22740 is a zip code in Virginia. It's affluent and the cost of living is average compared to the rest of the state, with a median income of $55,088 per household and cost of living adjustment score of 102.0. Homes in the 22740 zip code are older than most with a median age of 41 years.
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$599K  
The 22740 zip code market seems to have gone completely and unexpectedly quiet. After trending higher for two weeks, no sales at all were reported over the last 30 days.
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$875K  
Fewer sellers put their homes up for sale in the 22740 zip code market over the last 30 days and the number of new listings shrank this week to zero. Home sales remained unchanged from the prior period and once again one home was sold. Pricing in the 22740 zip code remains consistent from last week to this week, with the median sales price at $1,164,000 again. The 22740 zip code is a definite buyer's market, due to a big 23 months of inventory left and aided by the flat sales.
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$575K  
There have been one home sold in the 22740 zip code market over the last 30 days. During the same period, the number of new listings totaled one, the fewest since March. During the same time frame, 22701 had the most of any other neighboring zip codes with 84 new listings. The median sales price in the 22740 zip code stayed put this week at $1,164,000. A downturn in contracts, coupled with the availability of 23 months of inventory, prove that the 22740 zip code is a definite buyer's market.
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$785K  
Home sales in the 22740 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 50.0% to one home sold over the last 30 days. On the other hand, the close-by 22701 zip code registered 51 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 22740 zip code, and the median sales price this period increased from $776,500 to $1,164,000. The 22740 zip code is a solid buyer's market, thanks to a big 23 months of inventory to choose from and a pullback in sales.
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$595K  
The 22740 zip code market got good news this week as sales climbed 100.0% to reach two 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 55 sales in the same time frame, the most of all neighboring zip codes. The median sales price rose dramatically to $776,500, up from last week's $389,000. Despite the uptick in sales, there are still 11 months of inventory left to work through, meaning the 22740 zip code is still a definite buyer's market.
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$575K  
The 22740 zip code market saw sales remain consistent with one home sold over the last 30 days and is also under a confirmed downward trend in the number of contracts closing, with this week's number falling to one. Pricing in the 22740 zip code remains consistent from last week to this week, with the median sales price at $389,000 again. With a downward trend in contracts numbers and 23 months of inventory still left to work through, the 22740 zip code is a definite buyer's market.
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With 1,324 residents, 22740 is a smaller-than-average zip code in Virginia. Also, with 17.1 people per square mile, it has a much lower than average density in comparison to other parts of the state. Keep in mind, most people in the 22740 zip code own their homes, with a 56.9% ownership ratio.
Comments:

$875K  
The 22740 zip code market broke below its 12-month average sales volume this week as sales dropped 50.0% to hit one home sold over the last 30 days. In comparison, the nearby 22701 zip code had 49 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 22740 zip code, and this period the median price of all sales fell from $569,500 to $389,000. Along with the slip in sales, a relatively high 22 months of inventory indicates that the 22740 zip code is a strong buyer's market.
Comments:

$425K  
More sellers put their homes up for sale in the 22740 zip code market over the last 30 days and the number of new listings shot up this week to seven. Home sales remained unchanged from the prior period and once again one home was sold. The median sales price of all transactions in the 22740 zip code did not budge this week, remaining at $750,000. Along with flat sales, a relatively high 15 months of inventory indicates that the 22740 zip code is a strong buyer's market.
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