$2.8M  
The 22701 zip code market is enjoying an established upward trend, even as sales fell 2.6% this week to 38 homes over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Potential buyers should take note that the median sales price in the 22701 zip code rose to $253,000 and that there are four months of inventory still available.
Comments:

$180K  
This week in the 22701 zip code market, sales fell to 34 homes sold over the last 30 days, coinciding with a new downward trend in price reductions, with 25 in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price dropped to $252,500, down from last week's $260,950.
Comments:

$1.6M  
With 31,912 residents, 22701 is a larger than average zip code in Virginia. Also, with 186.0 people per square mile, it has a higher than average density in comparison to other parts of the state. The 22701 zip code is an area where most people own their homes, with an ownership ratio of 60.2%. Topping the list of best schools in the zip code is Emerald Hill Elementary School.
Comments:

$429K  
In this week's report, the number of homes sold in the 22701 zip code market slid to 36 over the past 30 days. It marked a decrease of 2.7% from last week's report and another period below the monthly average. In comparison, the nearby 22508 zip code had 29 sales in the same time frame, the most of all neighboring zip codes. A months of inventory number of four reported this week continued a four-week downward trend.
Comments:

$2.8M  
The 22701 zip code market has established a new upward trend, even as sales fell 5.3% this week to 36 homes over the last 30 days. Potential buyers should take note that the median sales price in the 22701 zip code rose to $276,500 and that there are four months of inventory still available.
Comments:

$1.6M  
Over the last 30 days, the 22701 zip code market showed strong improvement with 38 homes sold. It marks a 15.2% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. In comparison, the nearby 22508 zip code had 26 sales in the same time frame, the most of all neighboring zip codes. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $249,500 this week.
Comments:

$1.6M  
The 22701 zip code market closed in on its 12-month sales average this week with 33 homes sold over the last 30 days. To put it in perspective, the close-by 22508 zip code registered 26 homes sold in the same period, the most of all surrounding zip codes. The median sales price in the 22701 zip code climbed to $225,000 while months of inventory was flat at four.
Comments:

$1.3M  
Over the last 30 days, the 22701 zip code market showed healthy signs with 28 homes sold, a 12.0% increase from last week's report. Within the same time frame, the 22508 zip code had 24 sales, the most of all zip codes in the area. Prices are rising in the 22701 zip code, and the median sales price this period increased from $199,900 to $220,500.
Comments:

$1.6M  
The 22701 zip code is much older than the rest of Virginia, with a median age of 36. It's affluent as well, 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 96% overall. The best school in the zip code is Emerald Hill Elementary School.
Comments:

$124K  
The number of price cuts in the 22701 zip code market climbed to 31 over the last 30 days, furthering a new positive trend. Even with the drops in list prices, sales remained the same with 20 homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. As might be expected, as the number of sellers reducing price trended higher, the median sales price continued to fall, trending downwards for four weeks to reach $207,450. With prices falling, the availability of seven months of inventory means that the 22701 zip code is a solid buyer's market.
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