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MECHANICSVILLE, VA 23116

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

Market Analysis

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

The MECHANICSVILLE, VA real estate market (23116) currently shows 91 active listings, with 46 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 80 days on market compared to 37 days last year.

The median listing price has fallen 9.2% year-over-year, from $611,175 to $554,950.

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

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

Market Overview

Active Listings
91
vs 91 last year
Pending
46
51% pending ratio
Median Price
$554,950
⇩ 9.2% vs $611,175 last year
Average Price
$565,890
⇩ 4.8% vs $594,435 last year
Days on Market
80
⇧ 116.2% vs 37 days last year

Price Per Square Foot

Median $/sqft
$250
⇩ 0.8% vs $252/sqft last year
Median Home Size
2,189 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 80 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $554,950 (-9.2% YoY)
  • Average: $565,890 (-4.8% 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 — 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 February 2026, there are 91 active listings in MECHANICSVILLE, VA (zip code 23116), compared to 91 the prior year.

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

The median listing price in MECHANICSVILLE, VA 23116 is $554,950 as of February 2026, a 9.2% decrease from $611,175 the prior year.

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

Homes in MECHANICSVILLE, VA 23116 spend an average of 80 days on the market before going under contract, compared to 37 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 February 2026, MECHANICSVILLE, VA 23116 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 80 days on market compared to 37 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 $11,099 compared to a typical 5% commission on the median listing price of $554,950. 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.