Is Neptune Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Neptune Township has remained a Seller's Market.
Housing Prices in Neptune Township, NJ
How much do homes in Neptune Township, NJ cost?
Median Sold Price
$525,000
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Neptune Township was $525,000 in May 2024, up 15.2% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327K | $370K | +13.1% |
2 Bedrooms | $415K | $430.8K | +3.8% |
3 Bedrooms | $440.2K | $533K | +21.1% |
4 Bedrooms | $525.7K | $550K | +4.6% |
5+ Bedrooms | $669.7K | $668.5K | -0.2% |
Summary: Neptune Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Belmar | $640K | $783.2K | +22.4% |
Neptune Township | $455.9K | $525K | +15.2% |
Neptune | $430K | $485K | +12.8% |
Wall Township | $704.5K | $782.1K | +11.0% |
Neptune City | $448.5K | $490K | +9.3% |
Housing Supply in Neptune Township, NJ
How many homes are available in Neptune Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
123 | 124 | +0.8% |
Summary: The Neptune Township real estate market had 124 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 32 | 30 | -6.3% |
3 Bedrooms | 45 | 53 | +17.8% |
4 Bedrooms | 26 | 22 | -15.4% |
5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Neptune Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 33 | +3.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Neptune Township in May 2024, up by 3.1% month-over-month. Of the 33 sold homes, 36% were sold under asking, 12% were sold at asking, and 52% were sold over asking.
Days on Market for Neptune Township, NJ
How long does it take to sell a home in Neptune Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 20 Days | -36.6% |
Summary: Homes in Neptune Township had an average of 20 days on market in May 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Neptune Township; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.