$1.4M  
The 22840 zip code market pulled back with a 21.4% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (9.1) with 11 homes sold. Meanwhile, the 22801 zip code reported 37 home sales, the highest number from all the surrounding zip codes. Prices are rising in the 22840 zip code, and the median sales price this period increased from $222,500 to $227,550. Along with the slip in sales, a relatively high seven months of inventory indicates that the 22840 zip code is a solid buyer's market.
Comments:

$349K  
The 22840 zip code market showed positive signs in this week's report, as the number of home sales climbed 16.7%, pushing the total to 14 homes sold over the last 30 days. Within the same time frame, the 22801 zip code had 40 sales, the most of all zip codes in the area. Pricing in the 22840 zip code remains consistent from last week to this week, with the median sales price at $222,500 again.
Comments:

22840 is an average-sized zip code in Virginia with 3,887 residents. Its population is growing slightly faster than the rest of the state, at a 10-year growth rate of 19.6%. The 22840 zip code market is almost exclusively made up of detached houses, which currently account for 92% of the homes for sale in the area. The best school in the zip code is McGaheysville Elementary School.
Comments:

$194K  
The 22840 zip code market will be more selective in the short term. Sales have fallen this week to 12 homes sold over the last 30 days, and there is also a confirmed upward trend of new listings, with 19 going live in the same time frame. As new listings came into the market, months of inventory continued to climb as well, trending upwards for four weeks to reach six months.
Comments:

$279K  
Sales in the 22840 zip code market inched up to 14 homes sold over the last 30 days, while the number of sellers reducing their list prices reached eight, which continues a solid upward trend in price reductions. Prices are rising in the 22840 zip code, and the median sales price this period increased from $189,700 to $222,500.
Comments:

$129K  
Despite a 33.3% improvement in sales numbers this week to reach 12 homes sold over the last 30 days, the 22840 zip code market still shows an identifiable trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Potential buyers should note that prices went up in the 22840 zip code, with the median for this period rising from $189,700 to $191,850.
Comments:

$1.4M  
The number of home sales in the 22840 zip code market rocketed 28.6% to nine homes over the last 30 days, exceeding the 8.9 monthly average for the last 12 months. In comparison, the nearby 22801 zip code had 41 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 22840 zip code, and the median sales price this period increased from $165,000 to $189,700. Even after the uptick in sales, an elevated eight months of inventory tells us that the 22840 zip code is still a definite buyer's market.
Comments:

$299K  
The number of price cuts in the 22840 zip code market climbed to seven over the last 30 days, furthering an emerging positive trend. Despite drops in list prices, sales also decreased to six homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price dropped to $164,950, down from last week's $187,900. The 22840 zip code is a solid buyer's market, thanks to a big 12 months of inventory to choose from and a pullback in sales.
Comments:

The 22840 zip code has a population that is older than most in Virginia with a median age of 41 years. Also, it's affluent with a median income of $62,047 per household. The 22840 zip code has an home ownership ratio of 46.8% and a renting ratio of 11.6%. The top school in the zip code is McGaheysville Elementary School.
Comments:

$129K  
Home sales in the 22840 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 10.0% to nine homes sold over the last 30 days. Meanwhile, the 22801 zip code reported 34 home sales, the highest number from all the surrounding zip codes. Prices fell lower as this week's reported median sales price of $195,000 continued a four-week downward trend. The 22840 zip code is a definite buyer's market, due to falling prices and a large eight months of inventory left.
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