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 seller's market

Buyer's
Market

Difference Since December 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, VA

How much do homes in Sussex County, VA cost?

Median Sold Price

$212,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+7.6%)

Key Takeaway

Homes in Sussex County have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Sussex County was $212,000 in December 2024, up 7.6% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $160K$113.5K
-29.1%
3 $180K$195K
+8.3%
4 $252.4K$295K
+16.9%
5+ $249K$305K
+22.5%

Summary: Sussex County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Counties

Sussex County
+7.6%
Prince George County
+5.9%

Housing Supply in Sussex County, VA

How many homes are available in Sussex County, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4140-2.4%

Summary: The Sussex County real estate market had 40 homes for sale in December 2024, a 2.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 34
+33.3%
3 2324
+4.3%
4 97
-22.2%
5+ 43
-25.0%

Summary: The Sussex County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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 7 homes were sold or pending in Sussex County in December 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Dec 2023Dec 2024CHANGE
40 Days68 Days+69.0%

Summary: Homes in Sussex County had an average of 68 days on market in Dec 2024, up by 69% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was 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 December 2024, 7 homes were sold in Sussex County; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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 4 Days Ago

Newest Listings in Sussex County, VA

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What housing markets are near Sussex County, VA?