$549K  
The 22842 zip code market recorded nine home sales over the last 30 days. Also, a record low four new listings came into the market, the fewest since September. During the same time frame, 22664 had the most of any other neighboring zip codes with nine new listings. The median sales price dropped to $135,000 over the latest reporting period for the 22842 zip code, down from $161,750. The 22842 zip code is still a definite buyer's market, even after the decrease in new listings, due to the large eight months of inventory left.
Comments:

$549K  
The 22842 zip code market was highly active this week as sales rocketed 25.0% to hit 10 homes sold over the last 30 days. To put it in perspective, the close-by 22835 zip code registered seven homes sold in the same period, the most of all surrounding zip codes. The median sales price in the 22842 zip code stayed put this week at $161,750. Even after the uptick in sales, an elevated eight months of inventory tells us that the 22842 zip code is still a definite buyer's market.
Comments:

$122K  
On top of a 22.2% dip in sales numbers this week to land at seven homes sold over the last 30 days, the 22842 zip code market still shows a confirmed trend downward overall. All indications show that the trend should continue, meaning less sales over the next few weeks. The median sales price dropped to $168,500 over the latest reporting period for the 22842 zip code, down from $194,900. The 22842 zip code is a definite buyer's market, due to a downward trend in sales numbers and 11 months of inventory remaining.
Comments:

$167K  
Over the last 30 days, the 22842 zip code market looked active with nine homes sold, a 28.6% increase from last week's report. Within the same time frame, the 22664 zip code had 13 sales, the most of all zip codes in the area. The median sales price of all transactions in the 22842 zip code did not budge this week, remaining at $194,900. The 22842 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:

$199K  
The 22842 zip code market saw eight homes go under contract and failed to break out of an established downward trend. Despite that, total home sales ticked up to six over the last 30 days. Potential buyers should note that prices are coming down in the 22842 zip code, and for this period the median sales price slid from $199,000 to $196,950. Despite the uptick in sales, there are still 13 months of inventory left to work through, meaning the 22842 zip code is still a strong buyer's market.
Comments:

$175K  
With 5,611 residents, 22842 is a larger than average zip code in Virginia. Also, with a 14.4% increase over the last 10 years, its population is growing faster than other parts of the state. The 22842 zip code is made up of homes that are relatively old with a median of 33 years.
Comments:

$385K  
In this week's report, the number of homes sold in the 22842 zip code market fell to five over the past 30 days. It marked a decrease of 37.5% from last week's report and a fall below the monthly average. On the other hand, the close-by 22664 zip code registered 12 homes sold in the same period, the most of all surrounding zip codes. The median sales price climbed to $199,000, up from last week's $192,000. The 22842 zip code is a solid buyer's market, thanks to a big 17 months of inventory to choose from and a pullback in sales.
Comments:

$299K  
The 22842 zip code market slowed with a 22.2% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (6.4) with seven homes sold. On the other hand, the close-by 22664 zip code registered 13 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices are coming down in the 22842 zip code, and for this period the median sales price slid from $249,000 to $185,000. With decreasing sales and the availability of 12 months of inventory, the 22842 zip code is a solid buyer's market.
Comments:

$2.6M  
The 22842 zip code market saw sales dip 10.0% this week but it is currently in the midst of a budding upward sales trend, including nine homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Prices are rising in the 22842 zip code, and the median sales price this period increased from $212,000 to $249,000. With decreasing sales and the availability of nine months of inventory, the 22842 zip code is a strong buyer's market.
Comments:

$2.6M  
The number of home sales in the 22842 zip code market climbed 11.1% to 10 homes over the last 30 days. In comparison, the nearby 22664 zip code had 13 sales in the same time frame, the most of all neighboring zip codes. Prices were able to climb as this week's reported median sales price of $212,000 continued an eight-week upswing. Even with rising prices, a high eight months of inventory remaining tells us that the 22842 zip code is still a strong buyer's market.
Comments:
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