$2.6M  
The 22842 zip code market is enjoying an extended upward trend, even as sales remained flat at four homes over the last 30 days. The median sales price remained unchanged over the latest reporting period for the 22842 zip code, coming in at $149,500. With no movement in sales and the availability of 18 months of inventory, the 22842 zip code is a definite buyer's market.
Comments:

$114K  
The 22842 zip code market looks to improve in the short term. While four homes were sold over the last 30 days, the number of contracts executed rose to 12, the highest amount since September. When comparing other close-by zip codes within the same period, the most came from the 22664 zip code with 11 contracts executed. However, a six-week upward trend in pending transactions is expected to continue over the coming weeks. While contracts numbers rose, prices dropped. This week's reported median sales price of $149,500 continued a four-week downward trend. The 22842 zip code is a definite buyer's market, with a big 18 months of inventory to choose from coupled with falling prices.
Comments:

$259K  
The number of sellers reducing prices in the 22842 zip code market trended up to six over the last 30 days, extending a three-week streak. During the same period, four sales were completed. The median sales price in the 22842 zip code stayed put this week at $118,750. Along with the slip in sales, a relatively high 18 months of inventory indicates that the 22842 zip code is a definite buyer's market.
Comments:

$549K  
The 22842 zip code market got positive news in this week's report, as the number of home sales climbed 100.0%, pushing the total to six homes sold over the last 30 days. To put it in perspective, the close-by 22664 zip code registered six homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 22842 zip code, and the median sales price this period increased from $115,000 to $118,750. The 22842 zip code is still a strong buyer's market, due to the availability of 12 months of remaining inventory, even after the uptick in sales.
Comments:

$120K  
Over the last 30 days, sales in the 22842 zip code market fell to three. However, the number of pending transactions continued to improve, reaching a total of seven during the same period. The median sales price dropped to $115,000 over the latest reporting period for the 22842 zip code, down from $122,500. The 22842 zip code is a definite buyer's market, due to a big 23 months of inventory left and aided by the dip in sales.
Comments:

$175K  
22842 is a somewhat affluent zip code in Virginia with a median income of $51,906 per household. The population is also considered younger than most with a median age of 43 years. The 22842 zip code is an area where most people own their homes, with an ownership ratio of 52.9%.
Comments:

$170K  
The 22842 zip code market improved this week with four homes sold over the last 30 days. In comparison, the nearby 22824 zip code had seven sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 22842 zip code, and for this period the median sales price slid from $130,000 to $122,500. The 22842 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 18 months of remaining inventory.
Comments:

$549K  
Over the last 30 days, the 22842 zip code market picked up with three homes sold. To put it in perspective, the close-by 22824 zip code registered seven homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 22842 zip code, and this period the median price of all sales fell from $396,000 to $130,000. The 22842 zip code is still a definite buyer's market, due to the availability of 23 months of remaining inventory, even after the uptick in sales.
Comments:

$122K  
A six-week downturn was extended after the 22842 zip code market recorded one home sale over the last 30 days. Also, a record number 12 new listings were posted, the highest since November. In comparison, the 22815 zip code had six new listings in the same time frame, the most of all nearby zip codes. Prices are rising in the 22842 zip code, and the median sales price this period increased from $229,750 to $396,000. The 22842 zip code is a definite buyer's market, due to a downward trend in sales numbers and 75 months of inventory remaining.
Comments:

$385K  
Over the last 30 days, the 22842 zip code market had a decrease in home sales with two. Furthermore, the amount of pending transactions continued to decline, with a total of three contracts during the same period. The median sales price rose dramatically to $229,750 over the latest reporting period for the 22842 zip code, up from $138,500. A downturn in contracts, coupled with the availability of 36 months of inventory, prove that the 22842 zip code is a definite buyer's market.
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