$199K  
The 22656 zip code market broke below its 12-month average sales volume this week as sales dropped 25.0% to hit six homes sold over the last 30 days. Meanwhile, the 22602 zip code reported 53 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $281,950 over the latest reporting period for the 22656 zip code, down from $309,500. The 22656 zip code is a strong buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
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$525K  
This week in the 22656 zip code market, sales rose to eight homes sold over the last 30 days, which might be due in part to an identifiable upward trend in price reductions, with 11 being reported in the same time frame. While price reduction numbers were strong, the median sales price of homes sold came in at $309,500, which extended a price upswing to four weeks.
Comments:

The 22656 zip code is a zip code in Virginia with a median income of $55,005 per household. Besides being affluent, its population is younger than others with a median age of 44 years. The 22656 zip code market is primarily made up of detached houses, which currently account for 84% of the homes for sale in the area.
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$199K  
The 22656 zip code market may be experiencing a prolonged pullback, but sales managed an uptick this week of 40.0% to seven homes sold over the last 30 days. The median sales price dropped to $330,000 over the latest reporting period for the 22656 zip code, down from $353,500.
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$364K  
With home sales in the 22656 zip code market already below average, in this week's report they slid 16.7% to five homes sold over the last 30 days. Within the same time frame, the 22602 zip code had 39 sales, the most of all zip codes in the area. Prices are rising in the 22656 zip code, and the median sales price this period increased from $315,750 to $353,500. With decreasing sales and the availability of eight months of inventory, the 22656 zip code is a strong buyer's market.
Comments:

$525K  
The 22656 zip code market saw six homes go under contract and failed to break out of a confirmed downward trend. Despite that, total home sales rose to six 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. However, at the same time that contracts trended lower, the average selling price hit a milestone at $315,750, a three-month high.
Comments:

$534K  
In this week's report, the number of homes sold in the 22656 zip code market slid to five over the past 30 days. It marked a decrease of 16.7% from last week's report and another period below the monthly average. Meanwhile, the 22601 zip code reported 42 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $278,000, down from last week's $304,750. Along with the slip in sales, a relatively high seven months of inventory indicates that the 22656 zip code is a strong buyer's market.
Comments:

$414K  
In this week's report, the number of homes sold in the 22656 zip code market fell to six over the past 30 days. It marked a decrease of 25.0% from last week's report and a fall below the monthly average. Meanwhile, the 22655 zip code reported 43 home sales, the highest number from all the surrounding zip codes. Prices are rising in the 22656 zip code, and the median sales price this period increased from $264,500 to $304,750.
Comments:

The population of the 22656 zip code is growing faster than the rest of Virginia, at a 10-year growth rate of 6.0%. It's a smaller-than-average zip code compared to the rest of the state, with 1,933 residents. The 22656 zip code is made up of homes that are considered of moderate age with a median of 24 years.
Comments:

$534K  
The 22656 zip code market saw sales rise 8.3% and it is currently in the midst of a confirmed upward sales trend, including 13 homes sold over the last 30 days. The median sales price climbed to $279,500 over the latest reporting period for the 22656 zip code, up from $274,000. The higher trending sales numbers and the fact that there are a lower-than-normal three months of inventory to work through indicate that the 22656 zip code is a seller's market.
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