Is Sussex County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sussex County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Sussex County was a Seller's Market.

Key Takeaway

Sussex County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$24,000(+13.3%)

Key Takeaway

Homes in Sussex County have sold for 13.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $122.4K$162.5K
+32.7%
3 $178K$194K
+9.0%
4 $219K$264.9K
+21.0%
5+ $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
+13.3%
Prince George County
+3.3%
Greensville County
-12.4%

Housing Supply in Sussex County, VA

How many homes are available in Sussex County, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4449+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 2727
0.0%
4 1111
0.0%
5+ 36
+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 2024May 2024CHANGE
68+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sussex County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023May 2024CHANGE
53 Days96 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sussex County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Sussex County, VA

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