$129K  
A three-week rough patch for the overall sales trend continues in the 22824 zip code market, with number of sales staying even at two over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price of all transactions in the 22824 zip code did not budge this week, remaining at $170,950. The 22824 zip code is a solid buyer's market with 20 months of inventory to choose from, aided by the downturn in sales.
Comments:

$319K  
With two homes sold in the 22824 zip code market over the last 30 days, we see no change from last week's numbers. However, nine new listings came into the market. The median sales price of all transactions in the 22824 zip code did not budge this week, remaining at $170,950. Along with flat sales, a relatively high 20 months of inventory indicates that the 22824 zip code is a definite buyer's market.
Comments:

$449K  
22824 is a larger than average zip code in Virginia with a population of 6,009 residents, and it has an average density compared to the rest of the state, with 71.9 people per square mile. Keep in mind, most people in the 22824 zip code own their homes, with a 65.1% ownership ratio.
Comments:

$1.7M  
The number of homes coming into the 22824 zip code market stayed firm with seven 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 22824 zip code stayed put this week at $170,950. The 22824 zip code is a solid buyer's market, due to a big 19 months of inventory left and aided by the flat sales.
Comments:

$2M  
The 22824 zip code market remained cold this week as sales fell 75.0% to land at one home sold over the last 30 days. In comparison, the nearby 22664 zip code had 14 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $149,900, down from last week's $202,950. The 22824 zip code is a strong buyer's market, thanks to a big 38 months of inventory to choose from and a pullback in sales.
Comments:

$3.3M  
This week in the 22824 zip code market, sales fell to four homes sold over the last 30 days, coinciding with a solid downward trend in price reductions, with six in the same time frame. All indications show that the trend should continue, meaning less price reductions over the next few weeks. As the number of sellers reducing prices trended lower, prices went the opposite direction with the median sales price setting a six-month high at $202,950. The 22824 zip code is a strong buyer's market, due to a big 10 months of inventory left and aided by the dip in sales.
Comments:

$1.7M  
The 22824 zip code market reported eight contracts in the last 30 days, the highest amount since July. During the same period, five sales were completed. In comparison, the 22664 zip code had 13 contracts executed in the same time frame, the most of all nearby zip codes. Pricing in the 22824 zip code remains consistent from last week to this week, with the median sales price at $186,000 again. The 22824 zip code is a solid buyer's market, due to a big eight months of inventory left and aided by the flat sales.
Comments:

$699K  
The number of homes coming into the 22824 zip code market fell to seven listings over the last 30 days, while sales remained right where they were as once again five homes were sold over the same period. The median sales price of all transactions in the 22824 zip code did not budge this week, remaining at $186,000. With no movement in sales and the availability of eight months of inventory, the 22824 zip code is a strong buyer's market.
Comments:

$298K  
The 22824 zip code has a younger population than other areas in Virginia with a median age of 43 years. It is also somewhat affluent with a median income of $52,016 per household. Detached homes account for 100% of the area's current housing market.
Comments:

$1.7M  
Sales inched up in the 22824 zip code market to four 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 three. The median sales price climbed to $202,950 over the latest reporting period for the 22824 zip code, up from $186,250. Even after the uptick in sales, an elevated 10 months of inventory tells us that the 22824 zip code is still a strong buyer's market.
Comments:
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