Altos Market Data for Realtors

Mechanicsville, MD

Single-Family Homes

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Mechanicsville, MD

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. Click here to stay informed with the Mechanicsville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mechanicsville, MD

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. Click here to stay informed with the Mechanicsville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mechanicsville 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.

Market Segments

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