The population of the 08085 zip code is affluent compared to others in New Jersey with a median income of $86,100 per household. It's also considered an average zip code in terms of affordability with a cost of living adjustment score of 129.4. With a median age of 15 years, homes in the 08085 zip code tend to be relatively new. Leading the list of best schools in the zip code are Bass River Twp Elementary School and Pinelands Reg Jr High School.
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$149K  
There were 21 home sales in the 08085 zip code market over the last 30 days, while coming close to the 26.1 monthly average for the last 12 months. Within the same time frame, the 19061 zip code had 42 sales, the most of all zip codes in the area. Potential buyers should note that prices went up in the 08085 zip code, with the median for this period rising from $223,000 to $247,000. Despite the uptick in sales, there are still 11 months of inventory left to work through, meaning the 08085 zip code is still a definite buyer's market.
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$103K  
Hitting a record low dating back to February, 18 homes were sold in the 08085 zip code market over the last 30 days. This represents a 21.7% drop in sales activity. During the same time frame, 19061 had the most of any other neighboring zip codes with 41 sales. Of course, as sales reached a bottom, months of inventory continued to climb, hitting a three-month high at 13 months. The 08085 zip code is still a definite buyer's market, based on the large amount of inventory to choose from and the downturn in sales.
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$600K  
Over the last 30 days, the 08085 zip code market showed strong improvement with 25 homes sold, closing in on the average sales volume for the prior 12 months. To put it in perspective, the close-by 19061 zip code registered 34 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices went up in the 08085 zip code, with the median for this period rising from $229,500 to $260,000. Even after the uptick in sales, an elevated 10 months of inventory tells us that the 08085 zip code is still a solid buyer's market.
Comments:

$675K  
Over the last 30 days, 20 homes went under contract in the 08085 zip code market, the lowest amount since January. As the market appears to be weakening, there were 23 homes sold over the same period. In comparison, the 19061 zip code had 43 contracts executed in the same time frame, the most of all nearby zip codes. While contracts numbers were weak, the median sales price of those homes came in at $229,500, which extended a price upswing to four weeks. The 08085 zip code is still a definite buyer's market, even with the rising prices, due to the downward trend in contracts numbers and a large 10 months of inventory available.
Comments:

$600K  
In this week's report, the number of homes sold in the 08085 zip code market dropped to 27 over the past 30 days, a decrease of 6.9% from last week's report, but still above the monthly average. On the other hand, the close-by 19061 zip code registered 32 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 08085 zip code, and this period the median price of all sales fell from $210,000 to $207,000. Along with the slip in sales, a relatively high nine months of inventory indicates that the 08085 zip code is a definite buyer's market.
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08085 is a larger than average zip code in New Jersey with 19,216 residents. Also, it has seen a 76.7% increase in population over the last 10 years. Detached homes account for 79% of the area's current housing market. The best schools in the zip code are Bass River Twp Elementary School and Pinelands Reg Jr High School.
Comments:

$675K  
Over the last 30 days, the sale of 29 homes took place in the 08085 zip code market. This shows a 38.1% surge from the prior period and the continuation of an established upward trend. With the trend projected to continue over the next few weeks, sales are expected to rise even further. The median sales price of all transactions in the 08085 zip code did not budge this week, remaining at $210,000. Even with the rising sales, with seven months of inventory available, the 08085 zip code is a still definite buyer's market.
Comments:

$149K  
The 08085 zip code remained below its 12-month average sales volume this week as sales dropped 8.7% to hit 21 homes sold over the last 30 days. Within the same time frame, the 19061 zip code had 26 sales, the most of all zip codes in the area. Months of inventory were further reduced to nine, extending a downward trend to four weeks. The 08085 zip code is a strong buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$431K  
Over the last 30 days, a solid upward trend of new sellers coming into the 08085 zip code market continued, with 50 listings in this week's report. Meanwhile, sales have fallen, with 23 homes selling during the same period. Although the strong new listing numbers suggest otherwise, months of inventory is on a four-week downward trend, this week hitting eight months. The 08085 zip code is a definite buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
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Weichert Realtors-Mullica Hill
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