$174K  
Sales fell in the 22508 zip code market to 22 homes sold over the last 30 days. It's also under an established downward trend in the number of contracts closing, with this week's number falling to 24. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price climbed to $244,900 over the latest reporting period for the 22508 zip code, up from $239,450.
Comments:

$179K  
With 12,759 residents, 22508 is a larger than average zip code in Virginia. Also, with a 72.0% increase over the last 10 years, its population is growing faster than other parts of the state. Homes in the 22508 zip code are of moderate age with a median age of 17 years. Heading the list of top schools in the zip code is Locust Grove Elementary School.
Comments:

$535K  
The 22508 zip code market pulled back with a 9.7% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 28.3 monthly average with 28 homes sold. Meanwhile, the 22407 zip code reported 46 home sales, the highest number from all the surrounding zip codes. Months of inventory in the 22508 zip code spiked to four but prices came down, as the median sales price dropped to $239,450.
Comments:

$649K  
Over the last 30 days, the sale of 28 homes took place in the 22508 zip code market. This shows a 26.3% drop from the prior period but the area remains on an emerging upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price in the 22508 zip code climbed to $257,400 while months of inventory shot up to four.
Comments:

$115K  
Sales inched up in the 22508 zip code market to 37 homes sold over the last 30 days. But the market is also under a recent downward trend in the number of contracts closing, with this week's number falling to 25. While contracts numbers were weak, the median sales price of those homes came in at $229,900, which extended a downward swing in price to four weeks. The increase in sales and the low inventory drive home the fact that the 22508 zip code is a seller's market.
Comments:

$649K  
The 22508 zip code market showed continued improvement over the last 30 days. Sales rose 2.9% to 36 homes, the most in three months. During the same time frame, 22407 had the most sales of any other neighboring zip codes with 61. The median sales price rose to $221,000 over the latest reporting period for the 22508 zip code, up from $218,500. The rising sales and a low three months of inventory mean that the 22508 zip code is a seller's market.
Comments:

$535K  
With a budding downward trend of new sellers listing homes, including 19 over the last 30 days, and sales that rose to 35 in that same time frame, the 22508 zip code market will be less intense. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price climbed to $218,500 over the latest reporting period for the 22508 zip code, up from $205,000. With only three months of inventory and rising sales, the 22508 zip code is a seller's market.
Comments:

$149K  
22508 is a affluent zip code in Virginia with a median income of $69,620 per household. The population is also considered younger than most with a median age of 43 years. It should be noted that at 74.6%, most people own their homes in the 22508 zip code. The top school in the zip code is Locust Grove Elementary School.
Comments:

$174K  
Over the last 30 days, the 22508 zip code market showed healthy signs with 28 homes sold. It marks a 21.7% increase from last week's report, while also topping the average sales volume for the prior 12 months. Within the same time frame, the 22407 zip code had 69 sales, the most of all zip codes in the area. The median sales price dropped to $218,000, potentially helping to reduce the four months of inventory left to be sold.
Comments:

$174K  
The 22508 zip code market slowed with a 19.2% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 27.2 monthly average with 21 homes sold. In comparison, the nearby 22407 zip code had 59 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 22508 zip code, and for this period the median sales price slid from $223,750 to $222,500.
Comments:
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