$539K  
The 22844 zip code market pulled back with a 37.5% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (3.8) with five homes sold. On the other hand, the close-by 22835 zip code registered 10 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 22844 zip code, and the median sales price this period increased from $178,750 to $195,000. Along with the slip in sales, a relatively high nine months of inventory indicates that the 22844 zip code is a definite buyer's market.
Comments:

The 22844 zip code has a cost of living adjustment score of 109.1, which is expensive when compared to others in Virginia. Also, the area is considered somewhat affluent with a median income of $49,919 per household. The 22844 zip code is made up of homes that are relatively old with a median of 31 years.
Comments:

$479K  
The 22844 zip code market showed gains in this week's report, as the number of home sales jumped 33.3%, pushing the total to eight homes sold over the last 30 days. In comparison, the nearby 22835 zip code had eight sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $178,750, down from last week's $186,250.
Comments:

$179K  
The number of home sales in the 22844 zip code market climbed 20.0% to six homes over the last 30 days. To put it in perspective, the close-by 22835 zip code registered 11 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $186,250, down from last week's $210,000. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning the 22844 zip code is still a solid buyer's market.
Comments:

$249K  
Despite a new downward trend in sellers reducing price, including four markdowns over the last 30 days, sales in the 22844 zip code market rose to five over the same stretch of time. All indications show that the trend should continue, meaning less price reductions over the next few weeks. Prices are falling in the 22844 zip code, and this period the median price of all sales fell from $248,500 to $210,000. The 22844 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:

$299K  
The number of homes coming into the 22844 zip code market shot up to six listings over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. The median sales price rose to $248,500, up from last week's $226,000. The 22844 zip code is a solid buyer's market, thanks to a big 17 months of inventory to choose from and the flat sales.
Comments:

22844 is an average-sized zip code in Virginia with 4,423 residents. Also, it has seen a 14.4% increase in population over the last 10 years. Detached homes account for 94% of the area's current housing market.
Comments:

$2M  
The 22844 zip code market is currently in the middle of an unwavering upward sales trend, even as sales fell to two homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price jumped to $226,000 over the latest reporting period for the 22844 zip code, up from $165,000. Along with the slip in sales, a relatively high 16 months of inventory indicates that the 22844 zip code is a definite buyer's market.
Comments:

$2M  
The 22844 zip code market was active in this week's report, as the number of sales went up to three homes sold over the last 30 days. To put it in perspective, the close-by 22835 zip code registered seven homes sold in the same period, the most of all surrounding zip codes. Prices were able to climb as this week's reported median sales price of $165,000 continued a four-week upswing. Despite the rising prices, with 11 months of inventory left to work through, the 22844 zip code is still a definite buyer's market.
Comments:

$104K  
In this week's report, the number of homes sold in the 22844 zip code market slid to two over the past 30 days, a decrease of 33.3% from last week's report. In comparison, the nearby 22835 zip code had seven sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 22844 zip code, and the median sales price this period increased from $106,000 to $117,500. Along with the slip in sales, a relatively high 16 months of inventory indicates that the 22844 zip code is a strong buyer's market.
Comments:
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