$471K  
The 22824 zip code market closed in on its 12-month sales average this week as sales climbed 20.0% to reach six homes sold over the last 30 days. Within the same time frame, the 22815 zip code had 21 sales, the most of all zip codes in the area. The median sales price dropped to $142,000, down from last week's $165,000. The 22824 zip code is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 12 months of remaining inventory.
Comments:

$899K  
Over the last 30 days, the 22824 zip code market had a decrease in home sales with five. Furthermore, the amount of pending transactions continued to decline, with a total of five contracts during the same period. Of course, as contracts trended lower, months of inventory continued to climb, hitting a six-month high at 15 months. The 22824 zip code is still a solid buyer's market, due to the downward trend in contracts numbers and the large amount of inventory.
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With 6,009 residents, 22824 is a larger than average zip code in Virginia. Also, with 71.9 people per square mile, it has an average density in comparison to other parts of the state. With an ownership ratio of 65.1%, most people in the 22824 zip code are homeowners.
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$109K  
The 22824 zip code market pulled back with a 25.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 7.1 monthly average with six homes sold. In comparison, the nearby 22815 zip code had 22 sales in the same time frame, the most of all neighboring zip codes. Prices found a bottom with the median sales price falling to $153,500, a three-month low. Along with the falling prices, the relatively large 12 months of inventory means that the 22824 zip code is a definite buyer's market.
Comments:

$389K  
The 22824 zip code market was active in this week's report, as the number of home sales rose 14.3%, pushing the total to eight homes sold over the last 30 days. To put it in perspective, the close-by 22815 zip code registered 17 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $182,000 over the latest reporting period for the 22824 zip code, down from $205,000. Despite the uptick in sales, there are still nine months of inventory left to work through, meaning the 22824 zip code is still a strong buyer's market.
Comments:

$2M  
Over the last 30 days, a confirmed upward trend of new sellers coming into the 22824 zip code market continued, with 14 listings in this week's report. Meanwhile, sales have fallen, with five homes selling during the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. While new listing numbers rose, prices climbed as well. This week's reported median sales price of $225,000 continued a four-week upswing. Along with the slip in sales, a relatively high 10 months of inventory indicates that the 22824 zip code is a definite buyer's market.
Comments:

$127K  
In this week's report, the number of homes sold in the 22824 zip code market slid to six over the past 30 days, a decrease of 14.3% from last week's report, but still above the monthly average. Within the same time frame, the 22664 zip code had 10 sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 22824 zip code, and for this period the median sales price slid from $372,500 to $298,750. With decreasing sales and the availability of eight months of inventory, the 22824 zip code is a strong buyer's market.
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The 22824 zip code has a younger population than other areas in Virginia with a median age of 43 years. It is also somewhat affluent with a median income of $52,016 per household. The 22824 zip code market is almost exclusively made up of detached houses, which currently account for 97% of the homes for sale in the area.
Comments:

$265K  
The number of home sales in the 22824 zip code market spiked 40.0% to seven homes over the last 30 days, exceeding the 5.5 monthly average for the last 12 months. To put it in perspective, the close-by 22835 zip code registered 11 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices went up in the 22824 zip code, with the median for this period rising from $225,000 to $372,500.
Comments:

$1.7M  
The 22824 zip code market pulled back with a 14.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (5.3) with six homes sold. Within the same time frame, the 22835 zip code had 10 sales, the most of all zip codes in the area. The median sales price jumped to $187,500, up from last week's $155,000.
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