Is Sussex, WI 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 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
$500,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sussex have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Sussex was $500,000 in April 2024, up 3.1% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $390K | $335K | -14.1% |
| 3 Bedrooms | $429.9K | $433.7K | +0.9% |
| 4 Bedrooms | $547.3K | $630K | +15.1% |
| 5+ Bedrooms | $650.8K | $900K | +38.3% |
Summary: Sussex housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 38.3%.
Median Sold Price Compared To Nearby Cities
| Menomonee Falls | $345K | $388.6K | +12.6% |
| Lisbon | $500K | $537.7K | +7.5% |
| Sussex | $484.9K | $500K | +3.1% |
Housing Supply in Sussex, WI
How many homes are available in Sussex, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 60 | +9.1% |
Summary: The Sussex real estate market had 60 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Sussex 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 17.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sussex, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Sussex in April 2024, down by 13.3% month-over-month. Of the 13 sold homes, 15% were sold under asking, 23% were sold at asking, and 62% were sold over asking.
Days on Market for Sussex, WI
We’re sorry, we don't have information for this market at the moment
