$449K  
In this week's report, the number of homes sold in the 22701 zip code market fell to 46 over the past 30 days, a decrease of 2.1% from last week's report, but still above the monthly average. Within the same time frame, the 22508 zip code had 33 sales, the most of all zip codes in the area. Months of inventory continued to climb, hitting a three-month high at six months.
Comments:

$1.3M  
The 22701 zip code market broke below its 12-month average sales volume this week as sales dropped 14.9% to hit 40 homes sold over the last 30 days. Within the same time frame, the 22508 zip code had 40 sales, the most of all zip codes in the area. The median sales price rose to $282,000 over the latest reporting period for the 22701 zip code, up from $267,000.
Comments:

22701 is a larger than average zip code in Virginia with 31,912 residents. Also, it has a higher than average density with 186.0 people per square mile. With an ownership ratio of 60.2%, most people in the 22701 zip code are homeowners. Heading the list of top schools in the zip code is Emerald Hill Elementary School.
Comments:

$2.8M  
The 22701 zip code market saw 45 more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since September at 60. When comparing other close-by zip codes within the same period, the most came from the 22508 zip code with 63 price reductions. The median sales price dropped to $267,000 over the latest reporting period for the 22701 zip code, down from $270,000.
Comments:

$355K  
The 22701 zip code market slowed this week but was still better than normal as sales slid 12.1% to 51 homes sold over the last 30 days. Within the same time frame, the 22508 zip code had 35 sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 22701 zip code, and for this period the median sales price slid from $284,500 to $270,000.
Comments:

$1.6M  
While home sales in the 22701 zip code market have been above average, in this week's report they slid 5.2% to 55 homes sold over the last 30 days. Meanwhile, the 22508 zip code reported 45 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $284,000, potentially helping to offset the four months of inventory left to be sold.
Comments:

$2.8M  
This week in the 22701 zip code market, sales inched up to 56 homes sold over the last 30 days, which might be due in part to a recent upward trend in price reductions, with 42 being reported in the same time frame. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $284,500 this week.
Comments:

$2.8M  
The 22701 zip code market saw sales spike 16.7% and it is currently in the midst of a prolonged upward sales trend, including 49 homes sold over the last 30 days. All indications show that the trend should continue, meaning more sales over the next few weeks. Potential buyers should take note that the median sales price in the 22701 zip code rose to $277,000 and that there are four months of inventory still available.
Comments:

The 22701 zip code has a much older population than other areas in Virginia with a median age of 36 years. It is also affluent with a median income of $57,421 per household. The 22701 zip code market is almost exclusively made up of detached homes, currently accounting for 97% overall. The top school in the zip code is Emerald Hill Elementary School.
Comments:

$2.8M  
Fewer sellers put their homes up for sale in the 22701 zip code market over the last 30 days and the number of new listings fell this week to 57. Home sales remained unchanged from the prior period and once again 41 homes were sold. The median sales price has been increasing as it hit $257,000, extending a four-week long spike.
Comments:
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