Real Estate Market Trends Report for Sussex County, NJ – February 2025

Current Market Overview: February 2025 Analysis

Welcome to the latest real estate market update from Countryside Homes NJ and RE/MAX Town & Valley! Today, we’re diving deep into the February 2025 market trends for Sussex County, New Jersey, focusing on single-family homes, condos, townhouses, and apartments (SF + Condo/TH/Apt). Whether you’re a buyer, seller, or simply keeping an eye on the market, this comprehensive analysis will provide valuable insights into where the Sussex County housing market stands today and what it means for you. Let’s break it down!

Sussex County Residential Market Trends - Realtors Property Resource - February 2025

Market Overview: A Seller’s Market Persists

Sussex County continues to exhibit a seller’s market in February 2025, characterized by low inventory and high demand. The Months Supply of Inventory (MSI) sits at 1.77 months, a slight decrease of 1.7% month-over-month (MoM) and a significant 14.5% drop compared to February 2024. For context, a balanced market typically has 5–6 months of inventory, while anything below 3 months strongly favors sellers. With just 1.77 months of supply, homes are moving quickly, and competition among buyers remains fierce.

The Sold to List Price Ratio reinforces this trend, clocking in at 101.3%, up 1.63% from the previous month. This means homes are selling above asking price on average, a clear sign that bidding wars are still prevalent. Sellers can feel confident listing their properties, while buyers need to act decisively with competitive offers.

Pricing Trends: Steady Growth in Median Values

The Median Sold Price for February 2025 reached $400,000, reflecting a healthy 3.9% MoM increase. This growth aligns with the Median Estimated Property Value of $445,610, which saw a modest 0.5% MoM increase and a robust 5.1% rise over the past 12 months. The gap between sold prices and estimated values suggests that while properties are appreciating, buyers may still be finding opportunities slightly below market estimates—an encouraging sign for those looking to invest.

Meanwhile, the Median List Price for new listings was $399,949 (up 0.9% MoM), and for active listings, it hit $400,000 (up 2.1% MoM). Pending listings showed a slightly higher Median List Price of $409,000 (up 2.4% MoM), indicating that demand is pushing prices upward as properties move through the sales pipeline. Public records data also supports this upward trend, with a Median Sold Price of $387,000, up 2.9% MoM, though slightly lower than MLS-reported sales, likely due to differences in transaction types or data lag.

Inventory and Activity: A Snapshot of Listings

New Listings: The median list price for new listings in February was $399,949, with a modest 0.9% MoM increase. While the number of new listings wasn’t specified, the pricing stability suggests sellers are testing the market with competitive yet realistic asks.
Active Listings: A total of 285 properties were active, with a median list price of $400,000 and a total dollar volume of $164,970,826 (down 13% MoM). The decline in total volume could indicate fewer high-end listings or a shift toward more moderately priced homes.
New Pending Listings: 129 properties went pending, with a median list price of $399,999 (flat MoM) and a total volume of $59,287,933 (up 17% MoM). The Median Days in RPR (Realtors Property Resource) jumped to 23 days, a significant 42.5% MoM increase, suggesting that while demand remains high, some properties are taking longer to go under contract—possibly due to pricing adjustments or buyer hesitation.
Pending Listings: 212 properties were pending, with a median list price of $409,000 and a total volume of $105,689,477 (up 14.3% MoM). The Median Days in RPR here was 30 days, indicating a slight slowdown compared to new pendings but still a fast-moving market overall.
Sold Listings: The Median Sold Price of $400,000 came from an unspecified number of transactions, with a Median Days in RPR of 31 days (up 6.9% MoM). This uptick in days on market could hint at a subtle shift, but with prices still rising and homes selling above list, the market remains robust.

Square Footage and Price Per Square Foot

Buyers and sellers alike will note the Median Price per Square Foot for pending and sold listings. For new pending listings, it’s $253 (up 5.6% MoM), while pending listings overall held steady at $253 (up 3.8% MoM). The Median Living Area also increased slightly, with new pendings at 1,491 sqft (up 1.4% MoM) and pending listings at 1,600 sqft (up 2.3% MoM). This suggests buyers are gravitating toward slightly larger homes, and sellers are reaping the benefits of rising per-square-foot values.

What This Means for Buyers

For prospective buyers in Sussex County, the data paints a challenging but not insurmountable picture. With a seller’s market in full swing, low inventory (1.77 months) means you’ll need to act fast and be prepared to bid above asking price—evidenced by the 101.3% sold-to-list ratio. The median sold price of $400,000 is a benchmark, but with estimated values at $445,610, there’s room to negotiate if you find the right opportunity. The increase in days on market (31 days for sold listings) could signal a slight softening, giving you a bit more breathing room to evaluate options. Work with a skilled real estate agent to craft strong offers and stay ahead of the competition.

What This Means for Sellers

Sellers, you’re in the driver’s seat! The combination of low inventory, rising prices, and homes selling above list price creates an ideal environment to maximize your return. Listing at or just above the median of $400,000 could attract multiple offers, especially if your property is move-in ready. However, the uptick in days on market suggests pricing accurately is key—overpricing might lead to longer wait times. Highlight your home’s square footage and upgrades, as buyers are paying a premium ($253/sqft) for space and quality.

Looking Ahead

As we move further into 2025, Sussex County’s real estate market shows no signs of a dramatic shift. The steady appreciation in home values (+5.1% YoY) and persistent seller’s market conditions suggest continued strength, though the slight increase in days on market and a minor dip in inventory supply (-1.7% MoM) warrant monitoring. Seasonal trends, interest rates, and broader economic factors will play a role, but for now, Sussex County remains a hot market for both buyers and sellers.

At Countryside Homes NJ and RE/MAX Town & Valley, we’re here to guide you through every step of your real estate journey. Whether you’re ready to sell your Sussex County home or searching for your dream property, our team has the local expertise and market insights to help you succeed. Contact us today to discuss your goals and let’s make your real estate dreams a reality!

Data sourced from Realtors Property Resource, LLC, February 2025.

Client Testimonials for Countryside Homes NJ

At Countryside Homes NJ and RE/MAX Town & Valley, we pride ourselves on delivering exceptional service to our clients. But don’t just take our word for it—read what our satisfied customers have to say. From first-time homebuyers to seasoned real estate investors and new home builders, our clients appreciate our dedication, expertise, and commitment to their success. Here are some of their stories.

David R. New Homeowner

Collaborating with Keith LaBrunda and Heather Montalbano from Countryside Homes NJ and RE/MAX Town & Valley streamlined the home-buying process for me. They were attentive to my needs and preferences, ensuring they understood exactly what I was seeking in a home and what was within my financial comfort zone. Keith and Heather provided invaluable assistance during the offer stage, sharing insightful details that enabled me to place a successful bid on my desired property. They recommended associates to assist me with securing a mortgage, conducting home inspections, and acquiring homeowner's insurance. Post-purchase, they continued to be a resource, suggesting local companies to contact for internet, water, waste management, oil, and other essential services. The experience of purchasing a home with Keith LaBrunda and Heather Montalbano was seamless and enjoyable.

Rachel and Andre First Time Homebuyer

As first-time homebuyers, the process of finding and purchasing a home felt daunting. But from the moment we reached out to Heather and Keith at Countryside Homes NJ and RE/MAX Town & Valley, our worries were put to rest. Their team was incredibly patient, answering all our questions and guiding us through every step. They took the time to understand our needs and preferences, ensuring that we found the perfect home in a neighborhood we love. We were especially impressed by their vast knowledge of the local market and their commitment to ensuring we got the best deal possible. We can't thank them enough for making our dream of homeownership a reality. If you're in the market for a new home, we highly recommend Heather and Keith at Countryside Homes NJ and RE/MAX Town & Valley. They truly go above and beyond for their clients!

Prestia Family New Homeowners

From the moment we began our home search, Heather at Countryside Homes NJ and RE/MAX Town & Valley stood out as the epitome of professionalism and dedication. Her team's in-depth knowledge of the Rockaway Borough area and their unwavering commitment to our needs made our home buying journey not only smooth but truly enjoyable. As new homeowners in Rockaway Borough, NJ, we can confidently say that choosing Heather at Countryside Homes NJ and RE/MAX Town & Valley was the best decision we made. Her expertise, patience, and genuine care for our family's needs transformed what could have been a stressful process into a memorable and joyous occasion. We are beyond grateful for her support and would highly recommend her and her team to anyone looking to find their dream home. Thank you for turning our dreams into reality!

Donna Buyer

Keith takes you through every step of buying a home with ease. It helps tremendously that he has extensive knowledge about the inner workings of a home so he can tell you how it should be. From his top notch contacts to his tireless energy, Keith does his best to keep the transaction on track. Keith is genuinely happy to introduce you to your new home and neighborhood ensuring you'll fit right in. I have worked with many realtors along the way and none are as diligent, generous, and trustworthy as Keith. I am very grateful to have had Keith as my buyer's agent...every exchange should be as good.

Mike Buyer

Truly was a pleasure working with Keith and Heather, I could call them any time with any question or problem and they would respond immediately, if they didn't have an the answer or solution at hand, they would find a way to get it ASAP. Truly appreciate their efforts and attention. They truly understood what we were looking for. In many cases they were willing to go investigate the property on our behalf and we truly trusted their analysis and ability to understand exactly what we wanted and/or needed.