Is Neptune Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$517,750
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Neptune Township was $517,750 in March 2024, up 15.1% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327K | $385K | +17.7% |
2 Bedrooms | $407K | $415K | +2.0% |
3 Bedrooms | $440K | $527K | +19.8% |
4 Bedrooms | $500K | $575K | +15.0% |
5+ Bedrooms | $689.7K | $650K | -5.8% |
Summary: Neptune Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
Belmar | $631K | $742K | +17.6% |
Neptune Township | $450K | $517.7K | +15.1% |
Neptune City | $441K | $495K | +12.2% |
Neptune | $424.8K | $471.6K | +11.0% |
Wall Township | $717.7K | $755K | +5.2% |
Housing Supply in Neptune Township, NJ
How many homes are available in Neptune Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 97 | -5.8% |
Summary: The Neptune Township real estate market had 97 homes for sale in March 2024, a 5.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 46 | 42 | -8.7% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Neptune Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 29 | +38.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Neptune Township in March 2024, up by 38.1% month-over-month. Of the 29 sold homes, 31% were sold under asking, 3% were sold at asking, and 66% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 26 Days | +40.6% |
Summary: Homes in Neptune Township had an average of 26 days on market in Mar 2024, up by 40.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Neptune Township; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.