$434K  
The 22624 zip code market broke below its 12-month average sales volume this week as sales slid 33.3% to hit two homes sold over the last 30 days. Within the same time frame, the 22602 zip code had 37 sales, the most of all zip codes in the area. The median sales price rose to $388,500 over the latest reporting period for the 22624 zip code, up from $358,000. The 22624 zip code is a strong buyer's market, thanks to a big 22 months of inventory to choose from and a pullback in sales.
Comments:

With 2,658 residents, 22624 is an average-sized zip code in Virginia. Also, with a 24.7% increase over the last 10 years, its population is growing faster than other parts of the state. Keep in mind, the vast majority of people in the 22624 zip code own their homes, with an 82.0% ownership ratio. Topping the list of best schools in the zip code is Stonewall Elementary School.
Comments:

$434K  
The 22624 zip code market saw four homes go under contract and failed to break out of a solid downward trend. Along with that, total home sales dropped to three over the last 30 days. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price rose to $358,000, up from last week's $328,500. The 22624 zip code is a definite buyer's market, due to a downward trend in contracts numbers and 14 months of inventory remaining.
Comments:

$1.1M  
Despite a 33.3% reduction in sales over the last 30 days, the 22624 zip code market extended a three-week hot streak with a total of four homes sold in that span. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Potential buyers should note that prices went up in the 22624 zip code, with the median for this period rising from $269,450 to $328,500. With decreasing sales and the availability of 11 months of inventory, the 22624 zip code is a solid buyer's market.
Comments:

$429K  
The 22624 zip code market looked busy in this week's report, as the number of home sales climbed 20.0%, pushing the total to six homes sold over the last 30 days. In comparison, the nearby 22602 zip code had 52 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 22624 zip code, and the median sales price this period increased from $239,900 to $269,450. The 22624 zip code is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:

$549K  
Sales remained steady from last week to this week, with four homes sold in the 22624 zip code market over the last 30 days. However, an identifiable downturn in the number of pending transactions continued, with three completed in the same period. The median sales price remained unchanged over the latest reporting period for the 22624 zip code, coming in at $269,450. With a downward trend in contracts numbers and 11 months of inventory still left to work through, the 22624 zip code is a definite buyer's market.
Comments:

$179K  
The number of sellers who put their homes up for sale in the 22624 zip code market over the last 30 days remained flat this week at zero. Home sales also remained unchanged from the prior period and once again four homes were sold. The median sales price rose dramatically to $269,450 over the latest reporting period for the 22624 zip code, up from $159,950. The 22624 zip code is a definite buyer's market, thanks to a big 11 months of inventory to choose from and the flat sales.
Comments:

$549K  
Over the last 30 days, the 22624 zip code market got good news with three homes sold. It marks a 200.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. Within the same time frame, the 22602 zip code had 49 sales, the most of all zip codes in the area. Potential buyers should note that prices went up in the 22624 zip code, with the median for this period rising from $80,000 to $239,900. The 22624 zip code is still a solid buyer's market, due to the availability of 15 months of remaining inventory, even after the uptick in sales.
Comments:

The population of the 22624 zip code is affluent compared to others in Virginia with a median income of $56,230 per household. It's also considered an expensive zip code in terms of affordability with a cost of living adjustment score of 112.3. Homes in the 22624 zip code are relatively old with a median age of 26 years. Heading the list of top schools in the zip code is Stonewall Elementary School.
Comments:

$429K  
Home sales in the 22624 zip code market remained soft in this week's report as they dropped 50.0% to one home sold over the last 30 days. Meanwhile, the 22602 zip code reported 48 home sales, the highest number from all the surrounding zip codes. The median sales price dropped dramatically to $80,000 over the latest reporting period for the 22624 zip code, down from $275,000. The 22624 zip code is a definite buyer's market, thanks to a big 43 months of inventory to choose from and a pullback in sales.
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