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MECHANICSVILLE, VA 23116

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

Market Analysis

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

The MECHANICSVILLE, VA real estate market (23116) currently shows 122 active listings, with 55 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 37 days on market compared to 41 days last year.

The median listing price has fallen 11.1% year-over-year, from $572,450 to $508,963.

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Market Context

Market Context

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

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

Market Overview

Active Listings
122
⇧ 8.9% vs 112 last year
Pending
55
45% pending ratio
Median Price
$508,963
⇩ 11.1% vs $572,450 last year
Average Price
$530,628
⇩ 11.8% vs $601,592 last year
Days on Market
37
⇩ 9.8% vs 41 days last year

Price Per Square Foot

Median $/sqft
$234
⇧ 3.5% vs $226/sqft last year
Median Home Size
2,268 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 122 this year vs 112 last year
  • Days on market: 37 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $508,963 (-11.1% YoY)
  • Average: $530,628 (-11.8% 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 14.8 miles — 705 listings ($355,697,418 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23116Mechanicsville, VA 231160.0 mi91$51,495,990$554,950$565,890
23069Hanover, VA 230696.8 mi10$5,114,500$425,000$511,450
23106Manquin, VA 231067.6 mi1$561,975$561,975$561,975
23223Richmond, VA 232238.4 mi159$62,969,406$354,500$396,034
23228Henrico, VA 232289.1 mi70$25,040,610$347,238$357,723
23230Richmond, VA 2323010.4 mi30$17,622,540$528,725$587,418
23220Richmond, VA 2322010.9 mi71$37,718,821$432,250$531,251
23294Henrico, VA 2329411.7 mi24$9,682,008$402,138$403,417
23226Richmond, VA 2322612.0 mi32$31,809,216$669,950$994,038
23009Aylett, VA 2300912.5 mi89$34,143,159$373,725$383,631
23141Quinton, VA 2314113.7 mi77$47,735,842$649,990$619,946
23229Henrico, VA 2322914.1 mi44$25,974,080$441,925$590,320
23047Doswell, VA 2304714.8 mi7$5,829,271$834,975$832,753

Frequently Asked Questions

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

As of September 2026, there are 122 active listings in MECHANICSVILLE, VA (zip code 23116), compared to 112 the prior year.

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

The median listing price in MECHANICSVILLE, VA 23116 is $508,963 as of September 2026, a 11.1% decrease from $572,450 the prior year.

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

Homes in MECHANICSVILLE, VA 23116 spend an average of 37 days on the market before going under contract, compared to 41 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 September 2026, MECHANICSVILLE, VA 23116 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 37 days on market compared to 41 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 $10,179 compared to a typical 5% commission on the median listing price of $508,963. 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.