$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.
Comments:

$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:
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