$3M  
The 08055 zip code market saw sales jump 10.5% and it is currently in the midst of a prolonged upward sales trend, including 42 homes sold over the last 30 days. The current sales trend should be moving forward over the next few weeks, continuing to provide a rise in numbers. As the strong sales numbers suggest, months of inventory is on an eight-week downward trend, this week hitting seven months. Despite the rising sales trend, the large amount of remaining inventory indicates that the 08055 zip code is still a definite buyer's market.
Comments:

$1.1M  
The 08055 zip code market showed gains in this week's report, as the number of sales went up to 37 homes sold over the last 30 days. In comparison, the nearby 08054 zip code had 77 sales in the same time frame, the most of all neighboring zip codes. The median sales price rose to $310,000, up from last week's $286,950. Even after the uptick in sales, an elevated seven months of inventory tells us that the 08055 zip code is still a strong buyer's market.
Comments:

$1.1M  
There were 36 home sales in the 08055 zip code market over the last 30 days, while coming close to the 40.5 monthly average for the last 12 months. At the same time, the 08054 zip code reported 77 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices are coming down in the 08055 zip code, and for this period the median sales price slid from $340,000 to $286,950. Even after the uptick in sales, an elevated eight months of inventory tells us that the 08055 zip code is still a definite buyer's market.
Comments:

$727K  
With home sales in the 08055 zip code market already below average, in this week's report they fell 5.9% to 32 homes sold over the last 30 days. Within the same time frame, the 08053 zip code had 66 sales, the most of all zip codes in the area. The median sales price remained unchanged over the latest reporting period for the 08055 zip code, coming in at $335,000. The 08055 zip code is a strong buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
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The population of the 08055 zip code is very affluent compared to others in New Jersey with a median income of $99,238 per household. It's also considered an average zip code in terms of affordability with a cost of living adjustment score of 139.5. The 08055 zip code is made up of homes that are relatively old with a median of 33 years. Heading the list of top schools in the zip code is South Valley.
Comments:

$3M  
The 08055 zip code market slowed with a 10.5% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 37.9 monthly average with 34 homes sold. On the other hand, the close-by 08054 zip code registered 57 homes sold in the same period, the most of all surrounding zip codes. The average selling price hit a milestone at $335,000, a three-month high. The 08055 zip code is a solid buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$1.2M  
The 08055 zip code market broke below its 12-month average sales volume this week as sales fell 2.6% to hit 37 homes sold over the last 30 days. In comparison, the nearby 08054 zip code had 60 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 08055 zip code, and the median sales price this period increased from $320,000 to $335,000. The 08055 zip code is a solid buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
Comments:

$339K  
The 08055 zip code market showed gains in this week's report, as the number of home sales climbed 23.3%, pushing the total to 37 homes sold over the last 30 days. To put it in perspective, the close-by 08054 zip code registered 56 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 08055 zip code, and the median sales price this period increased from $268,950 to $320,000.
Comments:

$3M  
A record 29 homes were sold in the 08055 zip code market over the last 30 days, which is a new high going back to December. This is a 11.5% spike from the previous period. When comparing other close-by zip codes within the same period, the most came from the 08054 zip code with 58 sales. The median sales price dropped to $277,900, down from last week's $298,950. The 08055 zip code is a still solid buyer's market with seven months of remaining inventory, even with the rising sales numbers.
Comments:

$3M  
08055 is a larger than average zip code in New Jersey with 27,545 residents. Its population is also growing slower than others at a 10-year growth rate of 3.5%. Keep in mind, the vast majority of people in the 08055 zip code own their homes, with an 83.6% ownership ratio. The best school in the zip code is South Valley.
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