Sussex County, NJ Home Values & Market Trends
The median home price in Sussex County, NJ is $389,337.94. There were 2,506 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 $338,841.221. The number of current listings in Sussex County, NJ is 254, and the percentage of properties for sale is 254.00%. The county has 743 foreclosures, 16 bank owned properties, 55 headed for auction, and 254 properties for sale.
Sussex County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Vernon | $ 245,500 $ 233/sqft | Franklin | $ 377,350 $ 206/sqft |
| Newton | $ 372,200 $ 227/sqft | Stockholm | $ 337,050 $ 296/sqft |
| Sparta | $ 432,750 $ 313/sqft | Andover | $ 579,450 $ 238/sqft |
| Sussex | $ 363,800 $ 224/sqft | Ogdensburg | $ 426,800 $ 273/sqft |
| Hamburg | $ 403,700 $ 197/sqft | Augusta | $ 639,000 $ 237/sqft |
| Stanhope | $ 404,400 $ 259/sqft | Lafayette | $ 676,900 $ 197/sqft |
| Hopatcong | $ 366,500 $ 275/sqft | Glenwood | $ 411,550 $ 179/sqft |
| Highland Lakes | $ 300,800 $ 293/sqft | Montague | $ -- $ -- |
| Branchville | $ 365,300 $ 219/sqft | Layton | $ -- $ -- |
Housing Market Summary for Sussex County, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $348.3K | $360.7K | 3.58% |
| Median Sold Price | $319.8K | $360.7K | 12.77% |
| Homes For Sale | 218 | 227 | 4.13% |
| Homes Sold | 1,303 | 1,312 | 0.69% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Sussex County, NJ
Browse Homes in Sussex County, NJ
Sussex County, NJ home values range from $112,000 to $888,000. 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 $251,900.
- Pre-ForeclosurePre-foreclosure homes account for 1.20% of all residential properties in Sussex County, NJ with Sussex containing 83 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 $884,900 in Andover to the lowest home value of $142,000 in Vernon.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sussex County, NJ ranges from the highest value of $396,300 in Andover to the lowest value of $210,000 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.
- AuctionsNewton has 9 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 0.10% 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 $766,400 in Lafayette to the lowest value of $198,800 in Lafayette.
Compare Nearby Cities
More Real Estate Resources for Sussex County, NJ
Guide for Sussex County, NJ
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.
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.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
