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 neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 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, VA

How much do homes in Sussex County, VA cost?

Median Sold Price

$352,450

$126/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$118,300(+50.5%)

Key Takeaway

Homes in Sussex County have sold for 50.5% more than they did a month ago.

Summary: The median home sold price in Sussex County was $352,450 in November 2024, up 50.5% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $145.2K-
N/A
4 $234.1K$399.9K
+70.8%
5+ $305K$305K
0.0%

Summary: Sussex County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 70.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Surry County
+82.7%
Sussex County
+50.5%
Southampton County
-3.2%

Housing Supply in Sussex County, VA

How many homes are available in Sussex County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4542-6.7%

Summary: The Sussex County real estate market had 42 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 22
0.0%
3 2524
-4.0%
4 1010
0.0%
5+ 64
-33.3%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sussex County, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Sussex County in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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

Oct 2024Nov 2024CHANGE
49 Days60 Days+22.1%

Summary: Homes in Sussex County had an average of 60 days on market in Nov 2024, up by 22.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 6 homes were sold in Sussex County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

Newest Listings in Sussex County, VA

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