Is Sussex County, 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, Sussex County has remained a Seller's Market.
Housing Prices in Sussex County, NJ
How much do homes in Sussex County, NJ cost?
Median Sold Price
$376,287
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sussex County was $376,287 in April 2024, up 10.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $200K | +14.3% |
2 Bedrooms | $250K | $285K | +14.0% |
3 Bedrooms | $351.6K | $382.1K | +8.7% |
4 Bedrooms | $480K | $530K | +10.4% |
5+ Bedrooms | $669.5K | $615K | -8.1% |
Summary: Sussex County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Counties
Passaic County | $450K | $500.1K | +11.1% |
Sussex County | $341.6K | $376.2K | +10.1% |
Morris County | $574.9K | $628.7K | +9.4% |
Orange County | $381.7K | $414.4K | +8.6% |
Housing Supply in Sussex County, NJ
How many homes are available in Sussex County, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
707 | 800 | +13.2% |
Summary: The Sussex County real estate market had 800 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 46 | 50 | +8.7% |
2 Bedrooms | 153 | 175 | +14.4% |
3 Bedrooms | 296 | 322 | +8.8% |
4 Bedrooms | 168 | 191 | +13.7% |
5+ Bedrooms | 44 | 62 | +40.9% |
Summary: The Sussex County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 40.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 137 | -4.9% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
89 Homes Were Sold
Over Asking
Summary: A total of 137 homes were sold or pending in Sussex County in April 2024, down by 4.9% month-over-month. Of the 137 sold homes, 23% were sold under asking, 12% were sold at asking, and 65% were sold over asking.
Days on Market for Sussex County, NJ
How long does it take to sell a home in Sussex County, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 20 Days | -67.7% |
Summary: Homes in Sussex County had an average of 20 days on market in Apr 2024, down by 67.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 137 homes were sold in Sussex County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.