$390K  
In this week's report, the number of homes sold in the 22840 zip code market dropped to 10 over the past 30 days, a decrease of 23.1% from last week's report, but still above the monthly average. In comparison, the nearby 22801 zip code had 38 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 22840 zip code, and for this period the median sales price slid from $260,000 to $244,000. The 22840 zip code is a strong buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
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$269K  
The 22840 zip code market took a hit this week but was still better than normal as sales plummeted 29.4% to 12 homes sold over the last 30 days. Within the same time frame, the 22801 zip code had 38 sales, the most of all zip codes in the area. The median sales price climbed to $262,250 over the latest reporting period for the 22840 zip code, up from $234,900.
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$3.2M  
The 22840 zip code market looked busy in this week's report, as the number of home sales climbed 14.3%, pushing the total to 16 homes sold over the last 30 days. To put it in perspective, the close-by 22801 zip code registered 44 homes sold in the same period, the most of all surrounding zip codes. The median sales price stayed flat at $231,450, and there are a fairly average four months of inventory left to be sold.
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$299K  
The 22840 zip code market took a break with a 26.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (8.7) with 11 homes sold. On the other hand, the close-by 22801 zip code registered 51 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $234,900, down from last week's $239,000. With decreasing sales and the availability of seven months of inventory, the 22840 zip code is a solid buyer's market.
Comments:

22840 is an average-sized zip code in Virginia with 3,887 residents. Its population is also growing slightly faster than others at a 10-year growth rate of 19.6%. The 22840 zip code market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. Topping the list of best schools in the zip code is McGaheysville Elementary School.
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$299K  
The 22840 zip code market was quiet this week as no sales were reported over the previous 30 days. The 22840 zip code usually averages 0.2 sales per month.
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$299K  
No deals were completed in the 22840 zip code market over the last 30 days. The 22840 zip code usually averages 0.2 sales per month.
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$299K  
Sellers in the 22840 zip code weren't able to find buyers for their properties, resulting in a 30 day period of no sales. The 22840 zip code usually averages 0.2 sales per month.
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$325K  
Over the past 30 days, there have been fewer price cuts in the 22840 zip code market, continuing a six-week declining trend to land at zero. However, home sales remained flat with one over the same period. The median sales price remained unchanged over the latest reporting period for the 22840 zip code, coming in at $424,500. There are only two months of inventory available in the 22840 zip code, so it's a definite seller's market, even if sales are flat.
Comments:

22840 is a zip code in Virginia, and is affluent with a median income of $62,047 per household. It's older than the rest of the state, with a median age of 41. The 22840 zip code is an area where 46.8% of the homes are owned, while 11.6% are rented. The best school in the zip code is McGaheysville Elementary School.
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