$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.
Comments:

$130K  
Over the last 30 days, no deals were completed in the 22740 zip code market. It further extends a one-week downward trend in sales.
Comments:

$425K  
With two homes sold in the 22740 zip code market over the last 30 days, we see no change from last week's numbers. However, two new listings came into the market. The median sales price remained unchanged over the latest reporting period for the 22740 zip code, coming in at $202,500.
Comments:

$249K  
With a determined downward trend of new sellers listing homes, including one over the last 30 days, and sales that dropped to two in that same time frame, the 22740 zip code market will be slowing down. The median sales price dropped to $202,500 over the latest reporting period for the 22740 zip code, down from $275,000.
Comments:

$1.2M  
In this week's report, the number of homes sold in the 22740 zip code market fell to four over the past 30 days, a decrease of 20.0% from last week's report, but still above the monthly average. On the other hand, the close-by 22701 zip code registered 24 homes sold in the same period, the most of all surrounding zip codes. The median sales price continued to rise, trending upwards for four weeks to reach $275,000. Despite the slip in sales, a relatively low three months of inventory indicates that the 22740 zip code is a seller's market.
Comments:

$130K  
22740 is a smaller-than-average zip code in Virginia with 1,324 residents. Also, it has a much lower than average density with 17.1 people per square mile. The 22740 zip code is an area where most people own their homes, with an ownership ratio of 56.9%.
Comments:

$1.2M  
The 22740 zip code market is currently in the middle of a prolonged upward sales trend, extended as sales rose to five homes sold over the last 30 days. The median sales price dropped to $320,000, down from last week's $410,000. With only three months of inventory and rising sales, the 22740 zip code is a seller's market.
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