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 October 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

$249,900

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+4.2%)

Key Takeaway

Homes in Sterling have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Sterling was $249,900 in October 2024, up 4.2% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $99K$80K
-19.2%
2 $180K$184.5K
+2.5%
3 $238K$240K
+0.8%
4 $275K$315K
+14.5%
5+ $400K$402.5K
+0.6%

Summary: Sterling housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.2%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 0.6%.

Housing Supply in Sterling, CO

How many homes are available in Sterling, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7687+14.5%

Summary: The Sterling real estate market had 87 homes for sale in October 2024, a 14.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2324
+4.3%
3 1822
+22.2%
4 2123
+9.5%
5+ 1418
+28.6%

Summary: The Sterling housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 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. 63.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Sterling in October 2024, up by 72.7% month-over-month. Of the 19 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
39 Days69 Days+75.7%

Summary: Homes in Sterling had an average of 69 days on market in Oct 2024, up by 75.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sterling has remained consistent over time.

Summary: During October 2024, 19 homes were sold in Sterling; 26% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 32% 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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