$799K  
In this week's report, the number of homes sold in the 22727 zip code market fell to 13 over the past 30 days, a decrease of 18.8% from last week's report, but still above the monthly average. Within the same time frame, the 22701 zip code had 44 sales, the most of all zip codes in the area. The median sales price remained unchanged over the latest reporting period for the 22727 zip code, coming in at $180,000. With decreasing sales and the availability of nine months of inventory, the 22727 zip code is a definite buyer's market.
Comments:

22727 is a larger than average zip code in Virginia with 5,467 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 10.9%. The 22727 zip code market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The best school in the zip code is Madison County High School.
Comments:

$799K  
The 22727 zip code market will be less selective in the coming weeks. Sales rose this week to 16 homes sold over the last 30 days, and there is an established downward trend in the number of new listings, with four 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. The median sales price climbed to $180,000 over the latest reporting period for the 22727 zip code, up from $140,000. The 22727 zip code is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:

$669K  
Over the last 30 days, the 22727 zip code market showed strong improvement with 11 homes sold. It marks a 120.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. To put it in perspective, the close-by 22701 zip code registered 52 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 22727 zip code, and this period the median price of all sales fell from $225,000 to $140,000. The 22727 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 10 months of remaining inventory.
Comments:

$669K  
The 22727 zip code market remained sluggish with five homes sold in the last 30 days, a 37.5% sales drop. 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. Potential buyers should note that prices went up in the 22727 zip code, with the median for this period rising from $172,500 to $225,000. Along with the slip in sales, a relatively high 23 months of inventory indicates that the 22727 zip code is a definite buyer's market.
Comments:

$799K  
Over the last 30 days, an identifiable downward trend of new sellers coming into the 22727 zip code market continued, with three listings in this week's report. Meanwhile, sales fell, with eight homes selling during the same period. The median sales price rose to $172,500 over the latest reporting period for the 22727 zip code, up from $171,900. The 22727 zip code is a strong buyer's market, due to a big 15 months of inventory left and aided by the dip in sales.
Comments:

$185K  
Home sales in the 22727 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 35.7% to nine homes sold over the last 30 days. Meanwhile, the 22701 zip code reported 40 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $171,900 over the latest reporting period for the 22727 zip code, down from $232,500. With decreasing sales and the availability of 14 months of inventory, the 22727 zip code is a strong buyer's market.
Comments:

22727 is a somewhat affluent zip code in Virginia with a median income of $49,461 per household. The population is also considered younger than most with a median age of 44 years. The 22727 zip code is an area where most people own their homes, with an ownership ratio of 65.4%. The top school in the zip code is Madison County High School.
Comments:

$4.2M  
With 14 homes sold in the 22727 zip code market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 12 new listings for buyers to choose from. The median sales price in the 22727 zip code stayed put this week at $232,500. The 22727 zip code is a definite buyer's market, thanks to a big nine months of inventory to choose from and the flat sales.
Comments:

$799K  
The 22727 zip code market slowed with a 7.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (10.1) with 12 homes sold. Within the same time frame, the 22701 zip code had 51 sales, the most of all zip codes in the area. The median sales price of all transactions in the 22727 zip code did not budge this week, remaining at $285,000. The 22727 zip code is a definite buyer's market, due to a big 11 months of inventory left and aided by the dip in sales.
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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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