$1.2M  
The number of sellers reducing prices in the 22842 zip code market trended up to 19 over the last 30 days, extending a three-week streak. During the same period, 10 sales were completed. Prices are rising in the 22842 zip code, and the median sales price this period increased from $160,750 to $162,000. 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:

$495K  
While home sales in the 22842 zip code market have been above average, in this week's report they slid 14.3% to 12 homes sold over the last 30 days. Meanwhile, the 22815 zip code reported 20 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $160,750 over the latest reporting period for the 22842 zip code, up from $150,750. Along with the slip in sales, a relatively high 14 months of inventory indicates that the 22842 zip code is a definite buyer's market.
Comments:

$114K  
With 14 homes sold in the 22842 zip code market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 28 new listings for buyers to choose from. The median sales price dropped to $150,750, extending a four-week long spiral. The 22842 zip code is a definite buyer's market, with a big 11 months of inventory to choose from coupled with falling prices.
Comments:

22842 is a larger than average zip code in Virginia that has seen a 14.4% increase in population over the last 10 years. It also has a total population of 5,611. With a median age of 33 years, homes in the 22842 zip code tend to be relatively old.
Comments:

$289K  
The number of homes coming into the 22842 zip code market climbed to 35 listings over the last 30 days, while sales remained right where they were as once again 14 homes were sold over the same period. The median sales price of all transactions in the 22842 zip code did not budge this week, remaining at $116,000. The 22842 zip code is a strong buyer's market, due to a big 11 months of inventory left and aided by the flat sales.
Comments:

$114K  
The 22842 zip code market had a strong showing this week as sales shot up 42.9% to hit 10 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 took a turn lower, with the median sales price falling to a three-month low at $116,000. Even after the uptick in sales, an elevated 12 months of inventory tells us that the 22842 zip code is still a strong buyer's market.
Comments:

$159K  
Home sales in the 22842 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 25.0% to six homes sold over the last 30 days. Meanwhile, the 22664 zip code reported 10 home sales, the highest number from all the surrounding zip codes. Prices are rising in the 22842 zip code, and the median sales price this period increased from $130,630 to $148,380. Along with the slip in sales, a relatively high 19 months of inventory indicates that the 22842 zip code is a strong buyer's market.
Comments:

$152K  
The 22842 zip code market pulled back this week but was still better than normal as sales slid 11.1% to eight homes sold over the last 30 days. Within the same time frame, the 22835 zip code had 11 sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 22842 zip code, and for this period the median sales price slid from $137,760 to $130,630. With decreasing sales and the availability of 14 months of inventory, the 22842 zip code is a solid buyer's market.
Comments:

$549K  
The 22842 zip code market saw sales remain flat this week with eight homes sold over the last 30 days, while new listings climbed to nine. Pricing in the 22842 zip code remains consistent from last week to this week, with the median sales price at $131,700 again. Along with flat sales, a relatively high 11 months of inventory indicates that the 22842 zip code is a definite buyer's market.
Comments:

$399K  
The number of price cuts in the 22842 zip code market climbed to 12 over the last 30 days, furthering a pronounced positive trend. Perhaps due to the decreases in list prices, sales increased to eight homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Prices are falling in the 22842 zip code, and this period the median price of all sales fell from $214,500 to $131,700. Even after the uptick in sales, an elevated eight months of inventory tells us that the 22842 zip code is still a strong buyer's market.
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