$3,978 Closing Credit*
$335,000
1,008 SqFt
2 Beds
•1 Full Bath
Maria Gallucci, Listing Office: Compass - Denver
Is Sterling Hills, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sterling Hills has remained a Buyer's Market.
Key Takeaway
Sterling Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sterling Hills, CO
How much do homes in Sterling Hills, CO cost?
Median Sold Price
$555,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+8.8%)
Key Takeaway
Homes in Sterling Hills have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Sterling Hills was $555,000 in October 2024, up 8.8% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | - | N/A |
| 2 Bedrooms | $460K | $339K | -26.3% |
| 3 Bedrooms | $522.5K | $517K | -1.1% |
| 4 Bedrooms | $595K | $613.9K | +3.2% |
| 5+ Bedrooms | $705K | $627.4K | -11.0% |
Summary: Sterling Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 11%.
Housing Supply in Sterling Hills, CO
How many homes are available in Sterling Hills, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Summary: The Sterling Hills real estate market had 39 homes for sale in October 2024, a 9.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Sterling Hills 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 decreased by 30.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sterling Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sterling Hills in October 2024, down by 69.2% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 57 Days | +280.0% |
Summary: Homes in Sterling Hills had an average of 57 days on market in Oct 2024, up by 280% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sterling Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Sterling Hills; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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