$105K  
Over the last 30 days, three homes were sold in the 22827 zip code market, holding even with last week's numbers. However, the market is still in a solid downward trend overall. Prices are rising in the 22827 zip code, and the median sales price this period increased from $169,000 to $205,000. A downturn in sales, coupled with the availability of 32 months of inventory, prove that the 22827 zip code is a definite buyer's market.
Comments:

With 10,922 residents, 22827 is a larger than average zip code in Virginia. Also, with a 2.5% increase over the last 10 years, its population is growing slower than other parts of the state. The 22827 zip code market is almost exclusively made up of detached homes, currently accounting for 92% overall.
Comments:

$239K  
The 22827 zip code market remained sluggish this week as sales dropped 40.0% to land at three homes sold over the last 30 days. Within the same time frame, the 22802 zip code had 29 sales, the most of all zip codes in the area. Pricing in the 22827 zip code remains consistent from last week to this week, with the median sales price at $169,000 again. With decreasing sales and the availability of 33 months of inventory, the 22827 zip code is a solid buyer's market.
Comments:

$624K  
A four-week downturn in sales was extended when the 22827 zip code market saw five more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since December at two. When comparing other close-by zip codes within the same period, the most came from the 22815 zip code with 18 price reductions. While the number of sellers reducing prices were solid, months of inventory hit 19, extending an upward trend to four weeks. The 22827 zip code is a definite buyer's market, due to the large amount of remaining inventory and aided by the rise in price reductions.
Comments:

$149K  
On top of a 20.0% drop in sales numbers this week to land at four homes sold over the last 30 days, the 22827 zip code market still shows an identifiable trend downward overall. The median sales price dropped to $147,750, down from last week's $157,500. A downturn in sales, coupled with the availability of 22 months of inventory, prove that the 22827 zip code is a solid buyer's market.
Comments:

$149K  
Sellers in the 22827 zip code weren't able to find buyers for their properties, resulting in a 30 day period of no sales. The 22827 zip code usually averages 0.9 sales per month.
Comments:

$374K  
With one home sold in the 22827 zip code market over the last 30 days, we see no change from last week's numbers. However, one new listing came into the market. The median sales price remained unchanged over the latest reporting period for the 22827 zip code, coming in at $175,000. With no movement in sales and the availability of 10 months of inventory, the 22827 zip code is a definite buyer's market.
Comments:

The 22827 zip code has a cost of living adjustment score of 93.0, which is less expensive when compared to others in Virginia. Also, the area is considered somewhat affluent with a median income of $46,237 per household. The 22827 zip code is made up of homes that are considered relatively old with a median of 37 years.
Comments:

$699K  
Fewer sellers put their homes up for sale in the 22827 zip code market over the last 30 days and the number of new listings tumbled this week to zero. Home sales remained unchanged from the prior period and once again one home was sold. The median sales price of all transactions in the 22827 zip code did not budge this week, remaining at $175,000. The 22827 zip code is a definite buyer's market, thanks to a big nine months of inventory to choose from and the flat sales.
Comments:

$699K  
The 22827 zip code market looked healthy in this week's report, as the number of home sales climbed 100.0%, pushing the total to two homes sold over the last 30 days. To put it in perspective, the close-by 22727 zip code registered five homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices are coming down in the 22827 zip code, and for this period the median sales price slid from $223,000 to $199,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 22827 zip code is a seller's market.
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