsville, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 24 Days | -19.0% |
Summary: Homes in Mechanicsville had an average of 24 days on market in Nov 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 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, 67 homes were sold in Mechanicsville; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.