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 Last Month

Last month, Sterling Hills was a Neutral 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

$605,000

$270/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$90,000(+17.5%)

Key Takeaway

Homes in Sterling Hills have sold for 17.5% more than they did a month ago.

Summary: The median home sold price in Sterling Hills was $605,000 in August 2024, up 17.5% from last month, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 $407.5K-
N/A
3 $547.5K$514K
-6.1%
4 -$624.9K
N/A
5+ $655K$669.9K
+2.3%

Summary: Sterling Hills housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Neighborhoods

Sterling Hills
+17.5%
Iliff Commons
-2.5%

Housing Supply in Sterling Hills, CO

How many homes are available in Sterling Hills, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
4954+10.2%

Summary: The Sterling Hills real estate market had 54 homes for sale in August 2024, a 10.2% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 01
+100.0%
2 910
+11.1%
3 1717
0.0%
4 1216
+33.3%
5+ 1110
-9.1%

Summary: The Sterling Hills housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 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. 35.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Sterling Hills in August 2024, up by 100.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% 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

Jul 2024Aug 2024CHANGE
24 Days36 Days+48.0%

Summary: Homes in Sterling Hills had an average of 36 days on market in Aug 2024, up by 48% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 August 2024, 14 homes were sold in Sterling Hills; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% 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 27 Days Ago

Newest Listings in Sterling Hills, CO

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