Call or Text (240) SELL-123

GLEN ALLEN, VA 23059

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

Market Analysis

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

The GLEN ALLEN, VA real estate market (23059) currently shows 111 active listings, with 63 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has tightened compared to last year, with 40 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 54 days on market compared to 35 days last year.

The median listing price has fallen 11.6% year-over-year, from $650,487 to $575,312.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for GLEN ALLEN, VA 23059 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
111
⇩ 26.5% vs 151 last year
Pending
63
57% pending ratio
Median Price
$575,312
⇩ 11.6% vs $650,487 last year
Average Price
$614,062
⇩ 17.1% vs $740,989 last year
Days on Market
54
⇧ 54.3% vs 35 days last year

Price Per Square Foot

Median $/sqft
$242
⇧ 2.1% vs $237/sqft last year
Median Home Size
2,310 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 111 this year vs 151 last year
  • Days on market: 54 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $575,312 (-11.6% YoY)
  • Average: $614,062 (-17.1% 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
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 — 663 listings ($436,524,540 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23059Glen Allen, VA 230590.0 mi103$65,482,662$584,975$635,754
23294Henrico, VA 232945.3 mi25$10,190,400$399,995$407,616
23005Ashland, VA 230055.9 mi72$40,161,096$360,000$557,793
23146Rockville, VA 231468.0 mi10$9,241,420$887,450$924,142
23238Henrico, VA 232388.6 mi53$46,881,574$602,475$884,558
23226Richmond, VA 232269.1 mi28$27,126,736$882,500$968,812
23103Manakin Sabot, VA 231039.6 mi63$67,237,947$809,950$1,067,269
23047Doswell, VA 2304710.7 mi8$6,371,864$774,975$796,483
23222Richmond, VA 2322211.6 mi97$33,280,215$349,950$343,095
23220Richmond, VA 2322012.2 mi81$42,304,923$449,998$522,283
23113Midlothian, VA 2311313.0 mi52$46,424,508$775,215$892,779
23235Richmond, VA 2323513.2 mi69$38,823,195$464,950$562,655
23039Crozier, VA 2303913.6 mi2$2,998,000$1,499,000$1,499,000

Frequently Asked Questions

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

As of February 2026, there are 111 active listings in GLEN ALLEN, VA (zip code 23059), compared to 151 the prior year.

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

The median listing price in GLEN ALLEN, VA 23059 is $575,312 as of February 2026, a 11.6% decrease from $650,487 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 54 days on the market before going under contract, compared to 35 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 February 2026, GLEN ALLEN, VA 23059 is currently a Balanced Market. Inventory has tightened compared to last year, with 40 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 54 days on market compared to 35 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 $11,506 compared to a typical 5% commission on the median listing price of $575,312. 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.