$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.
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$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.
Comments:

$124K  
A three-week rough patch for the overall sales trend continues in the 22701 zip code market. Also, the actual number of sales dropped 9.1% over the last 30 days, coming in at 20. Perhaps due to the sales numbers, months of inventory is on an eight-week upswing, this week hitting seven months. The 22701 zip code is still a strong buyer's market, due to the downward trend in sales numbers and the large amount of inventory.
Comments:

$339K  
New listings have increased in the 22701 zip code market, reaching a high that hasn't been seen since November. There were also 21 homes sold over the last 30 days. In comparison, the 22508 zip code had 37 new listings in the same time frame, the most of all nearby zip codes. The median sales price in the 22701 zip code stayed put this week at $235,000. The 22701 zip code is a strong buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
Comments:

$1.6M  
Over the last 30 days, the 22701 zip code market improved with 26 homes sold. To put it in perspective, the close-by 22508 zip code registered 21 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $235,000 over the latest reporting period for the 22701 zip code, down from $237,950.
Comments:

$575K  
The 22701 zip code market remained sluggish with 23 homes sold in the last 30 days, a 14.8% sales drop. Within the same time frame, the 22508 zip code had 22 sales, the most of all zip codes in the area. The median sales price of all transactions in the 22701 zip code did not budge this week, remaining at $239,900.
Comments:

$1.6M  
22701 is a larger than average zip code in Virginia with a population of 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. The top school in the zip code is Emerald Hill Elementary School.
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