Is Neptune, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Neptune has remained a Seller's Market.
Key Takeaway
Neptune is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Neptune, NJ
How much do homes in Neptune, NJ cost?
Median Sold Price
$485,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Neptune have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Neptune was $485,000 in May 2024, up 12.8% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $310.4K | +10.1% |
| 2 Bedrooms | $360K | $405K | +12.5% |
| 3 Bedrooms | $435K | $507K | +16.6% |
| 4 Bedrooms | $505.5K | $535K | +5.8% |
| 5+ Bedrooms | $556.5K | $587K | +5.5% |
Summary: Neptune housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Neptune Township | $455.9K | $525K | +15.2% |
| Neptune | $430K | $485K | +12.8% |
| Wall Township | $704.5K | $782.1K | +11.0% |
| Neptune City | $448.5K | $490K | +9.3% |
| Asbury Park | $615K | $665K | +8.1% |
Housing Supply in Neptune, NJ
How many homes are available in Neptune, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 124 | 125 | +0.8% |
Summary: The Neptune real estate market had 125 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 39 | 37 | -5.1% |
| 3 Bedrooms | 44 | 52 | +18.2% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Neptune housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Neptune, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Neptune in May 2024, up by 20.0% month-over-month. Of the 36 sold homes, 36% were sold under asking, 8% were sold at asking, and 56% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 19 Days | -33.5% |
Summary: Homes in Neptune had an average of 19 days on market in May 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Neptune are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Neptune; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.