$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.
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$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.
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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.
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$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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$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.
Comments:

$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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