$369K  
22637 is a zip code in Virginia. It's affluent and the cost of living is expensive compared to the rest of the state, with a median income of $57,096 per household and cost of living adjustment score of 103.5. Homes in the 22637 zip code are relatively old with a median age of 27 years.
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$249K  
Over the last 30 days, the 22637 zip code market picked up with two homes sold. To put it in perspective, the close-by 25427 zip code registered 23 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 22637 zip code, and this period the median price of all sales fell from $387,500 to $293,700. Even after the uptick in sales, an elevated eight months of inventory tells us that the 22637 zip code is still a definite buyer's market.
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$278K  
Sales have fallen to one home sold over the last 30 days in the 22637 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 four for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price climbed to $387,500 over the latest reporting period for the 22637 zip code, up from $328,250. The 22637 zip code is a definite buyer's market, due to a big 15 months of inventory left and aided by the dip in sales.
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$399K  
The 22637 zip code market improved this week with two homes sold over the last 30 days. To put it in perspective, the close-by 22602 zip code registered 29 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose dramatically to $328,250, up from last week's $269,000. The 22637 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of eight months of remaining inventory.
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$299K  
In this week's report, the number of homes sold in the 22637 zip code market plummeted to one over the past 30 days. It marked a decrease of 80.0% from last week's report and a fall below the monthly average. Meanwhile, the 22602 zip code reported 30 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $269,000, up from last week's $268,000. Along with the slip in sales, a relatively high 16 months of inventory indicates that the 22637 zip code is a strong buyer's market.
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$499K  
The number of price cuts in the 22637 zip code market climbed to two over the last 30 days, furthering a new positive trend. Despite drops in list prices, sales also decreased to five homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price dropped to $268,000, down from last week's $268,500. There are only three months of inventory available in the 22637 zip code, so it's a seller's market, even with the decrease in sales.
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$450K  
22637 is a smaller-than-average zip code in Virginia with 1,936 residents. Also, it has a lower than average density with 47.5 people per square mile. Keep in mind, most people in the 22637 zip code own their homes, with a 71.8% ownership ratio.
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$295K  
More sellers put their homes up for sale in the 22637 zip code market over the last 30 days and the number of new listings rose this week to four. Home sales remained unchanged from the prior period and once again six homes were sold. The median sales price dropped to $268,500, down from last week's $314,000. There are only three months of inventory available in the 22637 zip code, so it's a seller's market, even if sales are flat.
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$450K  
The number of homes coming into the 22637 zip code market climbed to two listings over the last 30 days, while sales remained right where they were as once again six homes were sold over the same period. The median sales price of all transactions in the 22637 zip code did not budge this week, remaining at $314,000. Despite the flat sales, a relatively low three months of inventory remaining indicates that the 22637 zip code is a seller's market.
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$450K  
Over the last 30 days, the 22637 zip code market looked solid with six 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. At the same time, the 22601 zip code reported 22 home sales, the highest number from all the surrounding zip codes. The median sales price dropped dramatically to $314,000, down from last week's $455,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 22637 zip code is a seller's market.
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