Neural representations of approximate numerical value, or numerosity, have been observed in the intraparietal sulcus (IPS) in monkeys and humans, including children. Using functional magnetic resonance imaging, we show that children as young as 3-4 years old exhibit neural tuning to cardinal numerosities in the IPS and that their neural responses are accounted for by a model of numerosity coding that has been used to explain neural responses in the adult IPS. We also found that the sensitivity of children's neural tuning to number in the right IPS was comparable to their numerical discrimination sensitivity observed behaviorally, outside of the scanner. Children's neural tuning curves in the right IPS were significantly sharper than in the left IPS, indicating that numerical representations are more precise and mature more rapidly in the right hemisphere than in the left. Further, we show that children's perceptual sensitivity to numerosity can be predicted by the development of their neural sensitivity to numerosity. This research provides novel evidence of developmental continuity in the neural code underlying numerical representation and demonstrates that children's neural sensitivity to numerosity is related to their cognitive development. Here we test for the existence of neural tuning to numerosity in the developing brain in the youngest sample of children tested with fMRI to date. Although previous research shows evidence of numerical distance effects in the intraparietal sulcus of the developing brain, those effects could be explained by patterns of neural activity that do not represent neural tuning to numerosity. These data provide the first robust evidence that from as early as 3-4 years of age there is developmental continuity in how the intraparietal sulcus represents the values of numerosities. Moreover, the study goes beyond previous research by examining the relation between neural tuning and perceptual tuning in children.