With 18,826 residents, 08505 is a larger than average zip code in New Jersey. Also, with a 30.7% increase over the last 10 years, its population is growing slower than other parts of the state. Detached homes account for 62% of the area's current housing market.
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$650K  
The 08505 zip code market was solid this week as sales climbed 3.2% to hit 32 homes sold over the last 30 days. Within the same time frame, the 19067 zip code had 70 sales, the most of all zip codes in the area. Prices were able to climb as this week's reported median sales price of $253,500 continued an eight-week upswing.
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$389K  
The 08505 zip code market looked very busy this week as sales spiked 26.1% to hit 29 homes sold over the last 30 days. At the same time, the 19067 zip code reported 67 home sales, the highest number from all the surrounding zip codes. Prices are coming down in the 08505 zip code, as the median sales price dropped to $249,900, while months of inventory also fell to four.
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$442K  
Over the last 30 days, the 08505 zip code market was active with 23 homes sold. It marks a 21.1% increase from last week's report, while also topping the average sales volume for the prior 12 months. Within the same time frame, the 19067 zip code had 73 sales, the most of all zip codes in the area. The median sales price rose to $250,000 over the latest reporting period for the 08505 zip code, up from $249,900.
Comments:

$650K  
With 13 homes sold in the 08505 zip code market over the last 30 days, we see no change from last week's numbers. However, 36 new listings came into the market. The median sales price has been increasing as it hit $235,500, extending a four-week long spike. The 08505 zip code is a solid buyer's market, due to a big nine months of inventory left and aided by the flat sales.
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The 08505 zip code has a population that is older than most in New Jersey with a median age of 40 years. Also, it's somewhat affluent with a median income of $73,111 per household. It should be noted that at 72.8%, most people own their homes in the 08505 zip code.
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$269K  
Sales in the 08505 zip code market fell to 13 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 36, which continues a determined upward trend in price reductions. The median sales price remained unchanged over the latest reporting period for the 08505 zip code, coming in at $230,000. With decreasing sales and the availability of nine months of inventory, the 08505 zip code is a definite buyer's market.
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$129K  
While home sales in the 08505 zip code market have been above average, in this week's report they dropped 14.3% to 18 homes sold over the last 30 days. In comparison, the nearby 19067 zip code had 56 sales in the same time frame, the most of all neighboring zip codes. The median sales price climbed to $232,750 over the latest reporting period for the 08505 zip code, up from $230,000. The 08505 zip code is a definite buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
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$459K  
Sales have fallen to 21 homes sold over the last 30 days in the 08505 zip code market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to 43 for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price rose to $230,000 over the latest reporting period for the 08505 zip code, up from $220,000.
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$289K  
Over the last 30 days, the number of homes sold in the 08505 zip code inched up to 23. While the sales increased, the amount of pending transactions also trended upward, reaching a total of 27 during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are rising in the 08505 zip code, and the median sales price this period increased from $200,000 to $220,000.
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Ask a local expert about this area:
Coldwell Banker Schiavone & Assoc.
Snapped 48 homes in this area
Realty Mark Central
Snapped 1 home in this area

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