$100,000
Land
Peter Ingrasselino, Listing Office: EXP Realty, LLC
Is Sussex, NJ 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 has remained a Seller's Market.
Key Takeaway
Sussex is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sussex, NJ
How much do homes in Sussex, NJ cost?
Median Sold Price
$406,250
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,500(+12.6%)
Key Takeaway
Homes in Sussex have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Sussex was $406,250 in October 2024, up 12.6% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | $230K | -54.0% |
| 2 Bedrooms | $249.9K | $282K | +12.8% |
| 3 Bedrooms | $345K | $385K | +11.6% |
| 4 Bedrooms | $500K | $550K | +10.0% |
| 5+ Bedrooms | $552.5K | $635K | +14.9% |
Summary: Sussex housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Sussex | $360.7K | $406.2K | +12.6% |
| Wantage Township | $392.5K | $435K | +10.8% |
Housing Supply in Sussex, NJ
How many homes are available in Sussex, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 101 | +18.8% |
Summary: The Sussex real estate market had 101 homes for sale in October 2024, a 18.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 35 | 41 | +17.1% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Sussex housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sussex, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Sussex in October 2024, up by 63.6% month-over-month. Of the 18 sold homes, 50% were sold under asking, 6% were sold at asking, and 44% were sold over asking.
Days on Market for Sussex, NJ
We’re sorry, we don't have information for this market at the moment
