$289K  
The 08061 zip code market reported eight contracts in the last 30 days, the highest amount since August. During the same period, two sales were completed. In comparison, 08080 led all other nearby zip codes with 70 contracts executed. As contracts reached a top, months of inventory climbed along with it, hitting a six-month high at 18 months. The 08061 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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$289K  
The number of homes coming into the 08061 zip code market fell to five listings over the last 30 days, while sales remained right where they were as once again three homes were sold over the same period. The median sales price of all transactions in the 08061 zip code did not budge this week, remaining at $216,250. With no movement in sales and the availability of 12 months of inventory, the 08061 zip code is a definite buyer's market.
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$229K  
Over the last 30 days, an emerging downward trend of new sellers coming into the 08061 zip code market continued, with five listings in this week's report. Meanwhile, sales fell, with three homes selling during the same period. Prices are falling in the 08061 zip code, and this period the median price of all sales fell from $276,000 to $216,250. The 08061 zip code is a definite buyer's market, due to a big 11 months of inventory left and aided by the dip in sales.
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With 2,232 residents, 08061 is a small zip code in New Jersey. Also, with 1,587.9 people per square mile, it has an average density in comparison to other parts of the state. Keep in mind, the vast majority of people in the 08061 zip code own their homes, with an 86.6% ownership ratio. Topping the list of best schools in the zip code is Red Bank Elementary School.
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$135K  
The 08061 zip code market saw sales remain flat this week with four homes sold over the last 30 days but new listings fell to five. Pricing in the 08061 zip code remains consistent from last week to this week, with the median sales price at $305,500 again. The 08061 zip code is a solid buyer's market, thanks to a big nine months of inventory to choose from and the flat sales.
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$274K  
The 08061 zip code market broke below its 12-month average sales volume this week as sales fell 20.0% to hit four homes sold over the last 30 days. On the other hand, the close-by 08096 zip code registered 50 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices went up in the 08061 zip code, with the median for this period rising from $276,000 to $305,500. Along with the slip in sales, a relatively high nine months of inventory indicates that the 08061 zip code is a solid buyer's market.
Comments:

$274K  
The number of sellers reducing prices in the 08061 zip code market trended up to 13 over the last 30 days, extending a nine-week streak. During the same period, five sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. While price reduction from sellers trended higher, the amount of available homes decreased, falling to eight months worth of inventory, its lowest point since January. Even after uptick in sales, such a large amount of remaining inventory tells us that the 08061 zip code is still a strong buyer's market.
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$114K  
There were four home sales in the 08061 zip code market over the last 30 days, while coming close to the 4.2 monthly average for the last 12 months. At the same time, the 08080 zip code reported 46 home sales, the highest number from all the surrounding zip codes. Prices are rising in the 08061 zip code, and the median sales price this period increased from $200,000 to $222,500. The 08061 zip code is still a definite buyer's market, due to the availability of nine months of remaining inventory, even after the uptick in sales.
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$449K  
The number of sellers who put their homes up for sale in the 08061 zip code market over the last 30 days remained flat this week at 10. Home sales also remained unchanged from the prior period and once again three homes were sold. The median sales price in the 08061 zip code stayed put this week at $200,000. The 08061 zip code is a solid buyer's market, due to a big 12 months of inventory left and aided by the flat sales.
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$150K  
08061 is a zip code in New Jersey. It's affluent and the cost of living is less expensive compared to the rest of the state, with a median income of $81,939 per household and cost of living adjustment score of 119.1. The 08061 zip code is made up of homes that are relatively new with a median of 13 years. The top school in the zip code is Red Bank Elementary School.
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