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| JANUARY 2025 | |||
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| Units Sold 312 |
Active Inventory 1,548 |
Median Sale Price $517,450 |
Days On Market 64 |
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| Up 8% Vs. Year Ago |
Up 8% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 312 sold this month in Sussex County Real Estate versus 463 last month, a decrease of 33%. This month's total units sold was higher than at this time last year, an increase of 8% versus January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 110 units or 8%. The total number of active inventory this January was 1,548 compared to 1,438 in January 2024. This month's total of 1,548 is lower than the previous month's total supply of available inventory of 1,591, a decrease of 3%. |
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Median Sale Price
Last January, the median sale price for Sussex County Homes was $497,495. This January, the median sale price was $517,450, an increase of 4% or $19,955 compared to last year. The current median sold price is 6% higher than in December. 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 484 |
Current Contracts 378 |
Sold Vs. List Price 97.8% |
Months of Supply 5.0 |
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| Up 1% Vs. Year Ago |
Up 9% Vs. Year Ago |
Down -2.8% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In January, there was 5.0 months of supply available in Sussex County. The amount of supply is similar compared to 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 484 homes newly listed for sale in Sussex County compared to 477 in January 2024, an increase of 1%. There were 378 current contracts pending sale this January compared to 346 a year ago. The number of current contracts is 9% higher than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Sussex County was 97.8% of the average list price, which is 2.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 64, higher than the average last year, which was 59, an increase of 8%. | |||
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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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