Is Neptune, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Neptune has remained a Seller's Market.
Housing Prices in Neptune, NJ
How much do homes in Neptune, NJ cost?
Median Sold Price
$485,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Neptune was $485,000 in April 2024, up 14% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282K | $305.4K | +8.3% |
2 Bedrooms | $355K | $400.1K | +12.7% |
3 Bedrooms | $430K | $500K | +16.3% |
4 Bedrooms | $490.5K | $550K | +12.1% |
5+ Bedrooms | $548.2K | $586K | +6.9% |
Summary: Neptune housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Neptune Township | $450K | $529K | +17.6% |
Neptune | $425.5K | $485K | +14.0% |
Neptune City | $448.5K | $495K | +10.4% |
Asbury Park | $600K | $639.9K | +6.7% |
Wall Township | $725K | $763.5K | +5.3% |
Housing Supply in Neptune, NJ
How many homes are available in Neptune, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 107 | +0.9% |
Summary: The Neptune real estate market had 107 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 26 | 35 | +34.6% |
3 Bedrooms | 44 | 37 | -15.9% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Neptune housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 34.6%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 26 | -16.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Neptune in April 2024, down by 16.1% month-over-month. Of the 26 sold homes, 27% were sold under asking, 15% were sold at asking, and 58% were sold over asking.
Days on Market for Neptune, NJ
How long does it take to sell a home in Neptune, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +42.8% |
Summary: Homes in Neptune had an average of 27 days on market in Apr 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Neptune; 81% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.