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MECHANICSVILLE, VA 23111

Real Estate Market Report  ·  Hanover County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The MECHANICSVILLE, VA real estate market (23111) currently shows 142 active listings, with 71 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice.

The median listing price has fallen 0.2% year-over-year, from $495,625 to $494,738.

Whether you are buying or selling in MECHANICSVILLE, 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: 37,528  ·  Density: 187.8/mi²  ·  Median household income: $89,849

Typical home value: $298,071  ·  Homeownership: 78.5%

Market Overview

Active Listings
142
⇧ 24.6% vs 114 last year
Pending
71
50% pending ratio
Median Price
$494,738
⇩ 0.2% vs $495,625 last year
Average Price
$594,170
⇧ 5.5% vs $563,247 last year
Days on Market
38
vs 38 days last year

Price Per Square Foot

Median $/sqft
$241
⇧ 3.4% vs $233/sqft last year
Median Home Size
2,105 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 142 this year vs 114 last year
  • Days on market: 38 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $494,738 (-0.2% YoY)
  • Average: $594,170 (+5.5% 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 16.2 miles — 846 listings ($443,116,069 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23111Mechanicsville, VA 231110.0 mi102$59,092,986$468,694$579,343
23116Mechanicsville, VA 231166.4 mi91$51,495,990$554,950$565,890
23141Quinton, VA 231417.4 mi77$47,735,842$649,990$619,946
23223Richmond, VA 232238.2 mi159$62,969,406$354,500$396,034
23227Richmond, VA 2322710.7 mi54$22,161,006$377,245$410,389
23086King William, VA 2308611.1 mi11$3,719,353$346,713$338,123
23069Hanover, VA 2306911.8 mi10$5,114,500$425,000$511,450
23220Richmond, VA 2322012.4 mi71$37,718,821$432,250$531,251
23230Richmond, VA 2323013.5 mi30$17,622,540$528,725$587,418
23009Aylett, VA 2300914.1 mi89$34,143,159$373,725$383,631
23226Richmond, VA 2322615.1 mi32$31,809,216$669,950$994,038
23225Richmond, VA 2322515.8 mi66$33,745,074$347,925$511,289
23140Providence Forge, VA 2314016.2 mi54$35,788,176$687,438$662,744

Frequently Asked Questions

How many homes are for sale in MECHANICSVILLE, VA 23111?

As of April 2026, there are 142 active listings in MECHANICSVILLE, VA (zip code 23111), compared to 114 the prior year.

What is the median home price in MECHANICSVILLE, VA 23111?

The median listing price in MECHANICSVILLE, VA 23111 is $494,738 as of April 2026, a 0.2% decrease from $495,625 the prior year.

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

Homes in MECHANICSVILLE, VA 23111 spend an average of 38 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in MECHANICSVILLE, VA 23111?

Based on current inventory and days-on-market data as of April 2026, MECHANICSVILLE, VA 23111 is currently a Balanced Market. Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice.

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

With SELL123.com's maximum 3% commission, sellers in MECHANICSVILLE, VA 23111 save an estimated $9,895 compared to a typical 5% commission on the median listing price of $494,738. 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.