Is Neptune Township, 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 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
$529,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Neptune Township was $529,000 in April 2024, up 17.6% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327K | $379K | +15.9% |
2 Bedrooms | $415K | $429.7K | +3.6% |
3 Bedrooms | $440.2K | $529.5K | +20.3% |
4 Bedrooms | $505.5K | $570K | +12.8% |
5+ Bedrooms | $660K | $687K | +4.1% |
Summary: Neptune Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Neptune Township | $450K | $529K | +17.6% |
Belmar | $645K | $747.5K | +15.9% |
Neptune | $425.5K | $485K | +14.0% |
Neptune City | $448.5K | $495K | +10.4% |
Wall Township | $725K | $763.5K | +5.3% |
Housing Supply in Neptune Township, NJ
How many homes are available in Neptune Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 110 | +2.8% |
Summary: The Neptune Township real estate market had 110 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 22 | 30 | +36.4% |
3 Bedrooms | 44 | 38 | -13.6% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Neptune Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Neptune Township in April 2024, down by 9.7% month-over-month. Of the 28 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 28 Days | +29.3% |
Summary: Homes in Neptune Township had an average of 28 days on market in Apr 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Neptune Township; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.