$1.8M  
The 22601 zip code market showed continued strength over the last 30 days, extending a three-week growth trend. Sales climbed 3.7% to 28 homes, the most in three months. During the same time frame, 22602 had the most sales of any other neighboring zip codes with 44. The median sales price rose dramatically to $238,500, up from last week's $197,000. With just three months of inventory available and sales going up, the 22601 zip code is a seller's market.
Comments:

22601 is a larger than average zip code in Virginia with 26,953 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 10.8%. The 22601 zip code market almost exclusively consists of detached houses, accounting for 96% of the current homes in the area. The best school in the zip code is John Handley High School.
Comments:

$899K  
Over the last 30 days, the 22601 zip code market looked solid with 24 homes sold. It marks a 20.0% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. In comparison, the nearby 22602 zip code had 38 sales in the same time frame, the most of all neighboring zip codes. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $220,500 this week.
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$319K  
The 22601 zip code market got a lift this week as sales rose to 20 homes sold over the last 30 days to go with a new upward trend of contracts closing, now up to 43. The median sales price dropped to $212,500, potentially helping to offset the four months of inventory left to be sold.
Comments:

$110K  
Sales remained at 19 homes sold over the last 30 days in the 22601 zip code market. Sellers can expect more competition, due to a six-week upward trend in homes coming into the market, now up to 41 for the same period. New listings numbers should rise over the next few weeks as well with all signs pointing to a continuation of the existing trend. While new listing numbers rose, prices dropped. This week's reported median sales price of $237,000 continued a four-week downward trend.
Comments:

$559K  
Sales in the 22601 zip code market rose to 19 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 29, which continues a budding upward trend in price reductions. The median sales price in the 22601 zip code climbed to $237,000 while months of inventory shrunk to four.
Comments:

$120K  
There were 16 homes sold in the 22601 zip code market over the last 30 days, prolonging a six-week trend. With a record 38 contracts executed, the highest amount since December, that trend might be improving. During the same time frame, 22630 had the most contracts executed of any other neighboring zip codes with 51. Furthermore, a six-week downward trend in sales is expected to continue over the coming weeks. The median sales price dropped to $227,750 over the latest reporting period for the 22601 zip code, down from $229,500.
Comments:

$319K  
The population of the 22601 zip code is less affluent than average compared to others in Virginia with a median income of $43,865 per household. It's also considered an expensive zip code in terms of affordability with a cost of living adjustment score of 105.2. Homes in the 22601 zip code are older than most with a median age of 42 years. Heading the list of top schools in the zip code is John Handley High School.
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$295K  
Sales have fallen to 14 homes sold over the last 30 days in the 22601 zip code market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to 37 for the same period. Potential buyers should note that prices went up in the 22601 zip code, with the median for this period rising from $205,000 to $214,250.
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$559K  
The number of price cuts in the 22601 zip code market climbed to 17 over the last 30 days, furthering a new positive trend. Even with the drops in list prices, sales remained the same with 15 homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Even as the number of sellers reducing price trended higher, months of inventory continued to climb, trending upwards for four weeks to reach six months.
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