Discriminating multiphase methane (adsorbed and free phases) in coals is crucial for evaluating the optimal gas recovery strategies of coalbed methane (CBM) reservoirs. However, the existing volumetric-based adsorption isotherm method only provides the final methane adsorption result, limiting real-time dynamic characterization of multiphase methane in the methane adsorption process. In this study, via self-designed nuclear magnetic resonance (NMR) isotherm adsorption experiments, we present a new method to evaluate the dynamic multiphase methane changes in coals. The results indicate that the T2 distributions of methane in coals involve three different peaks, labeled as P1 (T2 < 8 ms), P2 (T2 = 20–300 ms), and P3 (T2 > 300 ms) peaks, corresponding to the adsorbed phase methane, free phase methane between particles, and free phase methane in the sample cell, respectively. The methane adsorption Langmuir volumes calculated from the conventional volumetric-based method qualitatively agree with those obtained from the NMR method, within an allowable limit of approximately ~6.0%. Real-time dynamic characterizations of adsorbed methane show two different adsorption rates: an initial rapid adsorption of methane followed by a long stable state. It can be concluded that the NMR technique can be applied not only for methane adsorption capacity determination, but also for dynamic monitoring of multiphase methane in different experimental situations, such as methane adsorption/desorption and CO2-enhanced CBM.