$475K  
The number of homes coming into the 22740 zip code market shot up to three listings over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. The median sales price in the 22740 zip code stayed put this week at $307,750. The 22740 zip code is a definite buyer's market, due to a big nine months of inventory left and aided by the flat sales.
Comments:

$575K  
The 22740 zip code has a cost of living adjustment score of 102.0, which is average when compared to others in Virginia. Also, the area is considered affluent with a median income of $55,088 per household. The 22740 zip code is made up of homes that are considered older than most with a median of 41 years.
Comments:

$1.1M  
Sales rose to two homes sold in the 22740 zip code market over the last 30 days. However, a recent downturn in the amount of pending transactions continued, with zero completed in the same period. Prices are falling in the 22740 zip code, and this period the median price of all sales fell from $349,000 to $307,750. Even after the uptick in sales, an elevated eight months of inventory tells us that the 22740 zip code is still a definite buyer's market.
Comments:

$1.1M  
With one home sold in the 22740 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with two new listings for buyers to choose from. Pricing in the 22740 zip code remains consistent from last week to this week, with the median sales price at $349,000 again. Along with flat sales, a relatively high 14 months of inventory indicates that the 22740 zip code is a solid buyer's market.
Comments:

$1.1M  
Home sales in the 22740 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 50.0% to one home sold over the last 30 days. On the other hand, the close-by 22701 zip code registered 40 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped dramatically to $349,000, down from last week's $602,500. The 22740 zip code is a definite buyer's market, thanks to a big 16 months of inventory to choose from and a pullback in sales.
Comments:

$1.1M  
The 22740 zip code market saw sales remain flat this week with two homes sold over the last 30 days and new listings also remain flat at two. The median sales price remained unchanged over the latest reporting period for the 22740 zip code, coming in at $602,500. Along with flat sales, a relatively high eight months of inventory indicates that the 22740 zip code is a strong buyer's market.
Comments:

$1.1M  
More sellers put their homes up for sale in the 22740 zip code market over the last 30 days and the number of new listings climbed this week to two. Home sales remained unchanged from the prior period and once again two homes were sold. Pricing in the 22740 zip code remains consistent from last week to this week, with the median sales price at $602,500 again. The 22740 zip code is a definite buyer's market, due to a big eight months of inventory left and aided by the flat sales.
Comments:

$575K  
22740 is a smaller-than-average zip code in Virginia with 1,324 residents. Also, it has a much lower than average density with 17.1 people per square mile. The 22740 zip code is an area where most people own their homes, with an ownership ratio of 56.9%.
Comments:

$799K  
Sales retained their current pace and came in at two homes sold in the 22740 zip code market over the last 30 days. However, a three-week upward trend for contracts was extended, with two pending transactions in the same time frame. The median sales price remained unchanged over the latest reporting period for the 22740 zip code, coming in at $602,500. Along with flat sales, a relatively high eight months of inventory indicates that the 22740 zip code is a definite buyer's market.
Comments:

$1.1M  
The 22740 zip code market will be heating up, as not only have sales ticked up this week to one home sold over the last 30 days, but there is a new upward trend of new listings, with two going live in the same time frame. Despite the uptick in sales, there are still 15 months of inventory left to work through, meaning the 22740 zip code is still a strong buyer's market.
Comments:
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