08049 is a less affluent than average zip code in New Jersey with a median income of $55,323 per household. The population is also considered older than most with a median age of 39 years. With an ownership ratio of 71.6%, most people in the 08049 zip code are homeowners. The best school in the zip code is Mary Bray.
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$234K  
The 08049 zip code market got good news this week as sales spiked 55.6% to reach 14 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. In comparison, the nearby 08096 zip code had 62 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 08049 zip code, and for this period the median sales price slid from $183,000 to $161,750. With only three months of inventory and rising sales, the 08049 zip code is a seller's market.
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$172K  
More sellers put their homes up for sale in the 08049 zip code market over the last 30 days and the number of new listings rose this week to 16. Home sales remained unchanged from the prior period and once again nine homes were sold. The median sales price remained unchanged over the latest reporting period for the 08049 zip code, coming in at $183,000.
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$122K  
The 08049 zip code remained below its 12-month average sales volume this week as sales fell 11.1% to hit eight homes sold over the last 30 days. On the other hand, the close-by 08096 zip code registered 62 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose to $167,950 over the latest reporting period for the 08049 zip code, up from $149,900. Along with the slip in sales, a relatively high seven months of inventory indicates that the 08049 zip code is a definite buyer's market.
Comments:

$239K  
The 08049 zip code market remained soft with six homes sold in the last 30 days, a 25.0% sales drop. On the other hand, the close-by 08096 zip code registered 54 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose dramatically to $136,000, up from last week's $108,500. The 08049 zip code is a definite buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
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The population of the 08049 zip code is growing slower than the rest of New Jersey, at a 10-year growth rate of -2.2%. It's a smaller-than-average zip code compared to the rest of the state, with 5,400 residents. Homes in the 08049 zip code are older than most with a median age of 50 years. The best school in the zip code is Mary Bray.
Comments:

$229K  
The 08049 zip code market closed in on its 12-month sales average this week as sales rose 14.3% to reach eight homes sold over the last 30 days. In comparison, the nearby 08096 zip code had 50 sales in the same time frame, the most of all neighboring zip codes. The median sales price rose to $108,500, up from last week's $85,000. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning the 08049 zip code is still a definite buyer's market.
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$189K  
The 08049 zip code market might be cooling off in the coming weeks. Sales fell this week to eight homes sold over the last 30 days, and there is a confirmed downward trend in the number of new listings, with 12 going live in the same time frame. The median sales price tumbled to $86,000 over the latest reporting period for the 08049 zip code, down from $140,000. The 08049 zip code is a solid buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
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$175K  
The number of price cuts in the 08049 zip code market climbed to 18 over the last 30 days, furthering a recent positive trend. Perhaps due to the decreases in list prices, sales increased to eight homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price dropped to $115,000, down from last week's $143,000. The 08049 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:

$120K  
The 08049 zip code market got good news in this week's report, as the number of home sales climbed 14.3%, pushing the total to eight homes sold over the last 30 days. At the same time, the 08012 zip code reported 46 home sales, the highest number from all the surrounding zip codes. Prices are falling in the 08049 zip code, and this period the median price of all sales fell from $162,000 to $114,000. The 08049 zip code is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
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Ask a local expert about this area:
Weichert Realtors-Cherry Hill
Snapped 6 homes in this area
Bhhs Fox & Roach-Marlton
Snapped 1 home in this area
Lenny, Vermaat & Leonard, Inc. Realtors Inc
Snapped 1 home in this area

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