The story of this market
The typical home in ZIP 22508 sells for about $409,000, or $205 per square foot.
Prices are down 6.5% from a year ago, which gives buyers more room to negotiate. Homes take about 474 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,796 a month.
ZIP 22508 — Locust Grove
The housing market in 22508 is currently experiencing a cooling trend, with median prices declining by 6.5% year-over-year. Market activity is limited, characterized by low inventory and a competitive score of 57 out of 100.
Median prices moved down 6.5% year over year.
Homes spend a median of 474 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 7.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 22508
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
not determinable
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.