Is Sussex, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sussex has remained a Seller's Market.
Key Takeaway
Sussex is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sussex, WI
How much do homes in Sussex, WI cost?
Median Sold Price
$500,310
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sussex have sold for 7% more than they did a year ago.
Summary: The median home sold price in Sussex was $500,310 in March 2024, up 7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $377.5K | $279.4K | -26.0% |
| 3 Bedrooms | $414.8K | $430K | +3.7% |
| 4 Bedrooms | $547.7K | $609.6K | +11.3% |
| 5+ Bedrooms | $650.8K | $900K | +38.3% |
Summary: Sussex housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 38.3%.
Median Sold Price Compared To Nearby Cities
| Menomonee Falls | $344.9K | $384.1K | +11.4% |
| Lisbon | $479.9K | $519.9K | +8.3% |
| Sussex | $467.5K | $500.3K | +7.0% |
Housing Supply in Sussex, WI
How many homes are available in Sussex, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 55 | +31.0% |
Summary: The Sussex real estate market had 55 homes for sale in March 2024, a 31.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 15 | 23 | +53.3% |
| 5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Sussex 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 50%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sussex, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Sussex in March 2024, up by 160.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for Sussex, WI
We’re sorry, we don't have information for this market at the moment
