$335K  
The 22729 zip code market saw sales remain at one home sold over the last 30 days, with an established upward trend of new listings, as two came into the market in the same time frame. The median sales price of all transactions in the 22729 zip code did not budge this week, remaining at $173,000. Despite the flat sales, a relatively low one month of inventory remaining indicates that the 22729 zip code is a strong seller's market.
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With 1,304 residents, 22729 is a smaller-than-average zip code in Virginia. Also, with 272.2 people per square mile, it has a higher than average density in comparison to other parts of the state. The 22729 zip code is an area where most people own their homes, with an ownership ratio of 69.6%. The best school in the zip code is Cedar Mountain High School.
Comments:

$335K  
Sales retained their current pace and came in at one home sold in the 22729 zip code market over the last 30 days. However, a three-week upward trend for contracts was extended, with one 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 22729 zip code, coming in at $173,000. In spite of flat sales, a low two months of inventory signals that the 22729 zip code is a definite seller's market.
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Sellers in the 22729 zip code weren't able to find buyers for their properties, resulting in a 30 day period of no sales. The 22729 zip code usually averages 0.2 sales per month.
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The 22729 zip code market was quiet this week and reported zero home sales over the last 30 days. The 22729 zip code usually averages 0.2 sales per month.
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The population of the 22729 zip code is affluent compared to others in Virginia with a median income of $67,331 per household. It's also considered an expensive zip code in terms of affordability with a cost of living adjustment score of 117.7. With a median age of 26 years, homes in the 22729 zip code tend to be relatively old. Heading the list of top schools in the zip code is Cedar Mountain High School.
Comments:

The 22729 zip code market was quiet this week as no sales were reported over the previous 30 days. The 22729 zip code usually averages 0.2 sales per month.
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Sellers in the 22729 zip code weren't able to find buyers for their properties, resulting in a 30 day period of no sales. The 22729 zip code usually averages 0.2 sales per month.
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Sales remained steady from last week to this week, with one home sold in the 22729 zip code market over the last 30 days. However, a new downturn in the number of pending transactions continued, with zero completed in the same period. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $247,000 continued a four-week upswing. There are only three months of inventory available in the 22729 zip code and prices are rising, so it is still a seller's market, even with the shrinking contracts numbers.
Comments:

$327K  
With a solid downward trend of new sellers listing homes, including zero over the last 30 days, and sales that remained flat at one in that same time frame, the 22729 zip code market will be slowing. The median sales price of all transactions in the 22729 zip code did not budge this week, remaining at $247,000. Despite the flat sales, a relatively low two months of inventory remaining indicates that the 22729 zip code is a definite seller's market.
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