$185K  
22480 is a small zip code in Virginia with a population of 677 residents, and it has a higher than average density compared to the rest of the state, with 305.2 people per square mile. It should be noted that 38.6% of the homes in the 22480 zip code are owned, while 28.0% are rentals.
Comments:

$185K  
Home sales in the 22480 zip code market have steadily topped the monthly average for some time. However, this week the numbers came down by 66.7% to come in at one home sold during the last 30 days. Within the same time frame, the 22578 zip code had eight sales, the most of all zip codes in the area. The median sales price jumped to $580,000, up from last week's $295,000. The 22480 zip code is a definite buyer's market, thanks to a big 14 months of inventory to choose from and a pullback in sales.
Comments:

$1.3M  
The number of homes coming into the 22480 zip code market shot up to three listings over the last 30 days, while sales remained right where they were as once again three homes were sold over the same period. The median sales price continued to rise, trending upwards for four weeks to reach $295,000.
Comments:

$185K  
The 22480 zip code market saw sales remain flat this week with three homes sold over the last 30 days and new listings also remain flat at two. Potential buyers should take note that the median sales price in the 22480 zip code stayed flat at $295,000 and that there are four months of inventory still available.
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Long & Foster Real Estate, Inc.
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