New Downward Trend in Home Sales for 22302 Zip Code Real Estate Market

On top of a 27.3% reduction in sales numbers this week to reach 24 homes sold over the last 30 days, the 22302 zip code market still shows a pronounced trend downward overall. All indications show that the trend should continue, meaning less sales over the next few weeks. While sales numbers fell, prices dropped as well. This week's reported median sales price of $310,000 continued an eight-week downward trend. Despite the falling sales numbers and prices, there are only two months of inventory remaining, indicating that the 22302 zip code is still a definite seller's market.

If you have a tight budget for your next home, begin the search with these low-cost listings in the 22302 zip code:

$105K   $190K   $190K  

Get started right now by checking out 22302 homes for sale or reviewing 22302 real estate trends.

Demographic facts for the 22302 zip code:

  • The average elevation is 174 feet.
  • The area's median income per household is $87,443.
  • The student per counselor ratio in this area is 150:1. (513:1 = national average)

Data reported through 10/12/2016

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