Is Neptune Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neptune Beach is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Neptune Beach has remained a Seller's Market.

Key Takeaway

Neptune Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Neptune Beach, FL

How much do homes in Neptune Beach, FL cost?

Median Sold Price

$631,600

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$167,400(-21.0%)

Key Takeaway

Homes in Neptune Beach have sold for 21% less than they did a year ago.

Summary: The median home sold price in Neptune Beach was $631,600 in February 2024, down 21% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $340K$359.9K
+5.9%
2 $450K$427K
-5.1%
3 $748.4K$591.5K
-21.0%
4 $940K$907.5K
-3.5%
5+ $1.2M$1.2M
-1.0%

Summary: Neptune Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 21%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Cities

Atlantic Beach
+17.6%
Jacksonville Beaches
-1.8%
Jacksonville Beach
-2.7%
Neptune Beach
-21.0%

Housing Supply in Neptune Beach, FL

How many homes are available in Neptune Beach, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2628+7.7%

Summary: The Neptune Beach real estate market had 28 homes for sale in February 2024, a 7.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 34
+33.3%
3 1110
-9.1%
4 88
0.0%
5+ 34
+33.3%

Summary: The Neptune Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neptune Beach, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Neptune Beach in February 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Neptune Beach, FL

How long does it take to sell a home in Neptune Beach, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
51 Days51 Days-0.7%

Summary: Homes in Neptune Beach had an average of 51 days on market in Feb 2024, down by 0.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Neptune Beach are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in Neptune Beach; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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