The population of the 23878 zip code is somewhat affluent compared to others in Virginia with a median income of $46,055 per household. It's also considered an average zip code in terms of affordability with a cost of living adjustment score of 98.0. Homes in the 23878 zip code are relatively old with a median age of 35 years.
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$249K  
The number of sellers who put their homes up for sale in the 23878 zip code market over the last 30 days remained flat this week at two. Home sales also remained unchanged from the prior period and once again three homes were sold. The median sales price of all transactions in the 23878 zip code did not budge this week, remaining at $209,900. In spite of flat sales, a low one month of inventory signals that the 23878 zip code is a definite seller's market.
Comments:

$249K  
The 23878 zip code market showed strong improvement in this week's report, as the number of sales went up to two homes sold over the last 30 days. In comparison, the nearby 23842 zip code had 14 sales in the same time frame, the most of all neighboring zip codes. With only two months of inventory and rising sales, the 23878 zip code is a definite seller's market.
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$175K  
The 23878 zip code market reported another in a series of 30-day periods with zero home sales. The 23878 zip code usually averages 1.3 sales per month.
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$175K  
The 23878 zip code market remains completely quiet as, once again this week, no sales were reported over the previous 30 days. The 23878 zip code usually averages 1.4 sales per month.
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$265K  
Over the last 30 days, no deals were completed in the 23878 zip code market. It further extends a one-week downward trend in sales.
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With 1,132 residents, 23878 is a smaller-than-average zip code in Virginia. Also, with 25.0 people per square mile, it has a much lower than average density in comparison to other parts of the state. Keep in mind, most people in the 23878 zip code own their homes, with a 70.8% ownership ratio.
Comments:

$265K  
With one home sold in the 23878 zip code market over the last 30 days, we see no change from last week's numbers. However, three new listings came into the market. The median sales price in the 23878 zip code stayed flat at $125,000 while months of inventory shot up to four.
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$349K  
The 23878 zip code market pulled back with a 50.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 1.3 monthly average with one home sold. Within the same time frame, the 23851 zip code had six sales, the most of all zip codes in the area. The median sales price dropped to $125,000, potentially helping to offset the four months of inventory left to be sold.
Comments:

$349K  
More sellers put their homes up for sale in the 23878 zip code market over the last 30 days and the number of new listings rose this week to one. Home sales remained unchanged from the prior period and once again one home was sold. The median sales price of homes sold came in at $224,900, which extended a price upswing to four weeks. Despite the flat sales, a relatively low three months of inventory remaining indicates that the 23878 zip code is a seller's market.
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