$124K  
On top of a 33.3% reduction in sales numbers this week to land at two homes sold over the last 30 days, the 22727 zip code market still shows an identifiable trend downward overall. The median sales price dropped to $127,000, down from last week's $145,000. The 22727 zip code is a solid buyer's market with 22 months of inventory to choose from, aided by the downturn in sales.
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$4.2M  
The 22727 zip code market saw sales remain flat this week with three homes sold over the last 30 days, while new listings rose to six. The median sales price remained unchanged over the latest reporting period for the 22727 zip code, coming in at $145,000. Along with flat sales, a relatively high 13 months of inventory indicates that the 22727 zip code is a solid buyer's market.
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$4.2M  
Over the last 30 days, the 22727 zip code market improved with three homes sold. In comparison, the nearby 22701 zip code had 36 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $145,000 over the latest reporting period for the 22727 zip code, down from $199,750. Despite the uptick in sales, there are still 12 months of inventory left to work through, meaning the 22727 zip code is still a solid buyer's market.
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$164K  
22727 is a zip code in Virginia, and is somewhat affluent with a median income of $49,461 per household. It's younger than the rest of the state, with a median age of 44. With an ownership ratio of 65.4%, most people in the 22727 zip code are homeowners. The top school in the zip code is Madison County High School.
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$4.2M  
This week in the 22727 zip code market, sales fell to two homes sold over the last 30 days, even as it endures a solid upward trend in price reductions, with 10 reported in the same time frame. Prices are rising in the 22727 zip code, and the median sales price this period increased from $163,500 to $199,750. The 22727 zip code is a strong buyer's market, thanks to a big 20 months of inventory to choose from and a pullback in sales.
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$899K  
In this week's report, the number of homes sold in the 22727 zip code market sank to two over the past 30 days, a decrease of 60.0% from last week's report. In comparison, the nearby 22701 zip code had 38 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 22727 zip code, and this period the median price of all sales fell from $163,500 to $161,500. With decreasing sales and the availability of 21 months of inventory, the 22727 zip code is a definite buyer's market.
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$109K  
The number of homes coming into the 22727 zip code market fell to six listings over the last 30 days, while sales remained right where they were as once again five homes were sold over the same period. The median sales price in the 22727 zip code stayed put this week at $163,500. The 22727 zip code is a solid buyer's market, thanks to a big nine months of inventory to choose from and the flat sales.
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$114K  
This week in the 22727 zip code market, sales fell to five homes sold over the last 30 days, even as it endures a new upward trend in price reductions, with six reported in the same time frame. As the lowering of listing prices trended higher, sale prices themselves have been falling. The median sales price dropped to $163,500, extending a four-week long spiral. With prices falling, the availability of nine months of inventory means that the 22727 zip code is a strong buyer's market.
Comments:

$114K  
While home sales in the 22727 zip code market have been above average, in this week's report they fell 14.3% to six homes sold over the last 30 days. Within the same time frame, the 22701 zip code had 20 sales, the most of all zip codes in the area. The price of homes sold went down with the average selling price hitting a three-month low at $181,250. The 22727 zip code is a strong buyer's market, with a big eight months of inventory to choose from coupled with falling prices.
Comments:

$4.2M  
The 22727 zip code market got good news in this week's report, as the number of home sales rocketed 75.0%, pushing the total to seven homes sold over the last 30 days. At the same time, the 22701 zip code reported 20 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $200,000, down from last week's $209,000.
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Ask a local expert about this area:
Roy Wheeler Realty Co.
Snapped 6 homes in this area
Better Homes & Gardens Real Estate III
Snapped 2 homes in this area
RE/MAX New Horizons
Snapped 2 homes in this area

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