Is Sussex County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sussex County was a Seller's Market.
Housing Prices in Sussex County, VA
How much do homes in Sussex County, VA cost?
Median Sold Price
$203,900
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sussex County was $203,900 in May 2024, up 13.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122.4K | $162.5K | +32.7% |
3 Bedrooms | $178K | $194K | +9.0% |
4 Bedrooms | $219K | $264.9K | +21.0% |
5+ Bedrooms | $53K | $255K | +381.1% |
Summary: Sussex County 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 increased by 32.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 381.1%.
Median Sold Price Compared To Nearby Counties
Sussex County | $179.9K | $203.9K | +13.3% |
Prince George County | $318.9K | $329.5K | +3.3% |
Greensville County | $192K | $168.2K | -12.4% |
Housing Supply in Sussex County, VA
How many homes are available in Sussex County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 49 | +11.4% |
Summary: The Sussex County real estate market had 49 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Sussex County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Sussex County in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Sussex County, VA
How long does it take to sell a home in Sussex County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 96 Days | +80.8% |
Summary: Homes in Sussex County had an average of 96 days on market in May 2024, up by 80.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Sussex County; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.