Is Sussex County, DE 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 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

+$56,289(+15.0%)

Key Takeaway

Homes in Sussex County have sold for 15% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $245K$320K
+30.6%
2 $259.5K$301.9K
+16.3%
3 $338.9K$389K
+14.8%
4 $491.6K$587.5K
+19.5%
5+ $862.6K$885.2K
+2.6%

Median Sold Price Compared To Nearby Counties

Sussex County
+15.0%
Kent County
+11.8%

How many homes are available in Sussex County, DE?

Number of Homes For Sale

Oct 2022Nov 2022%
1,8551,776-4.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1413
-7.1%
2 194176
-9.3%
3 915870
-4.9%
4 542530
-2.2%
5+ 190187
-1.6%

Number of Homes Sold

Oct 2022Nov 2022%
306277-9.5%

Asking Price vs. Sold Price

143 Homes Were Sold
Under Asking

81 Homes Were Sold
At Asking

53 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Nov 2022%
22 Days37 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sussex County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Sussex County, DE

There are 1,776 homes are for sale in Sussex County, DE real estate market. The number of listings in Sussex County, DE decreased by 4.3% between October 2022 and November 2022. In November 2022, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $431,061. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 30.6%, 2 bedrooms properties became 16.3% more expensive, 3 bedrooms properties prices increased by 14.8%, prices of 4 bedrooms properties increased by 19.5%, the cost of 5 bedrooms properties went up by 2.6%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 7.1%, number of 2 bedrooms homes decreased by 9.3%, 3 bedrooms homes became 4.9% less available, 4 bedrooms homes inventory decreased by 2.2%, volume of 5 bedrooms homes went down by 1.6%. Sussex County, DE housing market in November 2022 saw over 53 listings sold above listed price, more than 81 sold at listed price and over 143 sold below.

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