$10,000 Closing Credit*
$985,000
2,810 SqFt
4 Beds
•4 Full Baths
BILL CULLIN, Listing Office: Long & Foster Real Estate, Inc.
Is Sussex County, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, DE
How much do homes in Sussex County, DE cost?
Median Sold Price
$484,886
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,265(+1.5%)
Key Takeaway
Homes in Sussex County have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Sussex County was $484,886 in November 2024, up 1.5% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.5K | $425.2K | +6.4% |
| 2 Bedrooms | $334K | $345K | +3.3% |
| 3 Bedrooms | $425K | $434.6K | +2.2% |
| 4 Bedrooms | $603.2K | $590.7K | -2.1% |
| 5+ Bedrooms | $951.1K | $981.1K | +3.2% |
Summary: Sussex County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Counties
| Kent County | $324.8K | $347.3K | +6.9% |
| Sussex County | $477.6K | $484.8K | +1.5% |
Housing Supply in Sussex County, DE
How many homes are available in Sussex County, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,325 | 2,210 | -4.9% |
Summary: The Sussex County real estate market had 2,210 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 20 | +33.3% |
| 2 Bedrooms | 224 | 213 | -4.9% |
| 3 Bedrooms | 1,172 | 1,110 | -5.3% |
| 4 Bedrooms | 683 | 634 | -7.2% |
| 5+ Bedrooms | 231 | 233 | +0.9% |
Summary: The Sussex County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 0.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 466 | 347 | -25.5% |
Asking Price vs. Sold Price
200 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
60 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. 57.6% of homes here sold below asking price last month.
Summary: A total of 347 homes were sold or pending in Sussex County in November 2024, down by 25.5% month-over-month. Of the 347 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 52 Days | -2.9% |
Summary: Homes in Sussex County had an average of 52 days on market in Nov 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
191 Homes Were Sold
Under 30 Days
95 Homes Were Sold
In 30 - 90 Days
61 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 November 2024, 347 homes were sold in Sussex County; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
