$2M  
The 22716 zip code market extended a three-week hot streak this week, even as sales fell to two homes sold 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. The median sales price climbed to $432,000 over the latest reporting period for the 22716 zip code, up from $424,000.
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The population of the 22716 zip code is affluent compared to others in Virginia with a median income of $59,891 per household. It's also considered an expensive zip code in terms of affordability with a cost of living adjustment score of 125.6. The 22716 zip code is made up of homes that are relatively old with a median of 33 years.
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$1.5M  
The number of homes coming into the 22716 zip code market jumped to four listings over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. The median sales price has been increasing as it hit $410,000, extending a four-week long spike. The 22716 zip code is a solid buyer's market, due to the large amount of inventory left and aided by the dip in sales.
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$1.5M  
The 22716 zip code market is currently in the middle of a prolonged upward sales trend, even as sales fell to two homes sold over the last 30 days. The median sales price climbed to $410,000 over the latest reporting period for the 22716 zip code, up from $380,000. The 22716 zip code is a definite buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
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$1.5M  
The number of home sales in the 22716 zip code market rose 50.0% to three homes over the last 30 days, above the 0.8 monthly average. To put it in perspective, the close-by 22701 zip code registered 36 homes sold in the same period, the most of all surrounding zip codes. The median sales price climbed during this period, hitting a three-month high at $380,000.
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$289K  
The 22716 zip code market will be getting less crowded in the coming weeks. Sales rose this week to two homes sold over the last 30 days, and there is a new downward trend in the number of new listings, with two going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Prices are rising in the 22716 zip code, and the median sales price this period increased from $360,000 to $370,000. The 22716 zip code is still a solid buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
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$395K  
The number of homes coming into the 22716 zip code market stayed firm with zero listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. Pricing in the 22716 zip code remains consistent from last week to this week, with the median sales price at $360,000 again. Along with flat sales, a relatively high 14 months of inventory indicates that the 22716 zip code is a definite buyer's market.
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$249K  
22716 is a small zip code in Virginia with 700 residents. Also, it has a lower than average density with 34.8 people per square mile. Keep in mind, most people in the 22716 zip code own their homes, with a 64.0% ownership ratio.
Comments:

$249K  
Over the last 30 days, the 22716 zip code market showed healthy signs with one home sold, topping the average sales volume for the prior 12 months. At the same time, the 22701 zip code reported 28 home sales, the highest number from all the surrounding zip codes. The 22716 zip code is still a strong buyer's market, due to the availability of 14 months of remaining inventory, even after the uptick in sales.
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$189K  
The 22716 zip code market was quiet this week as no sales were reported over the previous 30 days. The 22716 zip code usually averages 0.6 sales per month. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks.
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