With 1,933 residents, 22656 is a smaller-than-average zip code in Virginia. Also, with a 6.0% increase over the last 10 years, its population is growing faster than other parts of the state. Homes in the 22656 zip code are of moderate age with a median age of 24 years.
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$199K  
The 22656 zip code market continues to experience a determined weakening, but sales managed an uptick this week of 100.0% to two homes sold over the last 30 days. Prices are falling in the 22656 zip code, and this period the median price of all sales fell from $227,500 to $221,700. Even after the uptick in sales, an elevated 22 months of inventory tells us that the 22656 zip code is still a definite buyer's market.
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$339K  
The 22656 zip code market remained sluggish with one home sold in the last 30 days, a 66.7% sales drop. On the other hand, the close-by 22602 zip code registered 48 homes sold in the same period, the most of all surrounding zip codes. Months of inventory is on an eight-week upswing, this week hitting 40 months. The 22656 zip code is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
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$309K  
In this week's report, the number of homes sold in the 22656 zip code market fell to three over the past 30 days, a decrease of 40.0% from last week's report. In comparison, the nearby 22602 zip code had 49 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 22656 zip code, and this period the median price of all sales fell from $274,900 to $262,000. Along with the slip in sales, a relatively high 13 months of inventory indicates that the 22656 zip code is a definite buyer's market.
Comments:

$199K  
Over the last 30 days, five homes were sold in the 22656 zip code market, down 16.7%. Additionally, the market is still in an established downward trend overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Naturally, as sales trended lower, the amount of available homes increased, reaching a volume of nine months of inventory, its highest point since March. The downward trend in sales numbers and the high inventory indicate that the 22656 zip code is still a definite buyer's market.
Comments:

$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.
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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.
Comments:

$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.
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