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MECHANICSVILLE, VA 23116

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

Market Overview

Active Listings
90
⇧ 18.4% vs 76 last year
Pending
40
44% pending ratio
Median Price
$565,000
⇩ 1.3% vs $572,500 last year
Average Price
$571,599
⇩ 4.1% vs $595,817 last year
Days on Market
70
⇧ 12.9% vs 62 days last year

Market Context

Population: 33,550  ·  Density: 235.6/mi²  ·  Median household income: $131,665

Typical home value: $377,349  ·  Homeownership: 89.8%

Market Analysis

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

The MECHANICSVILLE, VA real estate market (23116) currently shows 90 active listings, with 40 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 70 days on market compared to 62 days last year.

The median listing price has fallen 1.3% year-over-year, from $572,500 to $565,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 90 this year vs 76 last year
  • Days on market: 70 now vs 62 last year

Median & Average Pricing

Year over Year
  • Median: $565,000 (-1.3% YoY)
  • Average: $571,599 (-4.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.8 miles — 680 listings ($336,486,724 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23116Mechanicsville, VA 231160.0 mi90$51,443,910$565,000$571,599
23069Hanover, VA 230696.8 mi8$4,015,736$402,475$501,967
23106Manquin, VA 231067.6 mi1$298,950$298,950$298,950
23223Richmond, VA 232238.4 mi148$57,362,728$359,000$387,586
23228Henrico, VA 232289.1 mi68$23,915,192$337,900$351,694
23230Richmond, VA 2323010.4 mi30$17,358,510$515,000$578,617
23220Richmond, VA 2322010.9 mi81$42,304,923$449,998$522,283
23294Henrico, VA 2329411.7 mi25$10,190,400$399,995$407,616
23226Richmond, VA 2322612.0 mi28$27,126,736$882,500$968,812
23009Aylett, VA 2300912.5 mi87$34,175,949$379,950$392,827
23141Quinton, VA 2314113.7 mi67$39,011,822$626,950$582,266
23229Henrico, VA 2322914.1 mi39$22,910,004$449,000$587,436
23047Doswell, VA 2304714.8 mi8$6,371,864$774,975$796,483

Frequently Asked Questions

How many homes are for sale in MECHANICSVILLE, VA 23116?

As of January 2026, there are 90 active listings in MECHANICSVILLE, VA (zip code 23116), compared to 76 the prior year.

What is the median home price in MECHANICSVILLE, VA 23116?

The median listing price in MECHANICSVILLE, VA 23116 is $565,000 as of January 2026, a 1.3% decrease from $572,500 the prior year.

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

Homes in MECHANICSVILLE, VA 23116 spend an average of 70 days on the market before going under contract, compared to 62 days the prior year.

Is it a seller's or buyer's market in MECHANICSVILLE, VA 23116?

Based on current inventory and days-on-market data as of January 2026, MECHANICSVILLE, VA 23116 is currently a Buyer's Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 70 days on market compared to 62 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MECHANICSVILLE, VA 23116 save an estimated $11,300 compared to a typical 5% commission on the median listing price of $565,000. 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.