Single-Family Homes
Mon Mar 18 2024
This week the median list price for Mechanicsville, MD is $489,999 with the market action index hovering around 66. This is an increase over last month's market action index of 61. Inventory has increased to 13.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $489,999 | |
Median Price of New Listings | $440,000 | |
Per Square Foot | $273 | |
Average Days on Market | 32 | |
Median Days on Market | 14 | |
Price Decreased | 38% | |
Price Increased | 0% | |
Relisted | 15% | |
Inventory | 13 | |
Median Rent | ||
Market Action | 66 | |
Strong Seller's Market |
Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$798,900 | 2,760 | 1 - 2.5 acres | 3 | 3 | 20 | 0 | 1 | 35 |
$550,000 | 2,040 | 1 - 2.5 acres | 4 | 3 | 49 | 1 | 2 | 21 |
$450,000 | 1,648 | 0.5 - 1 acre | 4 | 3 | 32 | 0 | 2 | 7 |
$399,950 | 1,557 | 0.5 - 1 acre | 3 | 2.3 | 45 | 2 | 4 | 7 |