Is Sussex County, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sussex County was a Neutral Market.
Housing Prices in Sussex County, DE
How much do homes in Sussex County, DE cost?
Median Sold Price
$474,812
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sussex County was $474,812 in March 2024, up 5.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $440.2K | +120.1% |
2 Bedrooms | $310.7K | $339.1K | +9.1% |
3 Bedrooms | $403.5K | $425K | +5.3% |
4 Bedrooms | $599.6K | $594.4K | -0.9% |
5+ Bedrooms | $995.1K | $943.8K | -5.2% |
Summary: Sussex County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 120.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Counties
Sussex County | $450.6K | $474.8K | +5.4% |
Kent County | $315K | $329.7K | +4.6% |
Housing Supply in Sussex County, DE
How many homes are available in Sussex County, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,045 | 3,219 | +5.7% |
Summary: The Sussex County real estate market had 3,219 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 14 | 0.0% |
2 Bedrooms | 287 | 302 | +5.2% |
3 Bedrooms | 1,497 | 1,601 | +6.9% |
4 Bedrooms | 930 | 970 | +4.3% |
5+ Bedrooms | 317 | 332 | +4.7% |
Summary: The Sussex County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
262 | 293 | +11.8% |
Asking Price vs. Sold Price
163 Homes Were Sold
Under Asking
75 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 293 homes were sold or pending in Sussex County in March 2024, up by 11.8% month-over-month. Of the 293 sold homes, 56% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for Sussex County, DE
How long does it take to sell a home in Sussex County, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 57 Days | +14.5% |
Summary: Homes in Sussex County had an average of 57 days on market in Mar 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
80 Homes Were Sold
In 30 - 90 Days
67 Homes Were Sold
Over 90 Days
Summary: During March 2024, 293 homes were sold in Sussex County; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.