08318 is an average-sized zip code in New Jersey with 13,003 residents. Also, it has seen a 5.4% increase in population over the last 10 years. The 08318 zip code market almost exclusively consists of detached houses, accounting for 98% of the current homes in the area.
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$224K  
The 08318 zip code market pulled back this week but was still better than normal as sales fell 6.2% to 15 homes sold over the last 30 days. On the other hand, the close-by 08332 zip code registered 26 homes sold in the same period, the most of all surrounding zip codes. The median sales price in the 08318 zip code stayed put this week at $150,000. With decreasing sales and the availability of seven months of inventory, the 08318 zip code is a strong buyer's market.
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$699K  
In this week's report, the number of homes sold in the 08318 zip code market fell to 13 over the past 30 days, a decrease of 18.8% from last week's report, but still above the monthly average. On the other hand, the close-by 08332 zip code registered 26 homes sold in the same period, the most of all surrounding zip codes. The median sales price of all transactions in the 08318 zip code did not budge this week, remaining at $150,000. Along with the slip in sales, a relatively high eight months of inventory indicates that the 08318 zip code is a strong buyer's market.
Comments:

$224K  
The 08318 zip code market looked solid this week as sales rose 9.1% to hit 12 homes sold over the last 30 days. In comparison, the nearby 08332 zip code had 32 sales in the same time frame, the most of all neighboring zip codes. The median sales price rose to $169,950, up from last week's $169,900. The 08318 zip code is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of nine months of remaining inventory.
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$230K  
The 08318 zip code market saw sales remain flat this week with 15 homes sold over the last 30 days, while new listings climbed to 17. Pricing in the 08318 zip code remains consistent from last week to this week, with the median sales price at $125,000 again. The 08318 zip code is a strong buyer's market, thanks to a big seven months of inventory to choose from and the flat sales.
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08318 is a zip code in New Jersey, and is somewhat affluent with a median income of $67,743 per household. It's younger than the rest of the state, with a median age of 42. The 08318 zip code is an area where the vast majority of people own their homes, with an ownership ratio of 83.3%.
Comments:

$699K  
This week marked a nine-week trend in sales growth for the 08318 zip code market. It resulted in 15 homes selling over 30 days, which is a 7.1% jump from last week's number and also the highest amount since July. When comparing other close-by zip codes within the same period, the most came from the 08332 zip code with 28 sales. As sales hit a plateau, months of inventory continued to fall, trending downwards for eight weeks to reach seven months. Despite the rising sales trend, the large amount of remaining inventory indicates that the 08318 zip code is still a definite buyer's market.
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$325K  
Over the last 30 days, the 08318 zip code market was very busy with 13 homes sold, a 30.0% increase from last week's report. In comparison, the nearby 08332 zip code had 25 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $135,000, down from last week's $154,500. The 08318 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:

$460K  
The 08318 zip code market showed strong improvement this week as sales spiked 80.0% to reach nine homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. Within the same time frame, the 08332 zip code had 25 sales, the most of all zip codes in the area. Prices are falling in the 08318 zip code, and this period the median price of all sales fell from $187,000 to $184,000. The 08318 zip code is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of nine months of remaining inventory.
Comments:

$699K  
The 08318 zip code market saw sales remain flat this week but it is currently in the midst of a budding upward sales trend, including five homes sold over the last 30 days. The median sales price in the 08318 zip code stayed put this week at $187,000. Along with flat sales, a relatively high 18 months of inventory indicates that the 08318 zip code is a definite buyer's market.
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