23824 is a larger than average zip code in Virginia that has seen a 0.2% increase in population over the last 10 years. It also has a total population of 7,025. The 23824 zip code is made up of homes that are older than most with a median of 42 years.
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$900K  
In this week's report, the number of homes sold in the 23824 zip code market dropped to five over the past 30 days, a decrease of 16.7% from last week's report, but still above the monthly average. In comparison, the nearby 23002 zip code had 10 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 23824 zip code, and for this period the median sales price slid from $94,500 to $73,000. Along with the slip in sales, a relatively high 13 months of inventory indicates that the 23824 zip code is a solid buyer's market.
Comments:

$900K  
The 23824 zip code market showed gains this week as sales rocketed 100.0% to reach six homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. At the same time, the 23002 zip code reported 14 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices went up in the 23824 zip code, with the median for this period rising from $73,000 to $94,500. The 23824 zip code is still a definite buyer's market, due to the availability of 11 months of remaining inventory, even after the uptick in sales.
Comments:

$210K  
Sales in the 23824 zip code market remained flat at three homes sold over the last 30 days, while the number of sellers reducing their list prices reached seven, which continues an emerging upward trend in price reductions. Potential buyers should note that prices are coming down in the 23824 zip code, and for this period the median sales price slid from $239,000 to $73,000. Along with flat sales, a relatively high 22 months of inventory indicates that the 23824 zip code is a definite buyer's market.
Comments:

$240K  
Over the last 30 days, the 23824 zip code market got positive news with three homes sold. It marks a 50.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. To put it in perspective, the close-by 23002 zip code registered 13 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $239,000, down from last week's $283,000. Despite the uptick in sales, there are still 23 months of inventory left to work through, meaning the 23824 zip code is still a solid buyer's market.
Comments:

$210K  
The 23824 zip code market is getting less expensive. In tandem with sales continuing a six-week downward trend, bringing this week's numbers down to two homes sold over the last 30 days, price reductions are also at the highest they've been since December, with six reported over the same period. In comparison, 23002 led all other nearby zip codes with 15 price reductions. However, a six-week downward trend in new listings is expected to come to an end over the coming weeks. Potential buyers should note that prices went up in the 23824 zip code, with the median for this period rising from $198,997 to $283,000. The 23824 zip code is a definite buyer's market, due to a big 32 months of inventory left and aided by the flat sales.
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The 23824 zip code has an older population than other areas in Virginia with a median age of 42 years. It is also much less affluent than average with a median income of $37,752 per household. The 23824 zip code market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area.
Comments:

$189K  
The number of homes coming into the 23824 zip code market fell to 10 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 in the 23824 zip code stayed put this week at $198,997. Along with flat sales, a relatively high 30 months of inventory indicates that the 23824 zip code is a definite buyer's market.
Comments:

$104K  
A three-week rough patch for the overall sales trend continues in the 23824 zip code market. On a positive note, the number of sales actually rose 100.0% over the last 30 days to hit two. Prices are rising in the 23824 zip code, and the median sales price this period increased from $70,995 to $198,997. The 23824 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 30 months of remaining inventory.
Comments:

$284K  
Sales fell to one home sold over the last 30 days in the 23824 zip code market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to 12 for the same period. The median sales price jumped to $70,995, up from last week's $52,497. The 23824 zip code is a solid buyer's market, due to a big 61 months of inventory left and aided by the dip in sales.
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