$459K  
The 08361 zip code market looks to turn around in the short term, perhaps even ending a four-week downward trend. While five homes were sold over the last 30 days, the number of contracts executed rose to 17, the highest amount since November. During the same time frame, 08360 had the most contracts executed of any other neighboring zip codes with 26. Potential buyers should note that prices went up in the 08361 zip code, with the median for this period rising from $160,000 to $180,501. Along with the slip in sales, a relatively high 26 months of inventory indicates that the 08361 zip code is a definite buyer's market.
Comments:

The 08361 zip code is much younger than the rest of New Jersey, with a median age of 43. It's less affluent than average as well, with a median income of $64,386 per household. The 08361 zip code market is almost exclusively made up of detached houses, which currently account for 91% of the homes for sale in the area. Topping the list of best schools in the zip code is Rieck Ave.
Comments:

$112K  
A three-week negative trend in sales was extended when the 08361 zip code market saw seven more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since August at 27. In comparison, the 08360 zip code had 49 price reductions in the same time frame, the most of all nearby zip codes. The median sales price remained unchanged over the latest reporting period for the 08361 zip code, coming in at $160,000. With a downward trend in sales numbers and 19 months of inventory still left to work through, the 08361 zip code is a definite buyer's market.
Comments:

$469K  
The 08361 zip code market seems to be weakening, as the number of contracts executed fell to seven, the lowest levels since January. Meanwhile sales came in at eight homes sold over the last 30 days. When comparing other close-by zip codes within the same period, the most came from the 08360 zip code with 25 contracts executed. The median sales price dropped to $140,000 over the latest reporting period for the 08361 zip code, down from $147,050. A downturn in contracts, coupled with the availability of 15 months of inventory, prove that the 08361 zip code is a definite buyer's market.
Comments:

$169K  
Over the last 30 days, the 08361 zip code market was steady and saw eight homes sold. However, the number of pending transactions continued to decline, with a total of nine transactions during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Potential buyers should note that prices went up in the 08361 zip code, with the median for this period rising from $131,025 to $153,525. With a downward trend in contracts numbers and 14 months of inventory still left to work through, the 08361 zip code is a definite buyer's market.
Comments:

$219K  
The 08361 zip code market will be more selective in the short term. Sales have fallen this week to seven homes sold over the last 30 days, and there is also a new upward trend of new listings, with 31 going live in the same time frame. The median sales price dropped to $115,000, down from last week's $128,750. With decreasing sales and the availability of 15 months of inventory, the 08361 zip code is a strong buyer's market.
Comments:

$152K  
With 17,932 residents, 08361 is a larger than average zip code in New Jersey. Also, with 506.6 people per square mile, it has a lower than average density in comparison to other parts of the state. With an ownership ratio of 77.0%, most people in the 08361 zip code are homeowners. Topping the list of best schools in the zip code is Rieck Ave.
Comments:

$329K  
With home sales in the 08361 zip code market already below average, in this week's report they dropped 9.1% to 10 homes sold over the last 30 days. On the other hand, the close-by 08332 zip code registered 25 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $128,750 over the latest reporting period for the 08361 zip code, down from $151,500. The 08361 zip code is a strong buyer's market, due to a big nine months of inventory left and aided by the dip in sales.
Comments:

$399K  
The 08361 zip code market saw sales dip 8.3% this week but it is currently in the midst of a confirmed upward sales trend, including 11 homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. While sales were solid, months of inventory were further reduced to eight, extending a downward trend to four weeks. With decreasing sales and the availability of so much inventory, the 08361 zip code is a strong buyer's market.
Comments:

$339K  
In this week's report, the number of homes sold in the 08361 zip code market slid to 10 over the past 30 days. It marked a decrease of 28.6% from last week's report and a fall below the monthly average. On the other hand, the close-by 08360 zip code registered 21 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 08361 zip code, and this period the median price of all sales fell from $155,750 to $147,000. With decreasing sales and the availability of nine months of inventory, the 08361 zip code is a strong buyer's market.
Comments:
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