Is Mechanicsville, VA 23116 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Mechanicsville is a seller’s market. With about 1.4 months of supply and 36% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.4Under 4 months = seller’s market

Sold above original list35.6%Share of sales, last 3 months

Median sale-to-list100%Sold price ÷ list price

Median days on market16Listing to accepted offer

Median price per sq ft$228▲ +8.6% vs. last year

Run the numbers for 23116

Prefilled for 23116Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23116Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ashland 23005Seller’s market $256 /sq ft Beaverdam 23015Seller’s market $257 /sq ft Doswell 23047Buyer’s market $226 /sq ft Glen Allen 23059Seller’s market $238 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology