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. Detached homes account for 96% of the area's current housing market. The best school in the zip code is Emerald Hill Elementary School.
Comments:

$2.8M  
In this week's report, the number of homes sold in the 22701 zip code market slid to 44 over the past 30 days, a decrease of 13.7% from last week's report, but still above the monthly average. Meanwhile, the 22508 zip code reported 52 home sales, the highest number from all the surrounding zip codes. Prices are rising in the 22701 zip code, and the median sales price this period increased from $269,000 to $302,495.
Comments:

$475K  
The 22701 zip code market pulled back with a 13.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (43.6) with 47 homes sold. On the other hand, the close-by 22508 zip code registered 42 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $269,000, down from last week's $272,000.
Comments:

$115K  
The number of home sales in the 22701 zip code market rose 4.0% to 52 homes over the last 30 days. To put it in perspective, the close-by 22508 zip code registered 43 homes sold in the same period, the most of all surrounding zip codes. The median sales price continued to fall, trending downwards for four weeks to reach $263,500.
Comments:

$2.8M  
The 22701 zip code market reported 69 contracts in the last 30 days, the highest amount since March. During the same period, 47 sales were completed. During the same time frame, 22508 had the most contracts executed of any other neighboring zip codes with 70. However, a nine-week upward trend in price reductions is expected to continue over the coming weeks. The median sales price rose to $275,000 over the latest reporting period for the 22701 zip code, up from $268,000.
Comments:

$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.
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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.
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