$1.2M  
In this week's report, the number of homes sold in the 22740 zip code market slid to two over the past 30 days, a decrease of 33.3% from last week's report, but still above the monthly average. Meanwhile, the 22701 zip code reported 38 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $272,500, down from last week's $350,000.
Comments:

$390K  
The 22740 zip code market slowed this week but was still better than normal as sales dropped 25.0% to three homes sold over the last 30 days. Meanwhile, the 22701 zip code reported 33 home sales, the highest number from all the surrounding zip codes. Potential buyers should take note that the median sales price in the 22740 zip code rose to $350,000 and that there are four months of inventory still available.
Comments:

$475K  
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. It should be noted that at 56.9%, most people own their homes in the 22740 zip code.
Comments:

$390K  
Sales in the 22740 zip code market rose to four homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with one price reduction in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price in the 22740 zip code stayed put this week at $334,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 22740 zip code is a seller's market.
Comments:

$239K  
The 22740 zip code market is experiencing a prolonged pullback but sales stood their ground this week at two homes sold over the last 30 days. The median sales price in the 22740 zip code stayed put this week at $334,000.
Comments:

$239K  
The 22740 zip code market got positive 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. Within the same time frame, the 22701 zip code had 20 sales, the most of all zip codes in the area. Potential buyers should note that prices went up in the 22740 zip code, with the median for this period rising from $318,000 to $334,000.
Comments:

$239K  
With a new upward trend of new sellers listing homes, including one over the last 30 days, and sales that have ticked up to one in that same time frame, the 22740 zip code market will be heating up. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. While new seller numbers were strong, the median sales price of homes sold came in at $318,000, which extended a downward swing in price to four weeks. Despite the uptick in sales, there are still 12 months of inventory left to work through, meaning the 22740 zip code is still a definite buyer's market.
Comments:

$130K  
Typically, 22740 zip code accounts for 1.6 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales.
Comments:

$130K  
The 22740 zip code has a cost of living adjustment score of 102.0, which is average when compared to others in Virginia. Also, the area is considered affluent with a median income of $55,088 per household. The 22740 zip code is made up of homes that are older than most with a median of 41 years.
Comments:

$875K  
The 22740 zip code market reported another 30-day period of zero home sales this week. The 22740 zip code usually averages 1.6 sales per month.
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