22551 Zip Code Real Estate Market Sees Home Sales Decline

Home sales in the 22551 zip code market remained cold in this week's report as they fell 33.3% to 18 homes sold over the last 30 days. On the other hand, the close-by 22407 zip code registered 46 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $248,450, down from last week's $294,400. Along with the slip in sales, a relatively high seven months of inventory indicates that the 22551 zip code is a solid buyer's market.

Still haven't found the right home in the 22551 zip code? One of these new listings could end the search:

$499K   $179K   $637K  

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Demographic facts for the 22551 zip code:

  • 77.4% of the people living here own their homes.
  • The one-year job growth rate in this area is 2.11%.
  • The student-to-teacher ratio is 13.7:1. (15.3:1 = national average)

Data reported through 1/11/2017

Comments:

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The Bacon Group Incorporated
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