ZIP 08038 housing market
Data through Sep 2026 · Balanced market · leverage 74
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Buyer Leverage Score
74
Sep 2026
Months of Supply
3.1 months
Jul 2026
Days on Market
173 days
Sep 2026
Price Cut %
0.0%
Sep 2026
Sale-to-List Ratio
89.0%
Jul 2026
Expected Disaster Loss
$286
Dec 2025
What this means
- Supply. There are 0% more homes for sale than the 2017-19 norm and rising (+100% vs. a year ago), so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is high (74/100; U.S.: 54): homes sell for about 11.0% below their final list price (as of Jul 2026); 0% of listings had a price cut (U.S.: 26%).
- Disaster risk. FEMA expects about $286 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
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Other ZIP codes in Salem County, NJ
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Carneys Point, NJ 08069 | $246.5K | +2.2% | 32 |
| Pennsville, NJ 08070 | $279.6K | +2.9% | 17 |
| Elmer, NJ 08318 | $356.2K | +1.9% | 29 |
| Salem, NJ 08079 | $236.9K | +0.2% | 61 |
| Woodstown, NJ 08098 | $408.2K | +3.4% | 21 |
| Monroeville, NJ 08343 | $396.9K | +1.9% | 8 |
| Pedricktown, NJ 08067 | $350.9K | +1.4% | 9 |
| Alloway, NJ 08001 | $300.8K | +4.8% | 22 |
| Deepwater, NJ 08023 | – | – | 81 |
| ZIP 08072 | – | – | 12 |