Is Sterling, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sterling is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sterling has remained a Seller's Market.

Key Takeaway

Sterling is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sterling, CO

How much do homes in Sterling, CO cost?

Median Sold Price

$244,950

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,450(+2.7%)

Key Takeaway

Homes in Sterling have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Sterling was $244,950 in November 2024, up 2.7% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $99K$80K
-19.2%
2 $182.5K$182K
-0.3%
3 $235.5K$239.9K
+1.9%
4 $273.7K$315K
+15.1%
5+ $400K$375.5K
-6.1%

Summary: Sterling housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.2%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 6.1%.

Housing Supply in Sterling, CO

How many homes are available in Sterling, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8780-8.0%

Summary: The Sterling real estate market had 80 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2521
-16.0%
3 2322
-4.3%
4 2119
-9.5%
5+ 1818
0.0%

Summary: The Sterling housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sterling, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Sterling in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.

Days on Market for Sterling, CO

How long does it take to sell a home in Sterling, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days43 Days+66.0%

Summary: Homes in Sterling had an average of 43 days on market in Nov 2024, up by 66% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sterling are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in Sterling; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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