$249K  
With a determined downward trend of new sellers listing homes, including one over the last 30 days, and sales that dropped to two in that same time frame, the 22740 zip code market will be slowing down. The median sales price dropped to $202,500 over the latest reporting period for the 22740 zip code, down from $275,000.
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$1.2M  
In this week's report, the number of homes sold in the 22740 zip code market fell to four over the past 30 days, a decrease of 20.0% from last week's report, but still above the monthly average. On the other hand, the close-by 22701 zip code registered 24 homes sold in the same period, the most of all surrounding zip codes. The median sales price continued to rise, trending upwards for four weeks to reach $275,000. Despite the slip in sales, a relatively low three months of inventory indicates that the 22740 zip code is a seller's market.
Comments:

$130K  
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:

$1.2M  
The 22740 zip code market is currently in the middle of a prolonged upward sales trend, extended as sales rose to five homes sold over the last 30 days. The median sales price dropped to $320,000, down from last week's $410,000. With only three months of inventory and rising sales, the 22740 zip code is a seller's market.
Comments:

$318K  
Sales stayed firm at four homes sold over the last 30 days in the 22740 zip code market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to zero for the same period. The median sales price stayed flat at $410,000, and there are a fairly average four months of inventory left to be sold.
Comments:

$875K  
Over the last 30 days, the 22740 zip code market looked active with four homes sold, a 100.0% increase from last week's report. In comparison, the nearby 22701 zip code had 43 sales in the same time frame, the most of all neighboring zip codes. Prices are coming down in the 22740 zip code, as the median sales price dropped to $410,000, while months of inventory also plummeted to four.
Comments:

$499K  
The number of home sales in the 22740 zip code market rose 100.0% to two homes over the last 30 days, exceeding the 1.7 monthly average for the last 12 months. In comparison, the nearby 22701 zip code had 43 sales in the same time frame, the most of all neighboring zip codes. The median sales price rose dramatically to $495,000 over the latest reporting period for the 22740 zip code, up from $240,000. The 22740 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of eight months of remaining inventory.
Comments:

$795K  
The 22740 zip code market improved this week with one home sold over the last 30 days. To put it in perspective, the close-by 22701 zip code registered 32 homes sold in the same period, the most of all surrounding zip codes. The 22740 zip code is still a definite buyer's market, due to the availability of 17 months of remaining inventory, even after the uptick in sales.
Comments:

$328K  
Yet again, no deals were completed in the 22740 zip code market over the last 30 days. The 22740 zip code is used to having 1.7 sales per month.
Comments:

$209K  
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. With a median age of 41 years, homes in the 22740 zip code tend to be older than most.
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