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Mechanicsville, VA 23116 Real Estate & Property Data

Mechanicsville, VA 23116 Real Estate Market Trends

Last Updated: April 22, 2025

A total of 505 residential properties have been sold over the past 12 months in 23116. With a median sales price of $447,700 in 23116 and a total of 2 foreclosures in Mechanicsville, VA 23116. Discover market trends and get the granular level real estate data for Mechanicsville, VA 23116 to keep your pulse on the housing market. Curate compelling home reports for Mechanicsville, VA 23116 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

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Total Residential Properties 13,428

Total Commercial Properties 409

Avg. Home Age (Single Family Home) 32 Years

Avg. Square Feet (Single Family Home) 2,374

Total 2025 Residential Sales (year-to-date) 42

% of Homes Seriously Underwater (Q2 2025) 0.45%

Total 2024 Residential Sales 491

% of Equity Rich Homes (Q2 2025) 43.8%

Effective 2024 Property Tax 0.7%

Total Foreclosure Filings (year-to-date) 6

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Mechanicsville, VA 23116 Real Estate Overview

There were 505 residential properties sold in the past year in Mechanicsville, VA 23116. The median home value in Mechanicsville, VA 23116 is $483,368. There are a total of 13,428 residential properties in the 23116.

Median Sales Price i

$447,700

(Feb 2025)

-5.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $447,700
January '25 Jan '25 $469,500
December '24 Dec '24 $460,000
November '24 Nov '24 $486,000
October '24 Oct '24 $540,000
September '24 Sep '24 $500,000
August '24 Aug '24 $535,000
July '24 Jul '24 $480,000
June '24 Jun '24 $565,000
May '24 May '24 $512,500
April '24 Apr '24 $530,000
March '24 Mar '24 $548,225

Median Down Payment i

$80,000

(Feb 2025)

-8%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $80,000
January '25 Jan '25 $55,120
December '24 Dec '24 $90,000
November '24 Nov '24 $87,600
October '24 Oct '24 $84,000
September '24 Sep '24 $97,600
August '24 Aug '24 $73,125
July '24 Jul '24 $94,950
June '24 Jun '24 $87,750
May '24 May '24 $91,000
April '24 Apr '24 $100,000
March '24 Mar '24 $83,500

Number of Homes Sold i

(Feb 2025)

-31%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 20
January '25 Jan '25 22
December '24 Dec '24 43
November '24 Nov '24 37
October '24 Oct '24 48
September '24 Sep '24 31
August '24 Aug '24 41
July '24 Jul '24 51
June '24 Jun '24 48
May '24 May '24 51
April '24 Apr '24 42
March '24 Mar '24 42

Number of Purchase Loans i

(Feb 2025)

-26.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 19
January '25 Jan '25 20
December '24 Dec '24 37
November '24 Nov '24 37
October '24 Oct '24 35
September '24 Sep '24 31
August '24 Aug '24 33
July '24 Jul '24 42
June '24 Jun '24 40
May '24 May '24 50
April '24 Apr '24 29
March '24 Mar '24 39

Number of REFI Loans i

(Feb 2025)

+72.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 31
January '25 Jan '25 21
December '24 Dec '24 22
November '24 Nov '24 23
October '24 Oct '24 41
September '24 Sep '24 49
August '24 Aug '24 31
July '24 Jul '24 26
June '24 Jun '24 24
May '24 May '24 25
April '24 Apr '24 30
March '24 Mar '24 21

Number of HELOC Loans i

(Feb 2025)

-40%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 9
January '25 Jan '25 16
December '24 Dec '24 13
November '24 Nov '24 13
October '24 Oct '24 10
September '24 Sep '24 15
August '24 Aug '24 12
July '24 Jul '24 23
June '24 Jun '24 15
May '24 May '24 20
April '24 Apr '24 16
March '24 Mar '24 16

Mechanicsville, VA 23116 Real Estate Market Overview

Last 30 days

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Mechanicsville, VA 23116 Foreclosure Activity

There were a total of 2 Mechanicsville, VA 23116 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 2 Mechanicsville, VA 23116 properties and repossessed 1 Mechanicsville, VA 23116 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i

(Feb 2025)

+100%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years