New Downward Trend in Home Prices for 22031 Zip Code Real Estate Market

The 22031 zip code market slowed with a 5.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (32.6) with 33 homes sold. On the other hand, the close-by 22015 zip code registered 56 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $460,000, extending an eight-week long spiral. There are only three months of inventory available in the 22031 zip code, so it's still a seller's market, despite the falling prices.

Trying to find a home at a bargain price? Take a look at these affordable homes in the 22031 zip code:

$156K   $160K   $179K  

Get started right now by checking out 22031 homes for sale or reviewing 22031 real estate trends.

Demographic facts for the 22031 zip code:

  • This area has a rating of 59 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • The property tax in this area is $10.67/$1,000.
  • The commute times can range from: <15 min (16.0%), 15-29 min (32.9%), 30-44 min (28.9%), 45-59 min (12.7%), >60 min (9.5%).

Data reported through 10/12/2016

Comments:

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Keller Williams Capital Properties
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Snapped 2 homes in this area
Long & Foster Real Estate, Inc.
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