$460K  
The 22724 zip code market saw sales remain flat this week with six homes sold over the last 30 days, while new listings shot up to four. The median sales price in the 22724 zip code stayed put this week at $432,500. There are only two months of inventory available in the 22724 zip code, so it's a definite seller's market, even if sales are flat.
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$457K  
The 22724 zip code market saw sales remain flat this week with six homes sold over the last 30 days but new listings fell to three. The median sales price remained unchanged over the latest reporting period for the 22724 zip code, coming in at $432,500. Despite the flat sales, a relatively low two months of inventory remaining indicates that the 22724 zip code is a definite seller's market.
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$585K  
The number of home sales in the 22724 zip code market spiked 400.0% to five homes over the last 30 days, exceeding the 2.8 monthly average for the last 12 months. Within the same time frame, the 22701 zip code had 52 sales, the most of all zip codes in the area. The amount of available homes decreased, falling to three months worth of inventory, its lowest point since April. The increase in sales and the low inventory drive home the fact that the 22724 zip code is a seller's market.
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$585K  
The 22724 zip code market pulled back with a 66.7% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 2.8 monthly average with one home sold. On the other hand, the close-by 22701 zip code registered 47 homes sold in the same period, the most of all surrounding zip codes. The median sales price remained unchanged over the latest reporting period for the 22724 zip code, coming in at $276,250. The 22724 zip code is a solid buyer's market, due to a big 16 months of inventory left and aided by the dip in sales.
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22724 is an average-sized zip code in Virginia with 2,084 residents. Also, it has seen a 37.4% increase in population over the last 10 years. The 22724 zip code market is almost exclusively made up of detached homes, currently accounting for 100% overall.
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$585K  
The 22724 zip code market looked solid in this week's report, as the number of home sales rose 50.0%, pushing the total to three homes sold over the last 30 days. In comparison, the nearby 22701 zip code had 46 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 22724 zip code, and for this period the median sales price slid from $312,449 to $276,250.
Comments:

$585K  
Sales retained their current pace and came in at two homes sold in the 22724 zip code market over the last 30 days. However, a six-week upward trend for contracts was extended, with six pending transactions in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price remained unchanged over the latest reporting period for the 22724 zip code, coming in at $312,449. The 22724 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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$324K  
The 22724 zip code market is experiencing a determined pullback as sales slumped again this week by 33.3% to two homes sold over the last 30 days. The median sales price dropped to $312,449, down from last week's $375,000. The 22724 zip code is a strong buyer's market with seven months of inventory to choose from, aided by the downturn in sales.
Comments:

$324K  
The 22724 zip code market looked solid this week as sales climbed 50.0% to reach three homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. In comparison, the nearby 22701 zip code had 51 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $375,000, potentially helping to reduce the four months of inventory left to be sold.
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$439K  
The 22724 zip code market reported five contracts in the last 30 days, the highest amount since November. This might lead to the end of the current four-week downward trend in sales, which hit two in the same period. In comparison, 22701 led all other nearby zip codes with 58 contracts executed. The median sales price climbed to $382,500, up from last week's $375,000. Along with the slip in sales, a relatively high eight months of inventory indicates that the 22724 zip code is a definite buyer's market.
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