Is Mechanicsburg, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mechanicsburg has remained a Seller's Market.
Housing Prices in Mechanicsburg, OH
How much do homes in Mechanicsburg, OH cost?
Median Sold Price
$266,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mechanicsburg was $266,000 in May 2024, up 16.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $182K | $149K | -18.1% |
3 Bedrooms | $200.9K | $270K | +34.4% |
4 Bedrooms | $298.5K | $266K | -10.9% |
5+ Bedrooms | $365.4K | $360K | -1.5% |
Summary: Mechanicsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.1%, 3 bedroom homes increased by 34.4%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Mechanicsburg | $228.5K | $266K | +16.4% |
Goshen Township | $225K | $260K | +15.6% |
Housing Supply in Mechanicsburg, OH
How many homes are available in Mechanicsburg, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The Mechanicsburg real estate market had 13 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Mechanicsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mechanicsburg in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mechanicsburg, OH
How long does it take to sell a home in Mechanicsburg, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 4 Days | -81.6% |
Summary: Homes in Mechanicsburg had an average of 4 days on market in May 2024, down by 81.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Mechanicsburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.