In this week's report, the number of homes sold in the 08104 zip code market fell to 16 over the past 30 days, a decrease of 5.9% from last week's report, but still above the monthly average. In comparison, the nearby 19148 zip code had 51 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices went up in the 08104 zip code, with the median for this period rising from $21,500 to $22,449. With decreasing sales and the availability of seven months of inventory, the 08104 zip code is a solid buyer's market.
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08104 is a zip code in New Jersey. It's much less affluent than average and the cost of living is much less expensive compared to the rest of the state, with a median income of $29,314 per household and cost of living adjustment score of 89.4. The 08104 zip code is made up of homes that are older than most with a median of 62 years. Topping the list of best schools in the zip code is Clementon Elementary School.
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Over the last 30 days, the sale of 16 homes took place in the 08104 zip code market. This shows a 6.7% jump from the prior period and the continuation of an established upward trend. Potential buyers should note that prices are coming down in the 08104 zip code, and for this period the median sales price slid from $21,500 to $20,750. The 08104 zip code is a still strong buyer's market with seven months of remaining inventory, even with the rising sales numbers.
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Sales in the 08104 zip code market fell to 16 homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with 13 price reductions in the same time frame. Even as the number of sellers lowering their price trended down, the median sales price continued to fall, hitting a three-month low at $19,762. The 08104 zip code is a strong buyer's market, due to falling prices and a large seven months of inventory left.
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The 08104 zip code market showed positive signs this week as sales rose 6.7% to hit 16 homes sold over the last 30 days. To put it in perspective, the close-by 19148 zip code registered 60 homes sold in the same period, the most of all surrounding zip codes. Prices fell lower as this week's reported median sales price of $30,475 continued a four-week downward trend. The 08104 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of such a large amount of remaining inventory.
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$130K  
The 08104 zip code market saw sales drop 22.2% this week but it is currently in the midst of a new upward sales trend, including 14 homes sold over the last 30 days. The median sales price rose dramatically to $34,125 over the latest reporting period for the 08104 zip code, up from $26,450. With decreasing sales and the availability of eight months of inventory, the 08104 zip code is a solid buyer's market.
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Over the last 30 days, the number of homes sold in the 08104 zip code rose to 16. While the sales increased, the amount of pending transactions also trended upward, reaching a total of 16 during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Pricing in the 08104 zip code remains consistent from last week to this week, with the median sales price at $26,450 again. Despite the rising contracts trend, with seven months of inventory to work through, the 08104 zip code is a still definite buyer's market.
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Over the last 30 days, the 08104 zip code market was very active with 13 homes sold, a 30.0% increase from last week's report. Within the same time frame, the 19148 zip code had 45 sales, the most of all zip codes in the area. Prices are rising in the 08104 zip code, and the median sales price this period increased from $25,450 to $27,000. The 08104 zip code is still a strong buyer's market, due to the availability of nine months of remaining inventory, even after the uptick in sales.
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08104 is a larger than average zip code in New Jersey with 23,487 residents. Also, it has a much higher than average density with 7,977.7 people per square mile. The 08104 zip code is an area where most people lease the homes they live in, with a renting ratio of 54.7%. Heading the list of top schools in the zip code is Clementon Elementary School.
Comments:

$130K  
New listings have fallen in the 08104 zip code market, reaching a low that hasn't been seen since July. They also had a 30-day tally of nine sales. In comparison, the 19147 zip code had 119 new listings in the same time frame, the most of all nearby zip codes. The median sales price dropped to $25,900, down from last week's $26,501. The 08104 zip code is still a strong buyer's market, even after the decrease in new listings, due to the large 12 months of inventory left.
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