The typical home value in
Mechanicsville
is projected to be
$383,380
for the month of
July.
June’s
finalized data reported the typical value of a home in the
city
to be
$394,250—up
2.4%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$485,000
in
Hanover County
for the most recent reporting period.
That number is expected to float around
$489,790
in
July.
Mechanicsville
had
48
new listings and
48
listings that went under contract in
June,
decreasing
the area’s total available inventory to
52—down
3.7%
from the previous month. Inventory is projected to have further
decreased
in
July.
Of those
52
active listings,
36.54%
reduced their price in the month of
June.
The median listing price for homes in
Mechanicsville
fell
1.36%
from
May
to
June,
bringing the current median listing price to
$399,480.
Based on projected data for
July,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
June 2025,
the median time for a listed property to go pending was
17
days, compared to
24
days in
June 2024.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
July.
