$119K  
Over the last 30 days, two homes were sold in the 22844 zip code market, up 100.0%. However, the market is still in a recent downward trend overall. Potential buyers should note that prices went up in the 22844 zip code, with the median for this period rising from $147,500 to $215,000. Even after the uptick in sales, an elevated 15 months of inventory tells us that the 22844 zip code is still a solid buyer's market.
Comments:

$159K  
With 4,423 residents, 22844 is an average-sized 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 22844 zip code market is almost exclusively made up of detached homes, currently accounting for 100% overall.
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$249K  
This week in the 22844 zip code market, sales fell to one home sold over the last 30 days, even as it endures a budding upward trend in price reductions, with 12 reported in the same time frame. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices went up in the 22844 zip code, with the median for this period rising from $146,500 to $147,500. With decreasing sales and the availability of 31 months of inventory, the 22844 zip code is a definite buyer's market.
Comments:

$269K  
The 22844 zip code market stayed soft with three homes sold in the last 30 days, a 25.0% sales drop. Within the same time frame, the 22835 zip code had 16 sales, the most of all zip codes in the area. The median sales price dropped to $146,500, down from last week's $147,000. With decreasing sales and the availability of 11 months of inventory, the 22844 zip code is a definite buyer's market.
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$499K  
The 22844 zip code market pulled back with a 33.3% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 4.4 monthly average with four homes sold. Within the same time frame, the 22835 zip code had 14 sales, the most of all zip codes in the area. The median sales price dropped to $147,000 over the latest reporting period for the 22844 zip code, down from $163,700. The 22844 zip code is a definite buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
Comments:

$249K  
The number of sellers reducing prices in the 22844 zip code market trended up to 12 over the last 30 days, extending a three-week streak. During the same period, six sales were completed. The median sales price dropped to $163,700, down from last week's $179,900.
Comments:

$319K  
The 22844 zip code market warmed up this week as sales climbed 20.0% to hit six homes sold over the last 30 days. Within the same time frame, the 22835 zip code had 10 sales, the most of all zip codes in the area. The median sales price dropped to $183,950 over the latest reporting period for the 22844 zip code, down from $188,000.
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$335K  
22844 is a zip code in Virginia. It's somewhat affluent and the cost of living is expensive compared to the rest of the state, with a median income of $49,919 per household and cost of living adjustment score of 109.1. Homes in the 22844 zip code are relatively old with a median age of 31 years.
Comments:

$2M  
Over the last 30 days, a new upward trend of new sellers coming into the 22844 zip code market continued, with six listings in this week's report. Meanwhile, sales have dropped, with five homes selling during the same period. All indications show that the trend should continue, meaning more new listings over the next few weeks. While new seller numbers were strong, the median sales price of homes sold came in at $188,000, which extended a price upswing to four weeks.
Comments:

$123K  
Over the last 30 days, seven homes were sold in the 22844 zip code market, up 40.0%. However, the market is still in a confirmed downward trend 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 rose to $200,000, and there are a fairly average four months of inventory left to be sold.
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Washington NewStar Realty & Investment
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Coldwell Banker Premier Properties
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