Is Neptune Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neptune Township is a neutral's market

Buyer's
Market

Difference Since October 2020

At the same time last year, Neptune Township was a Seller's Market.

Key Takeaway

Neptune Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Neptune Township, NJ cost?

Median Sold Price

$402,700

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$42,700(+11.9%)

Key Takeaway

Homes in Neptune Township have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $251K$320K
+27.5%
2 $275.5K$369K
+33.9%
3 $345K$392.5K
+13.8%
4 $415.5K$440K
+5.9%
5+ $504.5K$625K
+23.9%

Median Sold Price Compared To Nearby Cities

Belmar
+30.6%
Wall Township
+17.8%
Neptune
+13.7%
Neptune Township
+11.9%
Neptune City
+9.4%

How many homes are available in Neptune Township, NJ?

Number of Homes For Sale

Sep 2021Oct 2021%
167160-4.2%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 65
-16.7%
2 2019
-5.0%
3 7875
-3.8%
4 4950
+2.0%
5+ 1411
-21.4%

Number of Homes Sold

Sep 2021Oct 2021%
4126-36.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neptune Township, you could pay more than the asking price. 65.4% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
37 Days24 Days-33.5%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Neptune Township, NJ

Neptune Township, NJ has 160 homes on the market. The number of homes for sale in Neptune Township, NJ decreased by 4.2% between September 2021 and October 2021. The median list price of listings available in October 2021 was $402,700, while the average time on the real estate market was 24 days. Between September 2021 and October 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 27.5% more expensive, 2 bedrooms properties prices increased by 33.9%, 3 bedrooms properties became 13.8% more expensive, prices of 4 bedrooms properties increased by 5.9%, 5 bedrooms properties became 23.9% more expensive. This housing market inventory have changed: number of 1 bedroom homes decreased by 16.7%, volume of 2 bedrooms homes went down by 5%, the quantity of 3 bedrooms homes went down by 3.8%, 4 bedrooms homes became 2% more available, number of 5 bedrooms homes decreased by 21.4%. While more than 17 listings in Neptune Township, NJ in October 2021 were sold above asking price, there were more than 5 listings sold at asking price, and more than 4 were sold below.

Related Neighborhood Trend Reports