MECHANICSVILLE HOUSING MARKET DATA

There was an increase in total units sold in March, with 64 sold this month in Mechanicsville Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 12 units or 9%. The total number of active inventory this March was 129 compared to 141 in March 2024. This month's total of 129 is lower than the previous month's total supply of available inventory of 134, a decrease of 4%.

Last March, the median sale price for Mechanicsville Homes was $480,900. This March, the median sale price was $421,875, a decrease of 12% or $59,025 compared to last year. The current median sold price is 1% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 2.0 months of supply available in Mechanicsville, compared to 2.6 in March 2024. That is a decrease of 23% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 85 homes newly listed for sale in Mechanicsville compared to 81 in March 2024, an increase of 5%. There were 82 current contracts pending sale this March compared to 74 a year ago. The number of current contracts is 11% higher than last March.

In March, the average sale price in Mechanicsville was 101.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 19, lower than the average last year, which was 32, a decrease of 41%.





FOCUS ON: MECHANICSVILLE HOUSING MARKET			MARCH 2025

Zip Code(s): 23111 and 23116
Units Sold 64	Active Inventory 129	Median Sale Price $421,875	Days On Market 19

Up 19% Vs. Year Ago	Down -9% Vs. Year Ago	Down -12% Vs. Year Ago	Down -41% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 64 sold this month in Mechanicsville Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 12 units or 9%. The total number of active inventory this March was 129 compared to 141 in March 2024. This month's total of 129 is lower than the previous month's total supply of available inventory of 134, a decrease of 4%.
		Median Sale Price Last March, the median sale price for Mechanicsville Homes was $480,900. This March, the median sale price was $421,875, a decrease of 12% or $59,025 compared to last year. The current median sold price is 1% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 85	Current Contracts 82	Sold Vs. List Price 101.2%	Months of Supply 2.0

Up 5% Vs. Year Ago	Up 11% Vs. Year Ago	No Change Vs. Year Ago	Down -23% Vs. Year Ago


		Months of Supply In March, there was 2.0 months of supply available in Mechanicsville, compared to 2.6 in March 2024. That is a decrease of 23% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 85 homes newly listed for sale in Mechanicsville compared to 81 in March 2024, an increase of 5%. There were 82 current contracts pending sale this March compared to 74 a year ago. The number of current contracts is 11% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Mechanicsville was 101.2% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 19, lower than the average last year, which was 32, a decrease of 41%.


	Mechanicsville are defined as properties listed in zip code/s 23111 and 23116.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.