Is Sussex, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sussex has remained a Buyer's Market.
Housing Prices in Sussex, NJ
How much do homes in Sussex, NJ cost?
Median Sold Price
$380,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sussex was $380,500 in April 2024, up 10.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215.5K | $320K | +48.5% |
2 Bedrooms | $239.9K | $250K | +4.2% |
3 Bedrooms | $335K | $360.7K | +7.7% |
4 Bedrooms | $485K | $547K | +12.8% |
5+ Bedrooms | $700K | $610K | -12.9% |
Summary: Sussex housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Cities
Sussex | $344.9K | $380.5K | +10.3% |
Wantage Township | $372.5K | $410K | +10.1% |
Housing Supply in Sussex, NJ
How many homes are available in Sussex, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 81 | +5.2% |
Summary: The Sussex real estate market had 81 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 38 | 39 | +2.6% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Sussex housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 11 | -31.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Sussex in April 2024, down by 31.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Sussex, NJ
We’re sorry, we don't have information for this market at the moment