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| APRIL 2025 | |||
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| Units Sold 412 |
Active Inventory 2,027 |
Median Sale Price $485,000 |
Days On Market 47 |
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| Down -6% Vs. Year Ago |
Up 18% Vs. Year Ago |
Down -5% Vs. Year Ago |
Down -10% Vs. Year Ago |
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Units Sold
The number of units sold remained stable in April, with 412 sold this month in Sussex County Real Estate. This month's total units sold was lower than at this time last year, a decrease of 2% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 309 units or 18%. The total number of active inventory this April was 2,027 compared to 1,718 in April 2024. This month's total of 2,027 is higher than the previous month's total supply of available inventory of 1,993, an increase of 2%. |
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Median Sale Price
Last April, the median sale price for Sussex County Homes was $512,500. This April, the median sale price was $485,000, a decrease of 5% or $27,500 compared to last year. The current median sold price is 2% lower than in March. 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 718 |
Current Contracts 496 |
Sold Vs. List Price 100.6% |
Months of Supply 4.9 |
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| Up 2% Vs. Year Ago |
Up 4% Vs. Year Ago |
Down -0.5% Vs. Year Ago |
Up 26% Vs. Year Ago |
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Months of Supply
In April, there was 4.9 months of supply available in Sussex County, compared to 3.9 in April 2024. That is an increase of 25% 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 718 homes newly listed for sale in Sussex County compared to 702 in April 2024, an increase of 2%. There were 496 current contracts pending sale this April compared to 475 a year ago. The number of current contracts remained stable as compared to last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Sussex County was 100.6% of the average list price, which is 0.5% lower than at this time last year. Days on Market
This month, the average number of days on market was 47, lower than the average last year, which was 52, a decrease of 10%. | |||
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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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