$2,950,000
2,246 SqFt
4 Beds
•2 Full Baths, 2 Partial
Listing Office: COLDWELL BANKER REALTY
Is Sussex County, NJ 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, NJ
How much do homes in Sussex County, NJ cost?
Median Sold Price
$400,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,979(+13.6%)
Key Takeaway
Homes in Sussex County have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Sussex County was $400,000 in November 2024, up 13.6% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $210K | +16.7% |
| 2 Bedrooms | $265.7K | $309.7K | +16.6% |
| 3 Bedrooms | $361.2K | $410K | +13.5% |
| 4 Bedrooms | $496.4K | $547.5K | +10.3% |
| 5+ Bedrooms | $625K | $662.5K | +6.0% |
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 16.7%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Counties
| Sussex County | $352K | $400K | +13.6% |
| Morris County | $600.5K | $669.2K | +11.4% |
| Passaic County | $478.6K | $529.8K | +10.7% |
| Orange County | $398.4K | $420.9K | +5.6% |
Housing Supply in Sussex County, NJ
How many homes are available in Sussex County, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 793 | 777 | -2.0% |
Summary: The Sussex County real estate market had 777 homes for sale in November 2024, a 2.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 43 | -15.7% |
| 2 Bedrooms | 175 | 173 | -1.1% |
| 3 Bedrooms | 315 | 319 | +1.3% |
| 4 Bedrooms | 203 | 188 | -7.4% |
| 5+ Bedrooms | 49 | 54 | +10.2% |
Summary: The Sussex County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.7%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 185 | 129 | -30.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sussex County, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 129 homes were sold or pending in Sussex County in November 2024, down by 30.3% month-over-month. Of the 129 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for Sussex County, NJ
How long does it take to sell a home in Sussex County, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sussex County has remained consistent over time.
Summary: During November 2024, 129 homes were sold in Sussex County; 0% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.