New Downward Trend in Price Cuts for 22520 Zip Code Real Estate Market

Sales in the 22520 zip code market ticked up to two homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with 15 price reductions in the same time frame. As might be expected, as the number of sellers reducing price trended lower, the median sales price continued to rise, trending upwards for four weeks to reach $293,500. The 22520 zip code is still a definite buyer's market, in spite of the rise in prices, thanks to the availability of 37 months of remaining inventory.

Without price being a factor in your decision, these are the top homes being listed in the 22520 zip code:

$849K   $769K   $725K  

Get started right now by checking out 22520 homes for sale or reviewing 22520 real estate trends.

Demographic facts for the 22520 zip code:

  • The median value of all homes is $175,500.
  • This area usually gets 110 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 7.0%.
  • There are 14.8 students for every teacher. (15.3 = national average)

Data reported through 10/19/2016

Comments:

Ask a local expert about this area:
Keller Williams Realty/Lee Beaver & Assoc.
Snapped 2 homes in this area
Avery-Hess, REALTORS
Snapped 1 home in this area
RE/MAX Town Center
Snapped 2 homes in this area

Agents that specialize in this area
1 snap in this area
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