$2.2M  
Over the last 30 days, the sale of four homes took place in the 22520 zip code market. This shows a 20.0% decline from the prior period but the area remains on a confirmed upward trend. 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 22520 zip code, and the median sales price this period increased from $224,900 to $232,450. The 22520 zip code is a solid buyer's market, due to a big 27 months of inventory left and aided by the dip in sales.
Comments:

$104K  
With five homes sold in the 22520 zip code market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 21 new listings for buyers to choose from. The median sales price continued to fall, trending downwards for four weeks to reach $224,900. Along with the falling prices, the relatively large 20 months of inventory means that the 22520 zip code is a definite buyer's market.
Comments:

$2.2M  
The 22520 zip code market pulled back with a 16.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (4.7) with five homes sold. Meanwhile, the 22485 zip code reported 31 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $224,900, up from last week's $190,450. With decreasing sales and the availability of 20 months of inventory, the 22520 zip code is a definite buyer's market.
Comments:

22520 is a zip code in Virginia. It's somewhat affluent and the cost of living is average compared to the rest of the state, with a median income of $51,561 per household and cost of living adjustment score of 103.0. The 22520 zip code is made up of homes that are considered relatively old with a median of 32 years. Topping the list of best schools in the zip code is Montross Middle School.
Comments:

$2.2M  
Over the last 30 days, an identifiable downward trend of new sellers coming into the 22520 zip code market continued, with 20 listings in this week's report. Meanwhile, sales rose, with six homes selling during the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Prices are rising in the 22520 zip code, and the median sales price this period increased from $171,500 to $190,450. The 22520 zip code is still a definite buyer's market, due to the availability of 16 months of remaining inventory, even after the uptick in sales.
Comments:

$499K  
The 22520 zip code market closed in on its 12-month sales average this week with four homes sold over the last 30 days. In comparison, the nearby 22485 zip code had 27 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 22520 zip code, coming in at $171,500. Even after the uptick in sales, an elevated 22 months of inventory tells us that the 22520 zip code is still a definite buyer's market.
Comments:

$499K  
The 22520 zip code market stayed sluggish this week as sales slid 50.0% to land at two homes sold over the last 30 days. Meanwhile, the 22485 zip code reported 31 home sales, the highest number from all the surrounding zip codes. Pricing in the 22520 zip code remains consistent from last week to this week, with the median sales price at $171,500 again. The 22520 zip code is a strong buyer's market, thanks to a big 40 months of inventory to choose from and a pullback in sales.
Comments:

$699K  
The 22520 zip code market closed in on its 12-month sales average this week with four homes sold over the last 30 days. At the same time, the 22485 zip code reported 32 home sales, the highest number from all the surrounding zip codes. Months of inventory is on a four-week upswing, this week hitting 18 months. The 22520 zip code is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of such a large amount of remaining inventory.
Comments:

22520 is a larger than average zip code in Virginia with a population of 5,331 residents, and it has a lower than average density compared to the rest of the state, with 57.6 people per square mile. With an ownership ratio of 53.6%, most people in the 22520 zip code are homeowners. The best school in the zip code is Montross Middle School.
Comments:

$2.2M  
The 22520 zip code market pulled back with a 60.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 4.8 monthly average with two homes sold. Meanwhile, the 22485 zip code reported 36 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $193,500 over the latest reporting period for the 22520 zip code, down from $240,000. Along with the slip in sales, a relatively high 31 months of inventory indicates that the 22520 zip code is a solid buyer's market.
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