Is Neptune Beach, FL 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 Beach has remained a Seller's Market.
Key Takeaway
Neptune Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Neptune Beach, FL
How much do homes in Neptune Beach, FL cost?
Median Sold Price
$700,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Neptune Beach have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Neptune Beach was $700,000 in May 2024, down 6.7% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $359.9K | N/A |
| 2 Bedrooms | $450K | $422.2K | -6.2% |
| 3 Bedrooms | $698.4K | $658.1K | -5.8% |
| 4 Bedrooms | $825K | $1.0M | +27.3% |
| 5+ Bedrooms | $1.2M | $1.0M | -15.9% |
Summary: Neptune Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Atlantic Beach | $665K | $679K | +2.1% |
| Jacksonville Beach | $632.8K | $639.7K | +1.1% |
| Jacksonville Beaches | $605K | $604.1K | -0.1% |
| Neptune Beach | $750K | $700K | -6.7% |
Housing Supply in Neptune Beach, FL
How many homes are available in Neptune Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 48 | +20.0% |
Summary: The Neptune Beach real estate market had 48 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Neptune Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Neptune Beach, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Neptune Beach in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for Neptune Beach, FL
How long does it take to sell a home in Neptune Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 44 Days | -18.8% |
Summary: Homes in Neptune Beach had an average of 44 days on market in May 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Neptune Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Neptune Beach; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
