$384K  
With two homes sold in the 08061 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with eight new listings for buyers to choose from. Months of inventory continued a steady rise, trending upwards for four weeks to reach 14 months. With decreasing sales and the availability of so much inventory, the 08061 zip code is a definite buyer's market.
Comments:

$150K  
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. The 08061 zip code is an area where the vast majority of people own their homes, with an ownership ratio of 86.6%. The best school in the zip code is Red Bank Elementary School.
Comments:

$124K  
The 08061 zip code market stayed sluggish with two homes sold in the last 30 days, a 33.3% sales drop. In comparison, the nearby 08080 zip code had 35 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 08061 zip code, and the median sales price this period increased from $215,000 to $272,500. Along with the slip in sales, a relatively high 14 months of inventory indicates that the 08061 zip code is a definite buyer's market.
Comments:

$124K  
The 08061 zip code market may be experiencing a pronounced pullback, but sales managed an uptick this week of 200.0% to three homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price of all transactions in the 08061 zip code did not budge this week, remaining at $215,000. The 08061 zip code is still a solid buyer's market, due to the availability of 10 months of remaining inventory, even after the uptick in sales.
Comments:

$124K  
The 08061 zip code market remained cool this week as sales dropped 50.0% to land at one home 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 of homes sold came in at $215,000, which extended a downward swing in price to four weeks. The 08061 zip code is a definite buyer's market, due to falling prices and a large 30 months of inventory left.
Comments:

$225K  
The number of homes coming into the 08061 zip code market stayed firm with six listings over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. Pricing in the 08061 zip code remains consistent from last week to this week, with the median sales price at $177,250 again. The 08061 zip code is a definite buyer's market, thanks to a big 14 months of inventory to choose from and the flat sales.
Comments:

$124K  
Home sales in the 08061 zip code market stayed sluggish in this week's report as they fell 50.0% to two homes sold over the last 30 days. Meanwhile, the 08096 zip code reported 32 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $177,250 over the latest reporting period for the 08061 zip code, down from $238,250. With decreasing sales and the availability of 14 months of inventory, the 08061 zip code is a strong buyer's market.
Comments:

$389K  
More sellers put their homes up for sale in the 08061 zip code market over the last 30 days and the number of new listings rose this week to five. Home sales remained unchanged from the prior period and once again four homes were sold. Pricing in the 08061 zip code remains consistent from last week to this week, with the median sales price at $238,250 again. Along with flat sales, a relatively high seven months of inventory indicates that the 08061 zip code is a strong buyer's market.
Comments:

$299K  
The population of the 08061 zip code is affluent compared to others in New Jersey with a median income of $81,939 per household. It's also considered a less expensive zip code in terms of affordability with a cost of living adjustment score of 119.1. The 08061 zip code is made up of homes that are considered relatively new with a median of 13 years. The top school in the zip code is Red Bank Elementary School.
Comments:

$370K  
With a new downward trend of new sellers listing homes, including four over the last 30 days, and sales that remained flat at four in that same time frame, the 08061 zip code market will be cooling. A months of inventory number of seven reported this week continued a four-week downward trend, likely due to the weak number of new listings in the area. Along with the slip in sales, the higher-than-normal inventory indicates that the 08061 zip code is a definite buyer's market.
Comments:
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