Sussex County, NJ Home Values & Market Trends

The median home price in Sussex County, NJ is $388,242.48. There were 2,560 home sales in Sussex County, NJ over the past 12 months. The median residential Sussex County, NJ home value for transactions over the previous year is $334,908.356. The number of current listings in Sussex County, NJ is 234, and the percentage of properties for sale is 234.00%. The county has 739 foreclosures, 14 bank owned properties, 50 headed for auction, and 234 properties for sale.

Sussex County, NJ Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Newton

$ 367,600

$ 217/sqft

Branchville

$ 323,150

$ 202/sqft

Vernon

$ 248,400

$ 222/sqft

Franklin

$ 299,100

$ 194/sqft

Sparta

$ 431,900

$ 324/sqft

Stockholm

$ 305,200

$ 280/sqft

Sussex

$ 363,200

$ 197/sqft

Ogdensburg

$ 402,850

$ 258/sqft

Highland Lakes

$ 285,100

$ 269/sqft

Lafayette

$ 682,300

$ 199/sqft

Hamburg

$ 472,400

$ 200/sqft

Augusta

$ 642,800

$ 238/sqft

Hopatcong

$ 389,600

$ 261/sqft

Glenwood

$ 444,400

$ 208/sqft

Stanhope

$ 383,450

$ 265/sqft

Montague

$ --

$ --

Andover

$ 433,800

$ 224/sqft

Layton

$ --

$ --

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Housing Market Summary for Sussex County, NJ

Mar 2023February 2024Change
Median Listing Price$335K$371.4K10.87%
Median Sold Price$321.8K$371.4K15.40%
Homes For Sale226201-11.06%
Homes Sold1,4751,437-2.58%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Sussex County, NJ

Sussex County, NJ home values range from $108,000 to $870,000. Lafayette is the priciest city with a median listing home price of $749,000, and Vernon is most affordable with average house prices of around $249,900.

Foreclosure
There are 18 cities within Sussex County, NJ; within these cities, the median estimated home value for homes in foreclosure ranges from $855,100 in Vernon to the lowest value of $112,600 in Vernon. Foreclosure homes account for 1.00% of properties in Sussex County, NJ with Newton containing 92 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.21% of all residential properties in Sussex County, NJ with Sussex containing 82 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 18 cities within Sussex County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $850,700 in Lafayette to the lowest home value of $112,600 in Vernon.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Sussex County, NJ ranges from the highest value of $356,800 in Andover to the lowest value of $202,900 in Hopatcong. Bank owned homes and properties account for 0.03% of properties in Sussex County, NJ. There are 18 cities within Sussex County, NJ; Stanhope containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Vernon has 8 auction properties, the highest number of properties going to auction in a single city in the state of Sussex County, NJ. Auction homes and other auction properties account for 0.09% of all properties in Sussex County, NJ. There are 18 cities within Sussex County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $439,700 in Lafayette to the lowest value of $212,300 in Lafayette.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.42% of residential properties in Sussex County, NJ with Newton containing 44 homes for sale, the highest number of listed properties in a single city. There are 18 cities within Sussex County, NJ; homes for sale in those cities, have a range of median values from $652,500 in Augusta to the lowest value of $110,400 in Newton.
    Sold Homes
    The median value for recently sold homes ranges from $679,100 in Augusta to the lowest price of $110,300 in Augusta. There are 18 cities within Sussex County, NJ. Newton has 204 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.47% of properties in Sussex County, NJ.

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      Guide for Sussex County, NJ

      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      See More Articles
      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.