Is Neptune City, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Neptune City was a Buyer's Market.
Housing Prices in Neptune City, NJ
How much do homes in Neptune City, NJ cost?
Median Sold Price
$495,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Neptune City was $495,000 in April 2024, up 10.4% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.2K | $369.5K | +14.7% |
2 Bedrooms | $425K | $433.2K | +1.9% |
3 Bedrooms | $437.5K | $500K | +14.3% |
4 Bedrooms | $580K | $700K | +20.7% |
5+ Bedrooms | $565.7K | $587K | +3.8% |
Summary: Neptune City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Avon-by-the-Sea | $1.0M | $1.7M | +70.8% |
Neptune Township | $450K | $529K | +17.6% |
Neptune | $425.5K | $485K | +14.0% |
Bradley Beach | $800K | $910.2K | +13.8% |
Neptune City | $448.5K | $495K | +10.4% |
Housing Supply in Neptune City, NJ
How many homes are available in Neptune City, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 17 | -15.0% |
Summary: The Neptune City real estate market had 17 homes for sale in April 2024, a 15.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Neptune City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Neptune City in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Neptune City, NJ
How long does it take to sell a home in Neptune City, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 18 Days | -54.7% |
Summary: Homes in Neptune City had an average of 18 days on market in Apr 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Neptune City; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.