$360K  
The 08022 zip code market will be getting more competitive in the short term. Sales have fallen this week to seven homes sold over the last 30 days, and there is also a new upward trend of new listings, with 14 going live in the same time frame. As new listings came into the market, months of inventory continued to climb as well, trending upwards for four weeks to reach 10 months. The 08022 zip code is a definite buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$105K  
08022 is an average-sized zip code in New Jersey with a population of 9,251 residents. Also, it has a much lower than average density with 283.2 people per square mile. The 08022 zip code is an area where the vast majority of people own their homes, with an ownership ratio of 91.2%.
Comments:

$105K  
Sales in the 08022 zip code market hit their lowest level since May. For the prior 30-day period, there were seven homes sold, a decrease of 12.5%. The market has been in a downward trend for three weeks. When comparing other close-by zip codes within the same period, the most came from the 19067 zip code with 36 sales. As anticipated when sales reached a new low, the amount of available homes increased to 10 months worth, a nine-month high. The 08022 zip code is still a solid buyer's market, based on the large amount of inventory to choose from and the downturn in sales.
Comments:

$105K  
The 08022 zip code market saw 10 homes go under contract and failed to break out of a long downward trend. Along with that, total home sales fell to eight over the last 30 days. The median sales price rose to $254,000 over the latest reporting period for the 08022 zip code, up from $232,000. The 08022 zip code is a solid buyer's market, due to a downward trend in contracts numbers and eight months of inventory remaining.
Comments:

$949K  
There were nine homes sold in the 08022 zip code market over the last 30 days. During the same period, the total number of price reductions was 33, the most since August. In comparison, 08016 led all other nearby zip codes with 61 price reductions. Prices are falling in the 08022 zip code, and this period the median price of all sales fell from $258,000 to $232,000. The 08022 zip code is a solid buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
Comments:

$949K  
This week in the 08022 zip code market, sales fell to 10 homes sold over the last 30 days, even as it endures a budding upward trend in price reductions, with 28 reported in the same time frame. Prices are rising in the 08022 zip code, and the median sales price this period increased from $204,750 to $291,500. With decreasing sales and the availability of seven months of inventory, the 08022 zip code is a definite buyer's market.
Comments:

$918K  
The 08022 zip code market broke below its 12-month average sales volume this week as sales dropped 33.3% to hit 12 homes sold over the last 30 days. On the other hand, the close-by 19067 zip code registered 33 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose to $204,750, up from last week's $192,500.
Comments:

$105K  
08022 is a zip code in New Jersey. It's somewhat affluent and the cost of living is less expensive compared to the rest of the state, with a median income of $74,477 per household and cost of living adjustment score of 119.8. The 08022 zip code is made up of homes that are of moderate age with a median of 18 years.
Comments:

$949K  
The 08022 zip code market saw sales spike 5.9% and it is currently in the midst of a recent upward sales trend, including 18 homes sold over the last 30 days. Sales numbers should rise over the next few weeks as well with all signs pointing to a continuation of the existing trend. The median sales price dropped to $192,500, potentially helping to offset the four months of inventory left to be sold.
Comments:

$949K  
With a determined downward trend of new sellers listing homes, including eight over the last 30 days, and sales that remained flat at 18 in that same time frame, the 08022 zip code market will be slowing. The median sales price in the 08022 zip code stayed flat at $207,250 while months of inventory was flat at four.
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Ask a local expert about this area:
Coldwell Banker Schiavone & Assoc.
Snapped 4 homes in this area
RE/MAX at Home
Snapped 3 homes in this area
Berkshire Hathaway Home Services Fox & Roach
Snapped 12 homes in this area

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