$220K  
While home sales in the 23851 zip code market have been above average, in this week's report they fell 9.1% to 10 homes sold over the last 30 days. In comparison, the nearby 23434 zip code had 65 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $153,950 over the latest reporting period for the 23851 zip code, down from $159,900. The 23851 zip code is a strong buyer's market, thanks to a big 11 months of inventory to choose from and a pullback in sales.
Comments:

$899K  
The 23851 zip code market seems to be nearing a low, as the number of contracts executed fell to six, the lowest levels since January. Meanwhile, sales came in at 10 homes sold over the last 30 days. In comparison, 23434 led all other nearby zip codes with 94 contracts executed. As contracts found a new bottom, prices have been increasing. The median sales price hit $157,400, extending a four-week long spike. Despite the rising prices, with 12 months of inventory left to work through, the 23851 zip code is still a strong buyer's market.
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23851 is a less affluent than average zip code in Virginia with a median income of $41,496 per household. The population is also considered older than most with a median age of 41 years. With an ownership ratio of 53.0%, most people in the 23851 zip code are homeowners. Heading the list of top schools in the zip code is Moyock Elementary School.
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$125K  
With a confirmed upward trend of new sellers listing homes, including 24 over the last 30 days, and sales that have fallen to nine in that same time frame, the 23851 zip code market will be getting more competitive. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price dropped to $154,900, down from last week's $169,000. The 23851 zip code is a strong buyer's market, due to a big 13 months of inventory left and aided by the dip in sales.
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$499K  
The 23851 zip code market pulled back this week but was still better than normal as sales dropped 18.2% to nine homes sold over the last 30 days. Within the same time frame, the 23434 zip code had 66 sales, the most of all zip codes in the area. The median sales price of all transactions in the 23851 zip code did not budge this week, remaining at $169,000. The 23851 zip code is a solid buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.
Comments:

$499K  
While home sales in the 23851 zip code market have been above average, in this week's report they slid 8.3% to 11 homes sold over the last 30 days. On the other hand, the close-by 23434 zip code registered 71 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 23851 zip code, and the median sales price this period increased from $159,450 to $169,000. The 23851 zip code is a solid buyer's market, thanks to a big 11 months of inventory to choose from and a pullback in sales.
Comments:

$499K  
In this week's report, the number of homes sold in the 23851 zip code market slid to 12 over the past 30 days, a decrease of 7.7% from last week's report, but still above the monthly average. On the other hand, the close-by 23434 zip code registered 76 homes sold in the same period, the most of all surrounding zip codes. Months of inventory continued a steady fall, trending downwards for four weeks to reach 10 months. Along with the slip in sales, the higher-than-normal inventory indicates that the 23851 zip code is a solid buyer's market.
Comments:

$514K  
The 23851 zip code market has established a new upward trend, even as sales fell 15.4% this week to 11 homes 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 $169,000 over the latest reporting period for the 23851 zip code, up from $127,000. The 23851 zip code is a definite buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.
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The population of the 23851 zip code is growing faster than the rest of Virginia, at a 10-year growth rate of 1.2%. It's a larger than average zip code compared to the rest of the state, with 13,739 residents. The 23851 zip code is made up of homes that are relatively old with a median of 36 years. The best school in the zip code is Moyock Elementary School.
Comments:

$499K  
Sales in the 23851 zip code market ticked up to 13 homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with 10 price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price climbed to $127,000, up from last week's $123,750. Despite the uptick in sales, there are still nine months of inventory left to work through, meaning the 23851 zip code is still a strong buyer's market.
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