Sussex County

Current Market Overview As of May 2024, Sussex County’s real estate market remains vibrant and dynamic, presenting several interesting trends and opportunities for both buyers and sellers. The data reflects a robust seller’s market, characterized by high demand and swiftly moving inventory. Key Data Points Property Values: The median estimated property value has shown a steady increase, reaching $425,090, marking an 11.7% increase over the past year. This uptrend suggests strong market health and growing buyer interest in the area. Sales Activity: The median sold price for properties was $390,000, a 2.5% increase from the previous month. Notably, the average […]

Current Market Overview Sussex County’s real estate market is currently experiencing a vibrant phase with several key indicators pointing towards a seller’s market. Key Data Points Median Sold Price: The median sold price for properties in April 2024 was $400,000, marking a significant increase of 7.7% compared to the previous month. List to Sold Price Ratio: Homes are selling for 103.2% of their listed price, up 1.49% month-over-month, indicating strong demand and possibly multiple offer situations. Days on Market: Properties are selling faster, with a median of 21 days on the market, a decrease of 16% from the prior month.

Current Market Overview The real estate market in Sussex County, New Jersey, as of March 2024, displays strong growth signals, making it a dynamic environment for both buyers and sellers. Analyzing the comprehensive data from the Realtors Property Resource, we observe key trends that can help prospective buyers, sellers, and investors make informed decisions. Market Dynamics Median Estimated Property Value: The median estimated property value for properties in Sussex County (including single-family homes, condos, townhomes, and apartments) has shown a significant increase of 11.5% over the past 12 months, reaching $420,730. This suggests a strong upward trend in property values,