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GLEN ALLEN, VA 23059

Real Estate Market Report  ·  Hanover County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The GLEN ALLEN, VA real estate market (23059) currently shows 154 active listings, with 87 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 33 days on market compared to 32 days last year.

The median listing price has fallen 19.9% year-over-year, from $689,925 to $552,813.

Whether you are buying or selling in GLEN ALLEN, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 41,009  ·  Density: 345.5/mi²  ·  Median household income: $147,578

Typical home value: $543,151  ·  Homeownership: 78.4%

Market Overview

Active Listings
154
⇧ 4.8% vs 147 last year
Pending
87
56% pending ratio
Median Price
$552,813
⇩ 19.9% vs $689,925 last year
Average Price
$611,244
⇩ 18% vs $745,064 last year
Days on Market
33
⇧ 3.1% vs 32 days last year

Price Per Square Foot

Median $/sqft
$250
⇩ 3.1% vs $258/sqft last year
Median Home Size
2,331 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 154 this year vs 147 last year
  • Days on market: 33 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $552,813 (-19.9% YoY)
  • Average: $611,244 (-18% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.6 miles — 696 listings ($448,337,414 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23059Glen Allen, VA 230590.0 mi111$68,160,882$575,312$614,062
23294Henrico, VA 232945.3 mi24$9,682,008$402,138$403,417
23005Ashland, VA 230055.9 mi79$40,478,810$370,000$512,390
23146Rockville, VA 231468.0 mi9$8,507,925$907,450$945,325
23238Henrico, VA 232388.6 mi50$45,899,350$601,213$917,987
23226Richmond, VA 232269.1 mi32$31,809,216$669,950$994,038
23103Manakin Sabot, VA 231039.6 mi66$70,799,124$779,950$1,072,714
23047Doswell, VA 2304710.7 mi7$5,829,271$834,975$832,753
23222Richmond, VA 2322211.6 mi97$34,023,526$354,923$350,758
23220Richmond, VA 2322012.2 mi71$37,718,821$432,250$531,251
23113Midlothian, VA 2311313.0 mi67$50,503,327$658,020$753,781
23235Richmond, VA 2323513.2 mi82$44,485,164$453,738$542,502
23039Crozier, VA 2303913.6 mi1$439,990$439,990$439,990

Frequently Asked Questions

How many homes are for sale in GLEN ALLEN, VA 23059?

As of March 2026, there are 154 active listings in GLEN ALLEN, VA (zip code 23059), compared to 147 the prior year.

What is the median home price in GLEN ALLEN, VA 23059?

The median listing price in GLEN ALLEN, VA 23059 is $552,813 as of March 2026, a 19.9% decrease from $689,925 the prior year.

How long do homes stay on the market in GLEN ALLEN, VA?

Homes in GLEN ALLEN, VA 23059 spend an average of 33 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in GLEN ALLEN, VA 23059?

Based on current inventory and days-on-market data as of March 2026, GLEN ALLEN, VA 23059 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 33 days on market compared to 32 days last year.

How much can I save on real estate commission in GLEN ALLEN, VA?

With SELL123.com's maximum 3% commission, sellers in GLEN ALLEN, VA 23059 save an estimated $11,056 compared to a typical 5% commission on the median listing price of $552,813. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.