$439K  
In this week's report, the number of homes sold in the 22824 zip code market fell to four over the past 30 days. It marked a decrease of 33.3% from last week's report and a fall below the monthly average. On the other hand, the close-by 22664 zip code registered nine homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $167,750 over the latest reporting period for the 22824 zip code, down from $184,250. Along with the slip in sales, a relatively high 10 months of inventory indicates that the 22824 zip code is a strong buyer's market.
Comments:

$290K  
More sellers put their homes up for sale in the 22824 zip code market over the last 30 days and the number of new listings shot up this week to nine. Home sales remained unchanged from the prior period and once again six homes were sold. The median sales price remained unchanged over the latest reporting period for the 22824 zip code, coming in at $184,250.
Comments:

$2.2M  
While home sales in the 22824 zip code market have been above average, in this week's report they slid 14.3% to six homes sold over the last 30 days. Within the same time frame, the 22664 zip code had 12 sales, the most of all zip codes in the area. The median sales price rose to $184,250 over the latest reporting period for the 22824 zip code, up from $174,000. Along with the slip in sales, a relatively high seven months of inventory indicates that the 22824 zip code is a solid buyer's market.
Comments:

$298K  
With 6,009 residents, 22824 is a larger than average zip code in Virginia. Also, with 71.9 people per square mile, it has an average density in comparison to other parts of the state. Keep in mind, most people in the 22824 zip code own their homes, with a 65.1% ownership ratio.
Comments:

$144K  
The number of home sales in the 22824 zip code market jumped 40.0% to seven homes over the last 30 days, exceeding the 5.7 monthly average for the last 12 months. In comparison, the nearby 22835 zip code had 16 sales in the same time frame, the most of all neighboring zip codes. The median sales price remained unchanged over the latest reporting period for the 22824 zip code, coming in at $174,000.
Comments:

$114K  
Despite a 66.7% increase in sales numbers this week to reach five homes sold over the last 30 days, the 22824 zip code market still shows a new trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price climbed to $174,000 over the latest reporting period for the 22824 zip code, up from $149,000. The 22824 zip code is still a strong buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
Comments:

$3.3M  
This week in the 22824 zip code market, sales fell to two homes sold over the last 30 days, even as it endures a confirmed upward trend in price reductions, with 12 reported in the same time frame. Prices are rising in the 22824 zip code, and the median sales price this period increased from $146,000 to $150,000. With decreasing sales and the availability of 19 months of inventory, the 22824 zip code is a solid buyer's market.
Comments:

$599K  
The 22824 zip code market remained sluggish with three homes sold in the last 30 days, a 25.0% sales drop. Meanwhile, the 22664 zip code reported 12 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices went up in the 22824 zip code, with the median for this period rising from $123,000 to $146,000. Along with the slip in sales, a relatively high 13 months of inventory indicates that the 22824 zip code is a solid buyer's market.
Comments:

$298K  
The number of homes coming into the 22824 zip code market spiked to nine listings over the last 30 days, while sales remained right where they were as once again four homes were sold over the same period. The median sales price tumbled to $123,000, down from last week's $178,000. The 22824 zip code is a definite buyer's market, due to a big 10 months of inventory left and aided by the flat sales.
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:
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Funkhouser Real Estate Group
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