$435K  
While home sales in the 22842 zip code market have been above average, in this week's report they dropped 20.0% to 12 homes sold over the last 30 days. Within the same time frame, the 22664 zip code had 17 sales, the most of all zip codes in the area. Prices are falling in the 22842 zip code, and this period the median price of all sales fell from $135,000 to $130,000. The 22842 zip code is a definite buyer's market, thanks to a big 16 months of inventory to choose from and a pullback in sales.
Comments:

22842 is a zip code that is growing faster than others in Virginia at a 10-year growth rate of 14.4%. It also has a larger than average population of 5,611 people. Homes in the 22842 zip code are relatively old with a median age of 33 years.
Comments:

$435K  
The 22842 zip code market was very busy in this week's report, as the number of home sales jumped 40.0%, pushing the total to 14 homes sold over the last 30 days. To put it in perspective, the close-by 22664 zip code registered 13 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 $137,000 to $135,000. Even after the uptick in sales, an elevated 14 months of inventory tells us that the 22842 zip code is still a definite buyer's market.
Comments:

$435K  
There have been nine homes sold in the 22842 zip code market over the last 30 days. During the same period, the number of new listings totaled 18, the fewest since May. In comparison, the 22664 zip code had 26 new listings in the same time frame, the most of all nearby 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 $145,000 to $135,000. The 22842 zip code is still a strong buyer's market, even after the decrease in new listings, due to the large 21 months of inventory left.
Comments:

$435K  
The 22842 zip code market saw 15 homes go under contract and failed to break out of a recent downward trend. Despite that, total home sales shot up to 13 over the last 30 days. The median sales price climbed to $145,000, up from last week's $140,000. Despite the uptick in sales, there are still 14 months of inventory left to work through, meaning the 22842 zip code is still a strong buyer's market.
Comments:

$1.2M  
With home sales in the 22842 zip code market already below average, in this week's report they slid 22.2% to seven homes sold over the last 30 days. Meanwhile, the 22815 zip code reported 15 home sales, the highest number from all the surrounding zip codes. Prices were able to climb as this week's reported median sales price of $145,000 continued a four-week upswing. Along with the slip in sales, a relatively high 26 months of inventory indicates that the 22842 zip code is a definite buyer's market.
Comments:

$114K  
Over the last 30 days, nine homes were sold in the 22842 zip code market, down 10.0%. Additionally, the market is still in a new downward trend overall. Perhaps due to the sales numbers, months of inventory is on a four-week upswing, this week hitting 20 months. The 22842 zip code is still a solid buyer's market, due to the downward trend in sales numbers and the large amount of inventory.
Comments:

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. Keep in mind, most people in the 22842 zip code own their homes, with a 52.9% ownership ratio.
Comments:

$399K  
The 22842 zip code market got positive news in this week's report, as the number of home sales jumped 25.0%, pushing the total to 10 homes sold over the last 30 days. To put it in perspective, the close-by 22815 zip code registered 16 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose to $153,250, up from last week's $152,750. The 22842 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 17 months of remaining inventory.
Comments:

$165K  
The 22842 zip code market slowed with a 20.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 9.0 monthly average with eight homes sold. On the other hand, the close-by 22815 zip code registered 21 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 $162,000 to $152,750. Along with the slip in sales, a relatively high 21 months of inventory indicates that the 22842 zip code is a strong buyer's market.
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