23116 Home Values & Market Trends
There are 640 homes currently listed for 23116. 23116 real estate market trends show that home prices range from $199,950 to $2,495,000, and the median sales price in the 23116 zip code is $528,417. The total number of properties sold within the past twelve months is 609. In 23116, 7 properties are in foreclosure, 4 are bank owned properties,and 3 are headed for auction.
23116 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Mechanicsville | $ 466,159 $ 232/sqft |
Housing Market Summary for 23116
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $532.5K | $540K | 1.41% |
| Median Sold Price | $497.2K | $507.8K | 2.13% |
| Homes For Sale | 392 | 631 | 60.97% |
| Homes Sold | 299 | 210 | -29.77% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 23116
Browse Homes in 23116
The median list price of a home in Mechanicsville, is $528,417. A total of 640 properties are for sale, and the percentage of properties for sale in the zip code is 640.00%. The total count of 23116 properties is 891.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 23116 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 23116; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 23116 ranges from the highest value of $953,535 in mechanicsville to the lowest value of $219,546 in mechanicsville. Bank owned homes and properties account for 0.45% of properties in 23116. There is 1 cities within 23116; mechanicsville containing 6 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmechanicsville has 6 auction properties, the highest number of properties going to auction in a single city in the state of 23116. Auction homes and other auction properties account for 0.34% of all properties in 23116. There is 1 cities within 23116; of that cities, the median estimated home value for homes going to auction ranges from $729,167 in mechanicsville to the lowest value of $277,258 in mechanicsville.
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More Real Estate Resources for 23116
Guide for 23116
Virginia Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
