22714 is a affluent zip code in Virginia with a median income of $58,509 per household. The population is also considered much older than most with a median age of 38 years. Keep in mind, most people in the 22714 zip code own their homes, with a 59.9% ownership ratio.
Comments:

$304K  
Over the last 30 days, the 22714 zip code market got positive news with two homes sold. It marks a 100.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. To put it in perspective, the close-by 22701 zip code registered 50 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $316,500 over the latest reporting period for the 22714 zip code, down from $389,000.
Comments:

$202K  
The number of homes coming into the 22714 zip code market plummeted to one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price remained unchanged over the latest reporting period for the 22714 zip code, coming in at $389,000. Along with flat sales, a relatively high 12 months of inventory indicates that the 22714 zip code is a definite buyer's market.
Comments:

$202K  
Over the last 30 days, one home was sold in the 22714 zip code market, holding even with last week's numbers. However, the market is still in an emerging downward trend overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price in the 22714 zip code stayed put this week at $389,000. A downturn in sales, coupled with the availability of 12 months of inventory, prove that the 22714 zip code is a definite buyer's market.
Comments:

$275K  
The 22714 zip code market saw two homes go under contract, and failed to break out of an emerging downward trend. The market had total home sales of one over the last 30 days, maintaining last week's pace. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are rising in the 22714 zip code, and the median sales price this period increased from $372,000 to $389,000. The 22714 zip code is a solid buyer's market, due to a downward trend in contracts numbers and nine months of inventory remaining.
Comments:

$275K  
The 22714 zip code market broke below its 12-month average sales volume this week as sales slid 50.0% to hit one home sold over the last 30 days. In comparison, the nearby 22508 zip code had 52 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 22714 zip code, and the median sales price this period increased from $291,000 to $372,000. With decreasing sales and the availability of nine months of inventory, the 22714 zip code is a strong buyer's market.
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22714 is a smaller-than-average zip code in Virginia with 924 residents. Also, it has seen a 15.6% increase in population over the last 10 years. Detached homes account for 100% of the area's current housing market.
Comments:

$2.1M  
Sales dropped to two homes sold over the last 30 days in the 22714 zip code market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to four for the same period. The median sales price rose to $291,000 over the latest reporting period for the 22714 zip code, up from $239,000.
Comments:

$2.1M  
The 22714 zip code market pulled back with a 25.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (1.8) with three homes sold. In comparison, the nearby 22701 zip code had 52 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices went up in the 22714 zip code, with the median for this period rising from $224,500 to $239,000. Despite the slip in sales, a relatively low three months of inventory indicates that the 22714 zip code is a seller's market.
Comments:

$205K  
This week in the 22714 zip code market, sales rose to three homes sold over the last 30 days, which might be due in part to an identifiable upward trend in price reductions, with three being reported in the same time frame. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices went up in the 22714 zip code, with the median for this period rising from $224,500 to $239,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 22714 zip code is a seller's market.
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