$379K  
With 10,899 residents, 08051 is an average-sized zip code in New Jersey. However, with an 8.7% increase over the last 10 years, it ranks first in terms of growth. The 08051 zip code market is mostly made up of detached houses, which currently account for 54% of the homes for sale in the area. Topping the list of best schools in the zip code is Frances Demasi Elementary School.
Comments:

$499K  
In this week's report, the number of homes sold in the 08051 zip code market fell to 11 over the past 30 days. It marked a decrease of 8.3% from last week's report and another period below the monthly average. Within the same time frame, the 08080 zip code had 31 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 $91,150 to $75,000. The 08051 zip code is a definite buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
Comments:

$379K  
The 08051 zip code market saw sales remain flat this week with 13 homes sold over the last 30 days and new listings also remain flat at 23. Pricing in the 08051 zip code remains consistent from last week to this week, with the median sales price at $90,000 again. With no movement in sales and the availability of seven months of inventory, the 08051 zip code is a solid buyer's market.
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$149K  
The number of price cuts in the 08051 zip code market climbed to 16 over the last 30 days, furthering an emerging positive trend. Perhaps due to the decreases in list prices, sales increased to 13 homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Prices are falling in the 08051 zip code, and this period the median price of all sales fell from $131,000 to $90,000.
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$499K  
Home sales in the 08051 zip code market remained cold in this week's report as they fell 25.0% to nine homes sold over the last 30 days. In comparison, the nearby 08096 zip code had 31 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $120,000 over the latest reporting period for the 08051 zip code, down from $132,250. Along with the slip in sales, a relatively high nine months of inventory indicates that the 08051 zip code is a strong buyer's market.
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$890K  
The 08051 zip code market closed in on its 12-month sales average this week with 12 homes sold over the last 30 days. In comparison, the nearby 08096 zip code had 41 sales in the same time frame, the most of all neighboring zip codes. The median sales price continued to rise, trending upwards for four weeks to reach $132,250. Even with rising prices, a high seven months of inventory remaining tells us that the 08051 zip code is still a definite buyer's market.
Comments:

$309K  
There were 11 home sales in the 08051 zip code market over the last 30 days, while coming close to the 12.8 monthly average for the last 12 months. In comparison, the nearby 08096 zip code had 32 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $146,000, down from last week's $146,500. The 08051 zip code is still a definite buyer's market, due to the availability of seven months of remaining inventory, even after the uptick in sales.
Comments:

$379K  
08051 is a less affluent than average zip code in New Jersey with a median income of $64,855 per household. The population is also considered older than most with a median age of 40 years. With an ownership ratio of 79.8%, most people in the 08051 zip code are homeowners. Heading the list of top schools in the zip code is Frances Demasi Elementary School.
Comments:

$499K  
Over the last 30 days, the 08051 zip code market showed healthy signs with 10 homes sold. It marks a 25.0% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. Within the same time frame, the 08096 zip code had 44 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 $148,750 to $146,500. The 08051 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.
Comments:

$309K  
The 08051 zip code market pulled back with a 38.5% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 12.8 monthly average with eight homes sold. In comparison, the nearby 08096 zip code had 43 sales in the same time frame, the most of all neighboring zip codes. Months of inventory continued a steady rise, trending upwards for four weeks to reach 11 months. The 08051 zip code is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
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