$110K  
Sales fell to 11 homes sold over the last 30 days in the 08051 zip code market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to 17 for the same period. As new listings trended lower, prices have also been falling. The median sales price dropped to $100,000, extending a four-week long spiral. With prices falling, the availability of nine months of inventory means that the 08051 zip code is a strong buyer's market.
Comments:

$379K  
In this week's report, the number of homes sold in the 08051 zip code market dropped to 15 over the past 30 days, a decrease of 6.2% from last week's report, but still above the monthly average. Within the same time frame, the 08080 zip code had 33 sales, the most of all zip codes in the area. Prices are rising in the 08051 zip code, and the median sales price this period increased from $106,000 to $122,500.
Comments:

$192K  
The number of home sales in the 08051 zip code market climbed 14.3% to 16 homes over the last 30 days. Within the same time frame, the 08080 zip code had 34 sales, the most of all zip codes in the area. Prices are falling in the 08051 zip code, and this period the median price of all sales fell from $117,250 to $106,000.
Comments:

$379K  
The 08051 zip code has a population that is older than most in New Jersey with a median age of 40 years. Also, it's less affluent than average with a median income of $64,855 per household. Keep in mind, most people in the 08051 zip code own their homes, with a 79.8% ownership ratio. Heading the list of top schools in the zip code is Frances Demasi Elementary School.
Comments:

$499K  
Over the last 30 days, a confirmed downward trend of new sellers coming into the 08051 zip code market continued, with 17 listings in this week's report. Meanwhile, sales fell, with 14 homes selling during the same period. The median sales price dropped to $117,250 over the latest reporting period for the 08051 zip code, down from $135,000. With decreasing sales and the availability of seven months of inventory, the 08051 zip code is a strong buyer's market.
Comments:

$499K  
The 08051 zip code market pulled back with a 16.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (13.0) with 15 homes sold. Meanwhile, the 08080 zip code reported 35 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices went up in the 08051 zip code, with the median for this period rising from $127,450 to $135,000.
Comments:

$890K  
Despite a 19.0% drop in sales over the last 30 days, the 08051 zip code market extended a three-week hot streak with a total of 17 homes sold in that span. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Prices are falling in the 08051 zip code, and this period the median price of all sales fell from $168,000 to $135,000.
Comments:

$135K  
The 08051 zip code market pulled back this week but was still better than normal as sales slid 4.5% to 21 homes sold over the last 30 days. On the other hand, the close-by 08080 zip code registered 43 homes sold in the same period, the most of all surrounding zip codes. Months of inventory in the 08051 zip code was flat at four but prices came down, as the median sales price dropped to $168,000.
Comments:

$379K  
The number of home sales in the 08051 zip code market spiked 31.2% to 21 homes over the last 30 days. Within the same time frame, the 08080 zip code had 50 sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 08051 zip code, and for this period the median sales price slid from $168,450 to $168,000.
Comments:

$379K  
08051 is an average-sized zip code in New Jersey with a population of 10,899 people. Although it does rank as the fastest growing, at a 10-year growth rate of 8.7%. The 08051 zip code market is mostly made up of detached homes, currently accounting for 51% overall. Heading the list of top schools in the zip code is Frances Demasi Elementary School.
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