January 2025 Sussex County Real Estate Market Update: Trends and Insights

Median Home Prices

The median sale price for homes in Sussex County is approximately $460,000, reflecting a 3.4% increase compared to the same period last year.

Redfin

Inventory Levels

The county currently has about 1,964 homes listed for sale, representing a 7.1% decrease from the previous month.

Rocket Homes

Days on Market

Homes are spending an average of 53 days on the market, an 8.5% increase from last year, indicating a potential shift toward longer listing periods.

Rocket Homes

Market Conditions

Sussex County remains a seller's market, characterized by higher prices and quicker sales.

Rocket Homes

Reassessment Impact

A county-wide property reassessment, based on July 2023 market values, is set to influence 2025 tax bills. Property owners have received tentative assessments, with opportunities for appeals available.

Sussex County Government

Conclusion

The Sussex County real estate market continues to favor sellers, with rising home prices and limited inventory. Prospective buyers should be prepared for competitive conditions, while sellers may benefit from the current market dynamics. The upcoming property reassessment could also affect future tax obligations, making it essential for homeowners to review their new assessments and consider appeals if necessary.