Is Sussex County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sussex County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Sussex County was a Neutral Market.

Key Takeaway

Sussex County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sussex County, VA

How much do homes in Sussex County, VA cost?

Median Sold Price

$210,500

$136/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$13,000(+6.6%)

Key Takeaway

Homes in Sussex County have sold for 6.6% more than they did a month ago.

Summary: The median home sold price in Sussex County was $210,500 in April 2024, up 6.6% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $163.5K-
N/A
3 $217K$180K
-17.1%
4 -$300K
N/A
5+ --
N/A

Summary: Sussex County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Sussex County
+6.6%
Greensville County
-6.3%
Surry County
-62.3%

Housing Supply in Sussex County, VA

How many homes are available in Sussex County, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4246+9.5%

Summary: The Sussex County real estate market had 46 homes for sale in April 2024, a 9.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 33
0.0%
3 3030
0.0%
4 710
+42.9%
5+ 23
+50.0%

Summary: The Sussex County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Sussex County in April 2024, down by 14.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Sussex County, VA

How long does it take to sell a home in Sussex County, VA?

Average Sale Time

Mar 2024Apr 2024CHANGE
13 Days26 Days+97.3%

Summary: Homes in Sussex County had an average of 26 days on market in Apr 2024, up by 97.3% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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.

Summary: During April 2024, 6 homes were sold in Sussex County; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in Sussex County, VA

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What housing markets are near Sussex County, VA?