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 October 2023

At the same time last year, Sussex County was a Buyer'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

$207,450

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,950(+13.7%)

Key Takeaway

Homes in Sussex County have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Sussex County was $207,450 in October 2024, up 13.7% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165K$143.5K
-13.0%
3 $175K$203.9K
+16.5%
4 $221K$267K
+20.8%
5+ $249K$305K
+22.5%

Summary: Sussex County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Counties

Sussex County
+13.7%
Prince George County
+7.1%
Surry County
-20.2%

Housing Supply in Sussex County, VA

How many homes are available in Sussex County, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4447+6.8%

Summary: The Sussex County real estate market had 47 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 22
0.0%
3 2325
+8.7%
4 1111
0.0%
5+ 77
0.0%

Summary: The Sussex County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were 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 8 homes were sold or pending in Sussex County in October 2024, up by 60.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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 2023Oct 2024CHANGE
19 Days53 Days+173.3%

Summary: Homes in Sussex County had an average of 53 days on market in Oct 2024, up by 173.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sussex County has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Sussex County; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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

Nearby Markets to Sussex County, VA

What housing markets are near Sussex County, VA?