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| MAY 2025 | |||
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| Units Sold 480 |
Active Inventory 1,999 |
Median Sale Price $515,000 |
Days On Market 54 |
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| Down -7% Vs. Year Ago |
Up 10% Vs. Year Ago |
Up 1% Vs. Year Ago |
Up 17% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 480 sold this month in Sussex County Real Estate versus 431 last month, an increase of 11%. This month's total units sold was lower than at this time last year, a decrease of 7% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 184 units or 10%. The total number of active inventory this May was 1,999 compared to 1,815 in May 2024. This month's total of 1,999 is lower than the previous month's total supply of available inventory of 2,323, a decrease of 14%. |
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Median Sale Price
Last May, the median sale price for Sussex County Homes was $510,000. This May, the median sale price was $515,000, an increase of 1% or $5,000 compared to last year. The current median sold price is 7% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 661 |
Current Contracts 473 |
Sold Vs. List Price 100.3% |
Months of Supply 4.2 |
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| Down -10% Vs. Year Ago |
Down -4% Vs. Year Ago |
No Change Vs. Year Ago |
Up 19% Vs. Year Ago |
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Months of Supply
In May, there was 4.2 months of supply available in Sussex County, compared to 3.5 in May 2024. That is an increase of 19% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 661 homes newly listed for sale in Sussex County compared to 738 in May 2024, a decrease of 10%. There were 473 current contracts pending sale this May compared to 491 a year ago. The number of current contracts is 4% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Sussex County was 100.3% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 54, higher than the average last year, which was 46, an increase of 17%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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