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.
Comments:

$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.
Comments:

$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.
Comments:

$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.
Comments:

22724 is a zip code in Virginia. It's very affluent and the cost of living is very expensive compared to the rest of the state, with a median income of $80,206 per household and cost of living adjustment score of 133.0. The 22724 zip code is made up of homes that are considered of moderate age with a median of 17 years.
Comments:

$130K  
A three-week rough patch for the overall sales trend continues in the 22724 zip code market, with number of sales staying even at three over the last 30 days. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price stayed flat at $375,000 this week.
Comments:

$585K  
This week in the 22724 zip code market, sales rose to three homes sold over the last 30 days, which might be due in part to a confirmed upward trend in price reductions, with four 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. Oddly, even as the number of sellers reducing price trended higher, the median sales price continued to climb, trending upwards for four weeks to reach $375,000.
Comments:

$585K  
The 22724 zip code market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at four. The median sales price in the 22724 zip code stayed put this week at $400,000. Along with flat sales, a relatively high 11 months of inventory indicates that the 22724 zip code is a definite buyer's market.
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