$195K  
The 08081 zip code has a cost of living adjustment score of 112.2, which is much less expensive when compared to others in New Jersey. Also, the area is considered somewhat affluent with a median income of $72,352 per household. With a median age of 23 years, homes in the 08081 zip code tend to be of moderate age.
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$195K  
The 08081 zip code market warmed up this week as sales climbed 2.7% to hit 75 homes sold over the last 30 days. To put it in perspective, the close-by 08021 zip code registered 42 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $144,100 over the latest reporting period for the 08081 zip code, down from $145,000.
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$109K  
The 08081 zip code market pulled back this week but was still better than normal as sales dropped 2.7% to 73 homes sold over the last 30 days. Meanwhile, the 08021 zip code reported 44 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $147,000, up from last week's $140,000.
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$130K  
The 08081 zip code market was active this week as sales rose 22.0% to hit 72 homes sold over the last 30 days. In comparison, the nearby 08021 zip code had 47 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 08081 zip code, and the median sales price this period increased from $143,000 to $145,550.
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$189K  
The 08081 zip code market showed gains this week as sales rose 9.4% to reach 58 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. To put it in perspective, the close-by 08021 zip code registered 50 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 08081 zip code, and the median sales price this period increased from $143,000 to $143,550. Even after the uptick in sales, an elevated eight months of inventory tells us that the 08081 zip code is still a definite buyer's market.
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$299K  
Home sales ticked up to 50 homes sold over the last 30 days, providing a lift to the 08081 zip code market. That may continue, due to a three-week upward trend for contracts, with 92 in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Pricing in the 08081 zip code remains consistent from last week to this week, with the median sales price at $143,950 again. Despite the rising contracts trend, with nine months of inventory to work through, the 08081 zip code is a still definite buyer's market.
Comments:

$195K  
08081 is a larger than average zip code in New Jersey with 49,300 residents. Its population is growing slightly faster than the rest of the state, at a 10-year growth rate of 14.0%. Keep in mind, most people in the 08081 zip code own their homes, with a 79.2% ownership ratio.
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$300K  
In this week's report, the number of homes sold in the 08081 zip code market fell to 33 over the past 30 days, a decrease of 28.3% from last week's report. On the other hand, the close-by 08094 zip code registered 44 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 08081 zip code, and this period the median price of all sales fell from $146,000 to $144,900. The 08081 zip code is a strong buyer's market, due to a big 13 months of inventory left and aided by the dip in sales.
Comments:

$103K  
The 08081 zip code remained below its 12-month average sales volume this week as sales fell 15.1% to hit 45 homes sold over the last 30 days. Meanwhile, the 08094 zip code reported 48 home sales, the highest number from all the surrounding zip codes. Prices fell lower as this week's reported median sales price of $147,000 continued a four-week downward trend. With prices falling, the availability of 10 months of inventory means that the 08081 zip code is a definite buyer's market.
Comments:

$112K  
The 08081 zip code market slowed with a 13.1% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 56.2 monthly average with 53 homes sold. Meanwhile, the 08021 zip code reported 51 home sales, the highest number from all the surrounding zip codes. The median sales price of all transactions in the 08081 zip code did not budge this week, remaining at $145,000. The 08081 zip code is a definite buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
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