$205K  
A six-week rough patch for the overall sales trend continues in the 22715 zip code market, with the number of sales staying even at one over the last 30 days. As sales trended lower, months of inventory rose, trending up for four weeks to 16 months. The downward trend in sales numbers and the high inventory indicate that the 22715 zip code is still a definite buyer's market.
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The 22715 zip code is much younger than the rest of Virginia, with a median age of 45. It's somewhat affluent as well, with a median income of $47,153 per household. Detached homes account for 100% of the area's current housing market.
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$215K  
In this week's report, the number of homes sold in the 22715 zip code market slid to one over the past 30 days. It marked a decrease of 50.0% from last week's report and a fall below the monthly average. Meanwhile, the 22701 zip code reported 40 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $60,000, extending a four-week long spiral. The 22715 zip code is a solid buyer's market, due to falling prices and a large 15 months of inventory left.
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$377K  
The 22715 zip code market may be in for a rebound in the short term, a good sign considering a current four-week downward trend. While two homes were sold over the last 30 days, the number of contracts executed rose to four, the highest amount in three months. When comparing other close-by zip codes within the same period, the most came from the 22701 zip code with 59 contracts executed. The median sales price remained unchanged over the latest reporting period for the 22715 zip code, coming in at $142,500.
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$215K  
Over the last 30 days, two homes were sold in the 22715 zip code market, up 100.0%. However, the market is still in a new 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 dropped dramatically to $142,500 over the latest reporting period for the 22715 zip code, down from $225,000.
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$825K  
The number of sellers who put their homes up for sale in the 22715 zip code market over the last 30 days remained flat this week at three. Home sales also remained unchanged from the prior period and once again one home was sold. The median sales price of all transactions in the 22715 zip code did not budge this week, remaining at $225,000. The 22715 zip code is a definite buyer's market, thanks to a big seven months of inventory to choose from and the flat sales.
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$239K  
With an emerging upward trend of new sellers listing homes, including three over the last 30 days, and sales that have risen to one in that same time frame, the 22715 zip code market will be heating up. The 22715 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of eight months of remaining inventory.
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22715 is a smaller-than-average zip code in Virginia that has seen a 31.1% increase in population over the last 10 years. It also has a total population of 1,547. The 22715 zip code is made up of homes that are relatively old with a median of 32 years.
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$239K  
Typically, 22715 zip code accounts for 1.2 sales per month. This time sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
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$299K  
The number of sellers who put their homes up for sale in the 22715 zip code market over the last 30 days remained flat this week at one. Home sales also remained unchanged from the prior period and once again three homes were sold. The median sales price in the 22715 zip code stayed put this week at $425,000. In spite of flat sales, a low one month of inventory signals that the 22715 zip code is a solid seller's market.
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