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

Current Market Overview: January 2025 Analysis

Real Estate Market Trends in Sussex County, NJ: January 2025 Insights

Welcome to the latest real estate market update for Sussex County, New Jersey, brought to you by Countryside Homes NJ and RE/MAX Town & Valley. As we dive into the data for January 2025, covering single-family homes, condos, townhouses, and apartments, we’ll provide a detailed and comprehensive analysis of the current trends shaping the housing market in our region. Whether you’re a prospective buyer, seller, or simply curious about the local market, this report offers valuable insights into where Sussex County stands today.

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

Market Overview: A Seller’s Market Persists

Sussex County remains firmly in a seller’s market, characterized by a low Months Supply of Inventory (MSI) of 1.67 months. This figure indicates that, at the current sales pace, the entire inventory of available homes would be sold in just over six weeks—an unmistakable sign of high demand and limited supply. While this MSI is unchanged from the previous month, it represents a 12.6% decrease compared to January 2024, signaling a tightening market over the past year.

A balanced market typically requires 4-6 months of inventory, so with an MSI of 1.67, sellers continue to hold the upper hand. Homes are moving quickly, and buyers must act decisively to secure properties in this competitive environment.

Pricing Trends: Steady Growth in Median Sold Prices

The median sold price for properties in Sussex County reached $417,000 in January 2025, reflecting a modest 0.7% month-over-month (MoM) increase from December 2024. This steady upward trajectory underscores the resilience of property values in the area, driven by sustained buyer interest.

Looking ahead, the median estimated property value for February 2025 is projected at $445,610, up 0.5% from January and a more robust 5.1% increase year-over-year. This forecast suggests that home values are not only holding strong but are poised for continued appreciation, making Sussex County an attractive location for long-term investment.

Meanwhile, the median list price for new listings in January was $399,000 (up 1.3% MoM), and for active listings, it stood at $408,000 (up 4% MoM). These figures indicate that sellers are pricing homes optimistically, capitalizing on the seller’s market conditions, while still keeping list prices slightly below the median sold price—potentially to attract competitive offers.

Market Activity: Listings and Sales Dynamics

New Listings

In January 2025, new listings entered the market with a median list price of $399,000, a 1.3% MoM increase. This modest uptick reflects sellers’ confidence in the market’s ability to absorb properties at higher price points. However, the volume of new listings isn’t specified, so we can’t yet assess whether supply is keeping pace with demand—a critical factor to monitor in the coming months.

Active Listings

The pool of active listings carried a median list price of $408,000, up 4% MoM. This sharper increase compared to new listings suggests that properties already on the market are being repriced upward, possibly in response to recent sales trends or low inventory pressures. With only 1.67 months of supply, the limited number of active listings continues to fuel competition among buyers.

New Pending Listings

New pending listings—those that have recently gone under contract—showed a median list price of $399,950, up 1.4% MoM, with a total of 132 properties in this category (an 8.3% MoM increase). The median days in RPR (Realtors Property Resource) for these homes jumped to 36 days, a significant 28.6% MoM increase from December’s 28 days. This lengthening of time on market could hint at a slight cooling in buyer urgency or selectivity, though 36 days remains relatively brisk for a seller’s market.

The median price per square foot for new pendings was $271, up 7.5% MoM, and the total sales volume reached $56.5 million (up 14.5% MoM), reflecting robust transaction activity. The median living area of these homes was 1,450 square feet, a 7.8% MoM increase, suggesting buyers are gravitating toward slightly larger properties.

Pending Listings

The broader category of pending listings (all properties under contract) had a median list price of $399,250, up a modest 0.1% MoM, with 210 properties pending (up 6.3% MoM). Notably, the median days in RPR here was just 22 days, a 21.4% MoM increase from December’s 18 days. This shorter time on market compared to new pendings indicates that properties already in the pipeline are closing quickly.

The median price per square foot was $264 (up 3.5% MoM), with a total sales volume of $98.1 million (up 5.6% MoM) and a median living area of 1,544 square feet (up 3.3% MoM). These metrics reinforce the trend of strong demand, particularly for moderately sized homes.

Sold Listings

For sold listings, the median sold price of $417,000 (up 0.7% MoM) aligns with the broader pricing trends. The median days in RPR was 29 days, up 20.83% MoM, indicating that homes sold in January took slightly longer to move than in December (24 days). This could reflect seasonal slowdowns typical of winter or buyers being more deliberate in their decisions.

Key Takeaways for Buyers and Sellers

For Sellers: The persistent seller’s market, low inventory (1.67 MSI), and rising prices ($417,000 median sold) make this an ideal time to list your home. With homes selling in under a month on average (29 days for sold listings), pricing competitively can still yield strong offers in this high-demand environment.
For Buyers: Competition remains fierce, with inventory tight and median days on market creeping up slightly (22-36 days depending on category). Be prepared to act quickly and consider homes at or just below the median list price ($399,000-$408,000) to maximize value. The projected value increase to $445,610 by February suggests buying now could lock in gains.

Bottom Line

Sussex County’s real estate market in January 2025 reflects a dynamic balance of growth and stability. Prices are rising steadily, inventory remains scarce, and sales activity is robust despite a slight uptick in days on market. As we move into spring—a traditionally active season—Countryside Homes NJ and RE/MAX Town & Valley will keep you updated on whether supply begins to ease or if demand pushes prices even higher.

Ready to make your move in Sussex County? Contact us today for personalized advice tailored to your real estate goals in Morris County. Let’s make 2025 the year you plant your roots and grow your dreams—with the Countryside Team!

Data Source: Realtors Property Resource, LLC (Listings and Public Records), January 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.