Zipcode 22205 encompasses multiple neighborhoods but is referred to in the MLS states as Westover. The closest metro is the East Falls Church (orange and silver line). There is a retail neighborhood here (upcoming post), that is growing and from a real estate perspective the neighborhood has become increasingly popular.
The average sold price was down from $889,723 in 2014 to $814,583. The average sales price is bolstered by the fact that most sales in this zip code are detached single family homes and a few larger more expensive town homes. Total units sold went up slightly to 12 from 11 the previous year. The average days on market increased to 50 days from 36.
To me this represents a fairly stable market. One or two sales can easily account for the the change in average sold price. It’s not enough to establish any kind of trend. The days on market is something to keep an eye on but if you look deeper you will see that 7 of the 12 homes sold in less than 20 days. The home that sold in the 181-360 day range brought the average days on market way up. However, you are considering selling, take this as a sign that an overpriced home can sit on the market for a very long time.