See how much homes prices fell in Sussex County recently

Newly released data from Realtor.com for October shows that potential buyers and sellers in Sussex County saw slightly lower home sale prices than the previous month’s median of $475,000.

The median home sold for $472,500, an analysis of data from Realtor.com shows. That means October, the most recent month for which figures are available, was slightly down from September.

Compared to October 2024, the median home sales price was down 4.1% compared to $492,450.

Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in the data. The statistics don’t include homes currently listed for sale and aren’t directly comparable to listings data.

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Information on your local housing market, along with other useful community data, is available at data.delawareonline.com.

Here is a breakdown on median sale prices:

• Looking only at single-family homes, the $490,000 median selling price in Sussex County was up 3.2% in October from $475,000 the month prior. Since October 2024, the sales price of single-family homes was slightly down from a median of $490,445.Fifty-four single family homes sold for $1 million or more during the month, compared to 36 recorded transactions of at least $1 million in October 2024.

• Condominiums and townhomes is the same sales price during October to a median of $450,000 from $450,000 in September. Compared to October 2024, the sales price of condominiums and townhomes was down 9.1% from $495,000. Ten condominiums or townhomes sold for $1 million or more during the month, compared to 14 recorded transactions of at least $1 million in October 2024.

About recorded home sales in Sussex County in Delaware

In October, the number of recorded sales in Sussex County dropped by 10% since October 2024 — from 482 to 434. All residential home sales totaled $285.4 million.

Across Delaware, homes sold at a median of $399,995 during October, up 2.6% from $390,000 in September. There were 1,072 recorded sales across the state during October, down 15.8% from 1,273 recorded sales in October 2024. 

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Here’s a breakdown for the full state:

• The total value of recorded residential home sales in Delaware decreased by 3.4% from $553.6 million in September to $534.7 million this October. 
• Out of all residential home sales in Delaware, 6.72% of homes sold for at least $1 million in October, up from 5.11% in October 2024.
• Sales prices of single-family homes across Delaware increased by 2.8% from a median of $408,500 in September to $419,900 in October. Since October 2024, the sales price of single-family homes across the state was up 5% from $400,000. 
• Across the state, the sales price of condominiums and townhomes dropped 7.4% from a median of $345,450 in September to $320,000 during October. The median sales price of condominiums and townhomes is down 5.9% from the median of $340,000 in October 2024. 

The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what’s happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.

USA TODAY Co. is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.