MECHANICSVILLE HOUSING MARKET DATA

There was an increase in total units sold in April, with 70 sold this month in Mechanicsville Real Estate versus 65 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 17% versus April 2024.

Versus last year, the total number of homes available this month is higher by 16 units or 10%. The total number of active inventory this April was 178 compared to 162 in April 2024. This month's total of 178 is higher than the previous month's total supply of available inventory of 145, an increase of 23%.

Last April, the median sale price for Mechanicsville Homes was $421,000. This April, the median sale price was $452,500, an increase of 7% or $31,500 compared to last year. The current median sold price is 7% higher than in March.

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

In April, there was 2.5 months of supply available in Mechanicsville, compared to 2.7 in April 2024. That is a decrease of 6% 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 130 homes newly listed for sale in Mechanicsville compared to 103 in April 2024, an increase of 26%. There were 85 current contracts pending sale this April compared to 79 a year ago. The number of current contracts is 8% higher than last April.

In April, the average sale price in Mechanicsville was 101.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 23, lower than the average last year, which was 30, a decrease of 23%.





FOCUS ON: MECHANICSVILLE HOUSING MARKET			APRIL 2025

Zip Code(s): 23111 and 23116
Units Sold 70	Active Inventory 178	Median Sale Price $452,500	Days On Market 23

Up 17% Vs. Year Ago	Up 10% Vs. Year Ago	Up 7% Vs. Year Ago	Down -23% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 70 sold this month in Mechanicsville Real Estate versus 65 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 17% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 16 units or 10%. The total number of active inventory this April was 178 compared to 162 in April 2024. This month's total of 178 is higher than the previous month's total supply of available inventory of 145, an increase of 23%.
		Median Sale Price Last April, the median sale price for Mechanicsville Homes was $421,000. This April, the median sale price was $452,500, an increase of 7% or $31,500 compared to last year. The current median sold price is 7% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 130	Current Contracts 85	Sold Vs. List Price 101.0%	Months of Supply 2.5

Up 26% Vs. Year Ago	Up 8% Vs. Year Ago	No Change Vs. Year Ago	Down -6% Vs. Year Ago


		Months of Supply In April, there was 2.5 months of supply available in Mechanicsville, compared to 2.7 in April 2024. That is a decrease of 6% 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 130 homes newly listed for sale in Mechanicsville compared to 103 in April 2024, an increase of 26%. There were 85 current contracts pending sale this April compared to 79 a year ago. The number of current contracts is 8% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Mechanicsville was 101.0% 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 23, lower than the average last year, which was 30, a decrease of 23%.


	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.