Sussex County NJ Housing Market: What Changed This Fall?
Sussex County NJ Housing Market: What Changed This Fall?
The Sussex County NJ housing market is still a seller's market, but it's loosening. The median single-family sale price was $485,500 from Aug 4 to Nov 2, 2026. Active listings jumped 33% to 447 homes, about 3 months of supply. Homes sold for 101.5% of list price, in a median of 23 days.
What is the median home price in Sussex County, NJ right now?
The median sale price for a single-family home is $485,500. That's based on sales closed in the last 90 days.
That's down 2.8% from $499,500 in the summer window. But it's still up 7.9% from $450,000 last fall and winter. Here's the interesting part. The median list price of sold homes was $475,000 in both windows. So sellers asked about the same. Buyers just didn't bid as far over asking this fall.
Source: Garden State MLS
Are there more homes for sale in Sussex County?
Yes. There are 447 active single-family listings, up from 335 last quarter.
That's a 33% jump in just 90 days. Last fall and winter, the count sat at 259. So there are about 73% more homes for sale than there were last winter. Sussex County closed 448 sales in 90 days, or about 149 a month. With 447 homes for sale, that's about 3 months of supply. A seller's market is when there are more buyers than homes for sale. Under 6 months of supply usually means a seller's market, so we're still in one.
Source: calculated from Garden State MLS
Are homes in Sussex County still selling over asking?
Yes, but not by as much. Homes sold for a median of 101.5% of list price.
That's down from 102.7% in the summer window. On a $500,000 list price, that's about $7,600 over asking. This summer, the same home would have gone for about $13,500 over. Last fall and winter, homes sold for 100.9% of list price. Bidding wars still happen on well-priced homes. They're just calmer than they were a few months ago.
Source: Garden State MLS
How fast are homes selling in Sussex County?
The median home sold in 23 days. That's up from 18 days in the summer window.
Homes are still moving at a good pace. Last fall and winter, the median was 27 days. Closings dipped slightly, from 466 to 448 sales. That's a 3.9% drop, which is normal heading into fall. With more homes to choose from, buyers can take a bit more time.
Source: Garden State MLS
How do mortgage rates affect Sussex County buyers right now?
Rates are higher than a year ago, but they eased a bit in late October.
Freddie Mac's 30-year fixed average was 7.24% on Oct. 29, 2026. That's down from 7.32% the week before. A year ago, the average was 6.17%. Higher rates shrink what buyers can borrow on the same monthly payment. That's one reason over-asking offers are getting smaller. If you're buying, shop more than one lender before you lock.
Source: Freddie Mac Primary Mortgage Market Survey
What does this mean for buyers and sellers in Sussex County?
Buyers have more room to breathe. Sellers still have a good market but need to price smart.
Sussex County has 24 towns, and each one moves a little differently. More than one-third of the county's land is public or preserved open space. It's also home to Lake Hopatcong, the largest lake in New Jersey. That space and lake life draw buyers from Bergen, Essex, and Passaic counties. If you're buying, get pre-approved and take time to compare homes. Many homes here run on well and septic, so budget for those inspections. If you're selling, a fair price from day one matters more now. Overpriced homes will sit while buyers look at hundreds of other options.
Source: Sussex County Hazard Mitigation Plan, County Profile
- $485,500 median sale price, Aug 4 to Nov 2, 2026
- +7.9% vs. the $450,000 median last fall and winter
- 447 active single-family listings, up 33%
- 101.5% median sale price as a share of list price
- 23 days median days on market
- 448 closed sales, down 3.9%
- About 3 months of supply
- 7.24% average 30-year mortgage rate (Freddie Mac, Oct. 29, 2026)
The Bottom Line
Sussex County is still a seller's market, but buyers finally have real choices. Prices are up from last winter, even as bidding wars cool off. Thinking about a move? This fall is a great time to get clear on your numbers. I'm always happy to walk you through what's happening in your town.
Frequently Asked Questions
What is the median home price in Sussex County, NJ?
The median single-family sale price was $485,500 from Aug 4 to Nov 2, 2026. That's per Garden State MLS, and it's up 7.9% from last fall and winter.
Is Sussex County still a seller's market?
Yes. There's about 3 months of supply, and under 6 months usually means a seller's market. Buyers do have more choices than they did this summer.
How long does it take to sell a house in Sussex County?
The median home sold in 23 days over the last 90 days. That's up from 18 days in the summer window.
Are Sussex County homes still selling over asking?
Yes, but by less. Homes sold for a median of 101.5% of list price, down from 102.7% last quarter.
What are mortgage rates right now?
Freddie Mac's 30-year fixed average was 7.24% on Oct. 29, 2026. That's down from 7.32% the week before, but up from 6.17% a year ago.
Sources
- Garden State MLS (https://www.gsmls.com/): Market Condition Statistics Report (1004 MC), Sussex County single-family homes, Nov 2, 2025 to Nov 2, 2026. Supports median sale price, list prices, active listings, days on market, closed sales, and sale-to-list ratio. Info deemed reliable but not guaranteed.
- Freddie Mac Primary Mortgage Market Survey (https://www.freddiemac.com/pmms): 7.24% 30-year fixed average on Oct. 29, 2026, 7.32% the week before, 6.17% a year earlier.
- Sussex County Hazard Mitigation Plan, Section 3: County Profile (https://sussex.nj.us/documents/sheriff/2021/HMP/Draft%20Section%203%20-%20County%20Profile.pdf): 24 municipalities, open space covering more than one-third of county land, and Lake Hopatcong as New Jersey's largest lake.
- Months of supply, dollar amounts over asking, and percent changes are estimates calculated from the Garden State MLS figures above.
Nina Fradl is a REALTOR® with United Real Estate North Jersey, serving all of Sussex County, including Andover Boro, Andover Twp, Branchville Boro, Byram Twp, Frankford Twp, Franklin Boro, Fredon Twp, Green Twp, Hamburg Boro, Hampton Twp, Hardyston Twp, Hopatcong Boro, Lafayette Twp, Montague Twp, Newton Town, Ogdensburg Boro, Sandyston Twp, Sparta Twp, Stanhope Boro, Stillwater Twp, Sussex Boro, Vernon Twp, Walpack Twp, and Wantage Twp.
Nina Fradl, REALTOR®
United Real Estate North Jersey
Phone: (973) 490-4999
Email: Nina@NinaFradl.com
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