$114K  
A three-week rough patch for the overall sales trend continues in the 22801 zip code market. Also, the actual number of sales dropped 6.8% over the last 30 days, coming in at 41. As sales trended lower, months of inventory rose, trending up for four weeks to six months.
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$332K  
The 22801 zip code market got good news in this week's report, as the number of home sales climbed 14.7%, pushing the total to 39 homes sold over the last 30 days. Within the same time frame, the 22802 zip code had 22 sales, the most of all zip codes in the area. The median sales price dropped to $262,250 over the latest reporting period for the 22801 zip code, down from $272,250. The 22801 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
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With 41,551 residents, 22801 is a larger than average zip code in Virginia. Also, with a 26.3% increase over the last 10 years, its population is growing faster than other parts of the state. The 22801 zip code is made up of homes that are considered of moderate age with a median of 24 years. The best school in the zip code is Harrisonburg High School.
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$2.5M  
The number of price cuts in the 22801 zip code market climbed to 33 over the last 30 days, furthering a new positive trend. Despite drops in list prices, sales also decreased to 34 homes sold. The median sales price rose to $272,250, up from last week's $254,625. The 22801 zip code is a strong buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
Comments:

$2.5M  
In this week's report, the number of homes sold in the 22801 zip code market slid to 38 over the past 30 days, a decrease of 9.5% from last week's report, but still above the monthly average. Within the same time frame, the 22802 zip code had 24 sales, the most of all zip codes in the area. The median sales price of homes sold came in at $254,625, which extended a price upswing to four weeks. Along with the slip in sales, a relatively high seven months of inventory indicates that the 22801 zip code is a definite buyer's market.
Comments:

$294K  
The 22801 zip code market slowed this week but was still better than normal as sales slid 17.4% to 38 homes sold over the last 30 days. On the other hand, the close-by 22802 zip code registered 29 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 22801 zip code, and the median sales price this period increased from $224,500 to $237,000. Along with the slip in sales, a relatively high seven months of inventory indicates that the 22801 zip code is a strong buyer's market.
Comments:

$579K  
Over the last 30 days, 35 homes went under contract in the 22801 zip code market, the lowest amount since March. As the market appears to be softening, there were 44 homes sold over the same period. In comparison, 22802 led all other nearby zip codes with 21 contracts executed. Prices are rising in the 22801 zip code, and the median sales price this period increased from $215,000 to $232,000.
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$895K  
While home sales in the 22801 zip code market have been above average, in this week's report they fell 10.5% to 51 homes sold over the last 30 days. On the other hand, the close-by 22802 zip code registered 26 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose to $215,000 over the latest reporting period for the 22801 zip code, up from $206,000.
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$219K  
The 22801 zip code market was quiet this week as no sales were reported over the previous 30 days. The 22801 zip code usually averages 0.4 sales per month.
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22801 is a zip code in Virginia, and is somewhat affluent with a median income of $48,846 per household. It's much older than the rest of the state, with a median age of 22. Keep in mind, 43.0% of the homes in the 22801 zip code are owned, while 48.4% are rented. The top school in the zip code is Harrisonburg High School.
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