$4,869 Closing Credit*
$410,000
1,100 SqFt
1 Bed
•1 Full Bath, 1 Partial
PAUL MALTAGHATI, Listing Office: Monument Sotheby's International Realty
Is Sussex County, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sussex County has remained a Seller's Market.
Key Takeaway
Sussex County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sussex County, DE
How much do homes in Sussex County, DE cost?
Median Sold Price
$480,304
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,931(+0.4%)
Key Takeaway
The sold price of homes in Sussex County has remained the same since last year.
Summary: The median home sold price in Sussex County was $480,304 in October 2024, up 0.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $440.2K | +14.4% |
| 2 Bedrooms | $329.9K | $343.3K | +4.1% |
| 3 Bedrooms | $422.9K | $430K | +1.7% |
| 4 Bedrooms | $615.7K | $589.8K | -4.2% |
| 5+ Bedrooms | $949K | $968K | +2.0% |
Summary: Sussex County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
| Kent County | $323.3K | $347.9K | +7.6% |
| Sussex County | $478.3K | $480.3K | 0.4% |
Housing Supply in Sussex County, DE
How many homes are available in Sussex County, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,350 | 2,402 | +2.2% |
Summary: The Sussex County real estate market had 2,402 homes for sale in October 2024, a 2.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 15 | -11.8% |
| 2 Bedrooms | 215 | 230 | +7.0% |
| 3 Bedrooms | 1,192 | 1,218 | +2.2% |
| 4 Bedrooms | 697 | 701 | +0.6% |
| 5+ Bedrooms | 229 | 238 | +3.9% |
Summary: The Sussex County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 389 | 423 | +8.7% |
Asking Price vs. Sold Price
223 Homes Were Sold
Under Asking
93 Homes Were Sold
At Asking
107 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sussex County, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.
Summary: A total of 423 homes were sold or pending in Sussex County in October 2024, up by 8.7% month-over-month. Of the 423 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% were sold over asking.
Days on Market for Sussex County, DE
How long does it take to sell a home in Sussex County, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 52 Days | +6.8% |
Summary: Homes in Sussex County had an average of 52 days on market in Oct 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
223 Homes Were Sold
Under 30 Days
110 Homes Were Sold
In 30 - 90 Days
90 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sussex County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 423 homes were sold in Sussex County; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
