Is Sussex County, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2021
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.
How much do homes in Sussex County, DE cost?
Median Sold Price
$431,061
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2021
Key Takeaway
Homes in Sussex County have sold for 15% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Nov 2021 | Nov 2022 | % |
|---|---|---|---|
| 1 Bedroom | $245K | $320K | +30.6% |
| 2 Bedrooms | $259.5K | $301.9K | +16.3% |
| 3 Bedrooms | $338.9K | $389K | +14.8% |
| 4 Bedrooms | $491.6K | $587.5K | +19.5% |
| 5+ Bedrooms | $862.6K | $885.2K | +2.6% |
Median Sold Price Compared To Nearby Counties
| Sussex County | $374.7K | $431K | +15.0% |
| Kent County | $281.2K | $314.4K | +11.8% |
How many homes are available in Sussex County, DE?
Number of Homes For Sale
| Oct 2022 | Nov 2022 | % |
|---|---|---|
| 1,855 | 1,776 | -4.3% |
Homes For Sale By Bedroom Count
| # BEDS | Oct 2022 | Nov 2022 | % |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 194 | 176 | -9.3% |
| 3 Bedrooms | 915 | 870 | -4.9% |
| 4 Bedrooms | 542 | 530 | -2.2% |
| 5+ Bedrooms | 190 | 187 | -1.6% |
Number of Homes Sold
| Oct 2022 | Nov 2022 | % |
|---|---|---|
| 306 | 277 | -9.5% |
Asking Price vs. Sold Price
143 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sussex County, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Average Sale Time
| Nov 2021 | Nov 2022 | % |
|---|---|---|
| 22 Days | 37 Days | +65.1% |
Breakdown of Home Sale Times
171 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sussex County are selling fast, if you're buying plan to act quickly.
