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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sterling Hills is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sterling Hills was a Buyer's Market.

Key Takeaway

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

Housing Prices in Sterling Hills, CO

How much do homes in Sterling Hills, CO cost?

Median Sold Price

$552,500

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,500(+8.3%)

Key Takeaway

Homes in Sterling Hills have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Sterling Hills was $552,500 in November 2024, up 8.3% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $305K-
N/A
2 $460K$354K
-23.0%
3 $518K$530K
+2.3%
4 $590K$613.9K
+4.1%
5+ $705K$639.9K
-9.2%

Summary: Sterling Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 9.2%.

Housing Supply in Sterling Hills, CO

How many homes are available in Sterling Hills, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
40400.0%

Summary: The Sterling Hills real estate market had 40 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1112
+9.1%
3 1010
0.0%
4 1313
0.0%
5+ 54
-20.0%

Summary: The Sterling Hills 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 increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sterling Hills, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Sterling Hills in November 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.

Days on Market for Sterling Hills, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days30 Days+101.5%

Summary: Homes in Sterling Hills had an average of 30 days on market in Nov 2024, up by 101.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Sterling Hills; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 12/01/2022 - 12/01/2024

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Last updated on: 12/22/2024, 12:57:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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