Mechanicsville Real Estate Market Sees Sales Down

The Mechanicsville market slowed this week but was still better than normal as sales slid 7.7% to 60 homes sold over the last 30 days. On the other hand, close-by Richmond registered 197 homes sold in the same time frame, the most of all surrounding cities. The median sales price climbed to $233,500 over the latest reporting period for Mechanicsville, up from $233,000. There are only two months of inventory available in Mechanicsville, so it's a definite seller's market, even with the decrease in sales.

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Demographic facts for Mechanicsville:

  • The median value of all homes is $206,500.
  • Average number of rainy days is 113 per year. (U.S. average: 100)
  • The area's unemployment rate is 5.4%.
  • There are 12.8 students for every teacher. (15.3 = national average)

Data reported through 10/19/2016


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